Demand Growth for Animal Products in the BRIIC Countries

Danhong Chen, David Gerard Abler

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

We conduct a meta-analysis of studies of consumer demand for animal products in the BRIIC countries (Brazil, Russia, India, Indonesia, and China) to gauge how future demands are likely to evolve. The BRIIC countries accounted for more than one-fourth of global GDP in purchasing power parity terms in 2010, and are projected to have high rates of economic growth during the coming decade. Econometric results indicate that demands are likely to become more price-responsive but less income-responsive. These effects will likely become significant over time in countries such as China and India where per capita incomes are projected to grow rapidly. These developments may benefit exporters of animal products to the BRIIC countries if trade agreements are signed that open up the relatively closed markets for animal products in these countries. [EconLit Subject Codes: Q110, Q170].

Original languageEnglish (US)
Pages (from-to)85-97
Number of pages13
JournalAgribusiness
Volume30
Issue number1
DOIs
StatePublished - Dec 1 2014

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animal product
animal products
animal
India
China
demand
Growth
purchasing power parity
income
trade agreements
trade agreement
econometrics
Indonesia
Economic Development
purchasing power
consumer demand
Russia
meta-analysis
purchasing
Parity

All Science Journal Classification (ASJC) codes

  • Food Science
  • Geography, Planning and Development
  • Animal Science and Zoology
  • Agronomy and Crop Science
  • Economics and Econometrics

Cite this

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Demand Growth for Animal Products in the BRIIC Countries. / Chen, Danhong; Abler, David Gerard.

In: Agribusiness, Vol. 30, No. 1, 01.12.2014, p. 85-97.

Research output: Contribution to journalArticle

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