Projections of Dairy Product Consumption and Trade Opportunities in China
AbstractChina has been rapidly increasing its consumption and imports of dairy products in recent years. A two-stage demand system was estimated for livestock product consumption in urban China over the 1990s. Total expenditure elasticities for the livestock commodity group and expenditure elasticities for dairy products within the livestock commodity group were calculated. The results suggest that dairy products, even in urban areas, remain luxury goods because of a high expenditure elasticity (1.14). Due to rapidly increasing consumption and the likelihood of inadequate supply growth, China will continue to increase its imports of dairy products to meet its domestic demand. Projections imply that Chinaâ€™s imports of dairy products may range between 13-30 percent of its total domestic consumption by 2006. Due to differences in regional income and population growth rates, increases in dairy products consumption may occur especially in the Coastal, South and North areas, where potential trade opportunities may exist.
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Bibliographic InfoArticle provided by University of Melbourne, Melbourne School of Land and Environment in its journal Australasian Agribusiness Review.
Volume (Year): 12 (2004)
Issue (Month): ()
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Web page: http://www.agrifood.info/review/
China; dairy products; two-stage demand system; livestock; expenditure elasticities; regional income; consumption; Agribusiness; Agricultural and Food Policy; Consumer/Household Economics; Farm Management; Food Consumption/Nutrition/Food Safety; International Development; International Relations/Trade; Livestock Production/Industries; Marketing; Research Methods/ Statistical Methods; ISSN 1442-6951;
Other versions of this item:
- Ma, Hengyun & Rae, Allan N., 2003. "Projections Of Dairy Product Consumption And Trade Opportunities In China," China Agriculture Project Working Papers 23690, Massey University, Centre for Applied Economics and Policy Studies.
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