Economic study on jute product industry
1995
Ratipun Hitapun
Purpose of this study is, firstly, to investigate market structure and conduct of Jute Product Industry, secondly, to analyze factors determining demand for jute products, namely Jute Bag, Jute Twine and Jute Yarn and, finally, to forecast future demand for these products. An investigation of market structure indicates that the industry has been increasingly concentrated, which in 1993 had a three-firm producer concentration ratio of 64 percent instead of 51 percent in 1979. The outcome of quantitative analysis shows that average per capita income of Thailand, Japanese average per capita income and import price ratio of Jute Twine from Thailand to the People Republic of China and Belgian average per capita income as well as ratio of Jute Yarn import price from Thailand to Bangladesk are significant factors determining domestic demand for Jute Bag, Japan's demand for Thai Jute Twine and Belgium's demand for Jute Yarn respectively. The time trend analysis during 1994-1998 shows that domestic demand of Jute Bag will be decreased whereas Japan's demand for Thai Jute Twine and Belgium's demand for Thai Jute Yarn will be increased. However, total demand for such three products will be decreased approximately 0.24-0.35 percent per annum in the said period. The prospect of this industry depends highly on the government assistance in expanding efficient jute plantation in order to provide sufficient raw jute and the private maintaining the country position in existing high quality product export markets, as well as, penetration into new potential export markets such as U.S.A., Republic of Korea and Republic of China (Taiwan).
Show more [+] Less [-]AGROVOC Keywords
Bibliographic information
This bibliographic record has been provided by Kasetsart University