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The 2011 Import and Export Market for Bran, Sharps, and Other Residues Derived from Sifting, Milling or Other Working of Corn in Colombia
ICON Group International, May 2010, Pages: 12
On the demand side, exporters and strategic planners focusing on bran, sharps, and other residues derived from sifting, milling or other working of corn in Colombia face a number of questions. Which countries are supplying bran, sharps, and other residues derived from sifting, milling or other working of corn to Colombia? How important is Colombia compared to others in terms of the entire global and regional market? How much do the imports of bran, sharps, and other residues derived from sifting, milling or other working of corn vary from one country of origin to another in Colombia? On the supply side, Colombia also exports bran, sharps, and other residues derived from sifting, milling or other working of corn. Which countries receive the most exports from Colombia? 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 bran, sharps, and other residues derived from sifting, milling or other working of corn in Colombia. 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 Nor can managers be contented with out-of-date statistics which appear several years after the fact.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 bran, sharps, and other residues derived from sifting, milling or other working of corn for those countries serving Colombia via exports, or supplying from Colombia 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 Colombia fits into the world market for imported and exported bran, sharps, and other residues derived from sifting, milling or other working of corn. The total level of imports and exports on a worldwide basis, and those for Colombia 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 Colombia is likely to receive this year. From these figures, rankings are calculated to allow managers to prioritize Colombia 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 bran, sharps, and other residues derived from sifting, milling or other working of corn, Chapter 3 goes into detail on imports, but for each major country of origin serving Colombia. A “major” market is defined as a country where Colombia represents a substantially large share of either imports or exports. For each major country exporting to Colombia, one can thus observe how important Colombia is to that exporting country compared to other countries of the world. Chapter 4 does the same, but for exports of bran, sharps, and other residues derived from sifting, milling or other working of corn originating from Colombia, for each major country of destination. In doing so, one can discover the share that Colombia has in each major market; this share value is often used as a measure of competitiveness for Colombia. 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 bran, sharps, and other residues derived from sifting, milling or other working of corn to and from Colombia to and from all other major countries in the world. 'Bran, Sharps, and Other Residues Derived from Sifting, Milling or Other Working of Corn' 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 'bran, sharps, and other residues derived from sifting, milling or other working of corn' is 08124 .
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