Unformatted text preview: ies and overall, inadequate trade facilitation, are considered as causes for such a phenomenon. The Export basket is dominated by few product categories There has been no drastic change in the export basket in the region over the last decade. During 2000‐08, few products dominated the export baskets of major exporting countries including fish and crustaceans (13%), oil and animal/vegetable fats (12%), cereals (10%) and meat and preparation of meat (7%) (Fig VI). About two‐fifths of export items from Asia and the Pacific are high‐protein products. Data shows a firm growth in the same product categories over the years. For example, the fish and crustaceans category increased at an average rate of 6% during 2000‐08. Some categories had increased faster. The animal/vegetable fat category saw more than a five‐fold export growth in 2008 compared to 2000, followed by Cereals, which was three times higher by 2008 compared to 2000. Source: COMTRADE 2011 9 Brazil, Russia, India, China 10 Export destinations are changing slowly The export market for the Asia‐Pacific region for the top five products are still dominated by the developed countries. Japan and the United States are common to major product categories (Fig VII). The major exception is the animal/vegetable fats category, where regional emerging economies such as China and India are major markets. The biggest market for the highest valued export product, Fish and Crustaceans, is Japan followed by the United States; the Republic of Korea; Hong Kong, China; and China. High per capita income of these developed countries induces demand for fish, seafood and fish/seafood based products. Consumer concerns regarding quality, fresh produce, all‐year round availability and food safety concern put increased the price of fish and seafood products. Japan, for instance is well known for its demand for raw fish (De Silva 2011). Source: COMTRADE 2011 Export destinations for Animal/Vegetable Fats and Oil are China, India, the Netherlands, Pakistan and the United States. The Preparation of Meat and Fish are sold mainly to Japan and the United States, followed by Hong Kong, China, the Republic of Korea and the United Kingdom of Great Britain and Northern Ireland. The major markets for Cereals are Malaysia, the Republic of Korea and Saudi Arabia apart from special category exports. The United Arab Emirates, Indonesia and Bangladesh are also among the top 10 destinations for Cereals. The trend suggests that processed foods are destined for developed economies whereas commodity products such as rice and wheat are consumed more by highly populated developing countries. Livestock producing countries also are destinations for commodities such as Animal/Vegetable Fats for the production of animal/livestock feed. 11 2. Intra‐regional Trade in the Asia‐Pacific Region Source: COMTRADE 2011 Intra‐regional agro‐trade in Asia and the Pacific grew faster than trade with the rest of the world. In 2008, more than half of Asia‐Pacific agro‐products were exported within the region, followed by European Union (15%) and the United States of America (10%) (see Fig VIII). Asia‐Pacific exports within the region increased from about $66 billion in 2004 to $118 billion in 2008 and accounted for about one‐fifth of the world agro‐exports. Intra‐regionally also, Asia‐Pacific agro‐exports are led by a small number of countries. The top 5 countries share two‐thirds of the total Asia‐Pacific export (see Fig IX). China was responsible for a quarter of the Asia‐Pacific’s total agro‐exports to the region during 2004‐08. Nonetheless, the intra‐regional demand plays a crucial role for accelerating the export growth. Source: COMTRADE 2011 12 Traditional markets are becoming tougher The European Union is still the largest importer in the world followed by the United States of America. But further growth for agro‐exports from Asia and the Pacific could come from deman...
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This document was uploaded on 02/26/2014 for the course BUSINESS 101 at Manitoba.
- Spring '14