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Vol. 12, Special Issue 12 (2023)

Destinations and diversification in export of meat from India: Markov chain analysis

Author(s):
PJ More, SC Kamble, PD Salunke and PM Metkari
Abstract:
The present study entitled “Export of meat from India – An Economic Analysis” For this study time series data on country wise exports for the period 1987 to 2013 were collected from annual publications of APEDA and website, FAO year books. The collected data were evaluated for two different periods viz. pre-WTO period: 1987-88 to 1994-95, post-WTO period 1995-96 to 2013-14 and overall period 1987-88 to 2013-14, in order to observe the effect of the WTO on export of meat. Markov chain analysis was used to analyze the market share and direction of trade of Indian meat.
The market share and direction of trade analysis showed that Malaysia, UAE, Oman, Mauritius were most loyal and stable importers of buffalo meat during study period. The most unstable markets were Kuwait and Jordan as their retention probabilities were almost zero in pre-WTO and overall period. In case of sheep and goat meat UAE and Saudi Arabia were most loyal and stable importers during study period. The most unstable markets for sheep and goat meat were Bahrain, Oman, Kuwait and USA Portugal was most loyal and stable importer of Animal casings during study period. The most unstable markets were Italy, Germany, Japan, UAE, France as their retention probabilities were almost zero during study period. For processed meat and Oman was most loyal and stable importer during study period. The most unstable markets for processed meat were Qatar, Malaysia, Jordan, Seychelles, Kuwait, and Bahrain. Bahrain, Bhutan and Nepal were most loyal and stable importers of other meat during study period. It could be concluded from the foregoing analysis that in order to reap benefit from international it is necessary to concentrate on markets for meat the most loyal countries and at the same time divise the policy to increase share of Indian meat in international market.
Pages: 541-545  |  88 Views  39 Downloads
How to cite this article:
PJ More, SC Kamble, PD Salunke and PM Metkari. Destinations and diversification in export of meat from India: Markov chain analysis. The Pharma Innovation Journal. 2023; 12(12S): 541-545.
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