Thesis Abstract and Dissertation Abstracts
An Analysis of Export Potential of Indian Dairy Products in Asian Countries
Abstract Category: Other Categories
Course / Degree: Agriculture Economics
Institution / University: National Dairy Research Institute, India
Published in: 2005
The signing of Agreement on Agriculture (AoA) coupled with domestic policy reforms has generated high expectation of a quantum jump in Indian dairy exports, particularly as India has a comparative advantage in milk production. Besides domestic markets, the Asian countries where the sanitary and phyto-sanitary requirements are less stringent are envisaged as important export destinations of Indian dairy products.
The present study examined the export trend of Indian dairy products in Asian markets for the period 1991 to 2004 and subsequently made forecast of export potential for the year 2010 in those markets on the basis of panel data estimation of import demand elasticity and relative price elasticity. The data on export of Indian dairy products both, in quantity (Kg.) and value (US$), to each Asian destination was taken from the electronic database from three sources: Directorate General of Commercial Intelligence and Service, India (DGCIS), Directorate General of Foreign Trade, India (DGFT), and Centre for Monitoring Indian Economy (CMIE).
Indian sub-continent and Gulf countries were found to be the major export destinations for Indian dairy products. However, few South and East Asian countries also came up during recent period like China, North Korea, South Korea and Taiwan. The export instability was prominent for Asia as well as for individual markets. India exported mainly Concentrated or sweetened milk and cream based products and Butter/ Fat based products to the Asian destinations. Some new products were added to the export basket in the recent period, like Whey based products, Butter oil, Processed & powdered Cheese, albeit their shares were marginal. Indian dairy exports were found to be import demand and relative price elastic in most of the countries with varying degrees. Gulf and South & East Asian countries were relatively more sensitive to changes in import demand and relative price than any other countries in Indian subcontinent.
In the years to come, Gulf countries would be the most important Asian destinations for traditional Indian dairy products. In South and East Asian destinations export potential lies for western products like Cheese and whey based products. India needs to be more cautious regarding its exports to neighbouring countries, as except Nepal, India is loosing these markets, particularly Bangladesh and Sri Lanka.
The overall export potential of Indian dairy products was promising. The onus to realize these potential lies to a large extent on Indian dairy industry through increasing production of quality products to tap Asian markets.
Thesis Keywords/Search Tags:
Export potential, Indian dairy products, Asian countries, WTO, AoA
This Thesis Abstract may be cited as follows:
Export potential, Indian dairy products, Asian countries, WTO, AoA
Submission Details: Thesis Abstract submitted by Pralay Hazra from India on 17-Oct-2005 19:04.
Abstract has been viewed 2561 times (since 7 Mar 2010).
Pralay Hazra Contact Details: Email: pralayhazra@gmail.com
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