Monopolistic practices of the most important countries exporting red meat to the Egyptian market | ||
| Fayoum Journal of Agricultural Research and Development | ||
| Volume 37, Issue 4, October 2023, Pages 709-723 PDF (1.26 M) | ||
| Document Type: Research articles. | ||
| DOI: 10.21608/fjard.2023.315655 | ||
| Authors | ||
| Eid Naaimy Faisal; Hoda Abd Elhaleem Meshref* | ||
| Department of Agricultural Economics, Faculty of Agriculture, Fayoum University | ||
| Abstract | ||
| This paper aims at studying the current situation of the production and consumption of red meat in Egypt, as well as estimating the market power (monopolistic practices) and estimating some indicators of the competitiveness of the most important exporting countries red meat to Egypt. The study concluded that the total production and the self-sufficiency rate of red meat in Egypt decreased during the period (2012-2020) at a rate of about 7.9%, 6% annually, respectively. And the values of the inverse elasticity of residual demand for Brazil, Sudan, and Paraguay are statistically positive and significant, meaning that these countries practice more monopolistic practices within the Egyptian market, and statistically positive and insignificant for India, Colombia, South Africa, which means the dominance of complete competition for these red meat exporting countries within the Egyptian market, and statistically negative and insignificant for Australia, America, New Zealand, meaning that these countries lose their market power within the Egyptian market. The study also found that the market share index for the most important countries competing for the export of red meat within the Egyptian market during the period (2010-2020) amounted to about 17.54%, 15.2%, and 12.65% for Brazil, Sudan, and Paraguay, respectively, meaning that the Egyptian market is able to absorb the largest amount of red meat from those countries. And that the market penetration coefficient reached its maximum for each of Sudan and Brazil by about 9.5% and 8.34%, respectively, and that the market share of New Zealand and America was low, and therefore the Egyptian market could absorb larger quantities in the future than those countries. New Zealand achieved the best relative price per ton of red meat, followed by Australia and then America. While New Zealand achieved the best rate of relative stability in red meat production, followed by Sudan and Brazil. The research recommends that the import policy should be directed to New Zealand, Australia and South Africa because they do not exercise any monopolistic pressures within the Egyptian market, in addition to their high competitive capabilities and low market share, which opens the way for increasing their market share. And take advantage of the competitive advantage of the relative price index of New Zealand, Australia and America compared to the prices of competing countries. And an attempt to reduce the monopolistic pressures exerted by Brazil and Sudan within the Egyptian market by increasing reliance on New Zealand, Australia and South Africa in importing meat, With the same quality and specifications preferred by the Egyptian consumer. | ||
| Keywords | ||
| Monopolistic practices; Market power; Competitiveness; Red meat; Egyptian market | ||
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