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Competitive Analysis and Market Power of China’s Soybean Import Market

Author

Listed:
  • Song, Baohui
  • Marchant, Mary A.
  • Reed, Michael R.
  • Xu, Shuang

Abstract

This research conducts a competitive structure analysis of the Chinese soybean import market which leads to the hypothesis that China’s soybean importers may have stronger market power in China’s soybean import market. Then, this research develops and simultaneously estimates a two-country partial equilibrium trade model to test U.S.-China market power of soybean trade. The empirical result supports our hypothesis that Chinese soybean importers have stronger market power relative to U.S. soybean exporters. This Chinese market power can be countered by U.S. and South American companies through developing new and expanding existing markets for soybeans throughout the world and investing in Chinese soybean storage and crushing capacity.

Suggested Citation

  • Song, Baohui & Marchant, Mary A. & Reed, Michael R. & Xu, Shuang, 2009. "Competitive Analysis and Market Power of China’s Soybean Import Market," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 12(1), pages 1-22, February.
    • Handle: RePEc:ags:ifaamr:53744
    DOI: 10.22004/ag.econ.53744
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    Citations

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    Cited by:

    1. Zhang, Youwang & Li, Chogguang & Xu, Yuanyuan & Li, Jian, 2020. "An attribution analysis of soybean price volatility in China: global market connectedness or energy market transmission?," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 22(1), July.
    2. Yin, Fang & Sun, Zhanli & You, Liangzhi & Müller, Daniel, 2018. "Increasing concentration of major crops in China from 1980 to 2011," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 13(5), pages 480-493.
    3. Taelman, Sue Ellen & De Meester, Steven & Van Dijk, Wim & da Silva, Vamilson & Dewulf, Jo, 2015. "Environmental sustainability analysis of a protein-rich livestock feed ingredient in The Netherlands: Microalgae production versus soybean import," Resources, Conservation & Recycling, Elsevier, vol. 101(C), pages 61-72.
    4. Gafarova, Gulmira & Perekhozhuk, Oleksandr & Glauben, Thomas, 2017. "Analysis Of Oligopolistic Behaviour Of Kazakh And Russian Exporters In The South Caucasus Wheat Market," 2017 International Congress, August 28-September 1, 2017, Parma, Italy 261429, European Association of Agricultural Economists.
    5. Yao, Guolin & Hertel, Thomas W. & Taheripour, Farzad, 2017. "Understanding China's Soybean Boom from Historical Validation," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258373, Agricultural and Applied Economics Association.
    6. de Lima, Daruichi Pereira & Fioriolli, José Carlos & Padula, Antonio Domingos & Pumi, Guilherme, 2018. "The impact of Chinese imports of soybean on port infrastructure in Brazil: A study based on the concept of the “Bullwhip Effect”," Journal of Commodity Markets, Elsevier, vol. 9(C), pages 55-76.
    7. Chen, Wei & Marchant, Mary A. & Muhammad, Andrew, 2010. "China’s Soybean Imports — Price Impacts using a Production System Approach," 2010 Annual Meeting, February 6-9, 2010, Orlando, Florida 56528, Southern Agricultural Economics Association.
    8. Nakajima, Toru, 2012. "Estimating Time Variation of Market Power: Case of U.S. Soybean Exports," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124775, Agricultural and Applied Economics Association.
    9. Byung Min Soon & Jarrett Whistance, 2019. "Seasonal Soybean Price Transmission between the U.S. and Brazil Using the Seasonal Regime-Dependent Vector Error Correction Model," Sustainability, MDPI, vol. 11(19), pages 1-9, September.
    10. Lin, Dayan & Wu, Guosong & Zhu, Jing & Yang, Fan & Aniah, Dominic, 2015. "A Study on the Impact of Constraints from Exporters' Exporting Prowess on Source Distribution of China's Soybean Imports," 2015 Conference, August 9-14, 2015, Milan, Italy 211562, International Association of Agricultural Economists.
    11. Zainuri, Ahmad & Wardhono, A. & Sutomo & Ridjal, J. A., 2015. "Competitiveness Improvement Strategy of Soybean Commodity: Study of Food Security in East Java - Indonesia," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 7(3), pages 1-8, September.
    12. Wenxin Wang & Yaowen Liang & Zhuo Ru & Haojie Guo & Bingjie Zhao, 2023. "World Forage Import Market: Competitive Structure and Market Forces," Agriculture, MDPI, vol. 13(9), pages 1-18, August.
    13. Zhu, Xuehong & Li, Xinyuan & Zhang, Hongwei & Huang, Jianbai, 2019. "International market power analysis of China’s tungsten export market -- from the perspective of tungsten export policies," Resources Policy, Elsevier, vol. 61(C), pages 643-652.
    14. Evans, Edwardv A. & Ballen, Fredy H., 2015. "Competitive Behavior in the U.S. Green Skin Avocado Market," Journal of Food Distribution Research, Food Distribution Research Society, vol. 46(3), pages 1-12, November.

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