• SELECT SITE CURRENCY
Select a currency for use throughout the site
The 2009 Import and Export Market for Live Bovine Animals in Burkina Faso
ICON Group International, August 2009, Pages: 12
On the demand side, exporters and strategic planners focusing on live bovine animals in Burkina Faso face a number of questions. Which countries are supplying live bovine animals to Burkina Faso? How important is Burkina Faso compared to others in terms of the entire global and regional market? How much do the imports of live bovine animals vary from one country of origin to another in Burkina Faso? On the supply side, Burkina Faso also exports live bovine animals. Which countries receive the most exports from Burkina Faso? How are these exports concentrated across buyers? What is the value of these exports and which countries are the largest buyers?
This report was created for strategic planners, international marketing executives and import/export managers who are concerned with the market for live bovine animals in Burkina Faso. With the globalization of this market, managers can no longer be contented with a local view. Nor can managers be contented with out-of-date statistics which appear several years after the fact. I have developed a methodology, based on macroeconomic and trade models, to estimate the market for live bovine animals for those countries serving Burkina Faso via exports, or supplying from Burkina Faso via imports. It does so for the current year based on a variety of key historical indicators and econometric models.
In what follows, Chapter 2 begins by summarizing where Burkina Faso fits into the world market for imported and exported live bovine animals. The total level of imports and exports on a worldwide basis, and those for Burkina Faso in particular, is estimated using a model which aggregates across over 150 key country markets and projects these to the current year. From there, each country represents a percent of the world market. This market is served from a number of competitive countries of origin. Based on both demand- and supply-side dynamics, market shares by country of origin are then calculated across each country market destination. These shares lead to a volume of import and export values for each country and are aggregated to regional and world totals. In doing so, we are able to obtain maximum likelihood estimates of both the value of each market and the share that Burkina Faso is likely to receive this year. From these figures, rankings are calculated to allow managers to prioritize Burkina Faso compared to other major country markets. In this way, all the figures provided in this report are forecasts that can be combined with internal information sources for strategic planning purposes.
After the worldwide summary in Chapter 2 of both imports and exports of live bovine animals, Chapter 3 goes into detail on imports, but for each major country of origin serving Burkina Faso. A “major” market is defined as a country where Burkina Faso represents a substantially large share of either imports or exports. For each major country exporting to Burkina Faso, one can thus observe how important Burkina Faso is to that exporting country compared to other countries of the world. Chapter 4 does the same, but for exports of live bovine animals originating from Burkina Faso, for each major country of destination. In doing so, one can discover the share that Burkina Faso has in each major market; this share value is often used as a measure of competitiveness for Burkina Faso. In all cases, the total dollar volume and percentage share values by major trading partner are provided. Combined, Chapters 3 and 4 present a the total picture for imports and exports of live bovine animals to and from Burkina Faso to and from all other major countries in the world. "Live Bovine Animals" as a category is defined in this report following the definition given by the United Nations Statistics Division Classification Registry using the Standard International Trade Classification, Revision 3 (SITC, Rev. 3). The SITC code that defined "live bovine animals" is 0011 .
1 INTRODUCTION AND METHODOLOGY
2 BURKINA FASO AND THE WORLD MARKET
2.1 Imports in Burkina Faso in 2009
2.2 Exports from Burkina Faso in 2009
3 IMPORTS IN BURKINA FASO
4 EXPORTS FROM BURKINA FASO
5 DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS
5.1 Disclaimers & Safe Harbor
5.2 ICON Group Ltd. User Agreement Provisions