Meat demand in China
AbstractPurpose – The purpose of this paper is to provide a thorough analysis of meat demand in China and predict future trends in meat consumption. Design/methodology/approach – Expenditure as well as Marshallian and Hicksian demand elasticities of various meats in China are evaluated using the linear almost ideal demand system. Findings – Results from this paper show that pork, the primary meat in Chinese diets, has become a necessity and that poultry, beef, mutton, and fish are considered luxuries within the meat budget allocation of Chinese households. Furthermore, the results predict that for any increase in future meat expenditure, the largest share of that increase will be allocated to pork consumption. Originality/value – This paper fills a gap currently present in the empirical literature regarding time series meat demand analysis in China. This paper makes use of newly available time series data on Chinese meat consumption and prices to estimate expenditure as well as own-price and cross-price elasticities. Implications for both domestic meat producers and grain exporters are discussed.
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Bibliographic InfoArticle provided by Emerald Group Publishing in its journal China Agricultural Economic Review.
Volume (Year): 1 (2009)
Issue (Month): 4 (August)
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Find related papers by JEL classification:
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
- Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
- Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
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- Ortega, David L. & Wang, H. Holly & Wu, Laping & Olynk, Nicole J., 2011.
"Modeling heterogeneity in consumer preferences for select food safety attributes in China,"
Elsevier, vol. 36(2), pages 318-324, April.
- Ortega, David L. & Wang, H. Holly & Wu, Laping & Olynk, Nicole J., 2010. "Modeling Heterogeneity in Consumer Preferences for Select Food Safety Attributes in China," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61175, Agricultural and Applied Economics Association.
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- Qingbin Wang & Robert Parsons & Guangxuan Zhang, 2010. "China's dairy markets: trends, disparities, and implications for trade," China Agricultural Economic Review, Emerald Group Publishing, vol. 2(3), pages 356-371, September.
- Masuda, Tadayoshi & Goldsmith, Peter D., 2012. "China's Meat and Egg Production and Soybean Meal Demand for Feed: An Elasticity Analysis and Long-Term Projections," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association (IAMA), vol. 15(3).
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