Abstract
A Study of Economic Factors Affecting Thailand’s Frozen Shrimp Export Volume to the United States and Japan which hypothesized that there are economic factors that affect the quantity of frozen shrimp exports from Thailand to the United States, namely the Manufacturing Production Index classified by production activity, Frozen Seafood (MPI), Domestic Wholesale Shrimp Price (PRIshrimp), United States Gross Domestic Product (GDPU.S.A.), Per Capita Income of US Population (PCIU.S.A.), Rate Of Change In Private Consumption And Consumption Expenditures Of The US Private Sector (PCEU.S.A.) and assumed that there are economic factors affecting the quantity of frozen shrimp exports to Japan, namely the Manufacturing Production Index classified by production activity, Frozen Seafood Category (MPI), Domestic Wholesale Shrimp Price (PRIshrimp) , Japan Gross Domestic Product (GDPJapan), Per Capita Income Of Japanese Population (PCIJapan), Rate Of Change In Private Consumption And Consumption Expenditures Of The Japanese Private Sector (PCEJapan) which are consistent with the research of Pathumnakul, S., Khamjan, S., & Piewthongngam, K. (2007). Will use secondary data by collecting data on a monthly basis from January 2017 to December 2019 with the analysis of complex regression equations. By the least-squares estimation method, the study found that the economic factors affecting frozen shrimp export volume of Thailand to the United States in the same direction are manufacturing production index classified by production activity, frozen seafood category, wholesale shrimp prices in the country, the gross domestic product of USA, income per capita of the United States population and rate of change in US private consumption expenditure has no effect on the export volume of frozen shrimp from Thailand to the United States. For economic factors affecting the frozen shrimp export volume of Thailand to Japan in the same direction is statistically significant, the manufacturing production index classified by production activity, frozen seafood category, wholesale shrimp prices in the country, the gross domestic product of Japan, income per capita of the Japanese population and the rate of change in Japanese private consumption expenditure has no effect on the export volume of frozen shrimp from Thailand to Japan. Keywords: economic factors, frozen shrimp, export volume.
Highlights
Considering the export of processed shrimp over a 3-year period, the expansion of processed shrimp exports is increasing every year, which was consistent with the research of Thai processed shrimp export markets, Information and Communication Technology Center (2017) which in 2017 has an export value of just 1.28 hundred billion baht. 2 years ago in 2019, Thailand had exports totaling 1.38 hundred billion baht, the major processed shrimp export market of Thailand found that the United States imported processed shrimp as number 1 with an average import value of 6.2 ten billion baht for the second largest import of processed shrimp from Thailand is Japan, with an average import value of 2.3 ten billion baht (Table 1)
The variables in the equation can explain the economic factors that affect the quantity of frozen shrimp exports of Thailand to the United States by 86.1919% while the other 13.8081% comes from other factors with 1 significant variables, namely the manufacturing production index classified by production activity, frozen seafood (MPI) while the variables which had no significant effect on the quantity of frozen shrimp exports from Thailand to the United States had 4 variables: 1. Price Domestic Wholesale Shrimp (PRIShrimp) 2
The independent variables were manufacturing production index classified by production activity, frozen seafood (MPI), average wholesale shrimp prices in Thailand (PRIShrimp), Average Japanese Gross Domestic Product (GDPJapan), Per capita Income of Japanese Population (PCIJapan), Exchange rate of Japanese Private Consumption Expenditure (PCEJapan)
Summary
Considering the export of processed shrimp over a 3-year period, the expansion of processed shrimp exports is increasing every year, which was consistent with the research of Thai processed shrimp export markets, Information and Communication Technology Center (2017) which in 2017 has an export value of just 1.28 hundred billion baht. 2 years ago in 2019, Thailand had exports totaling 1.38 hundred billion baht, the major processed shrimp export market of Thailand found that the United States imported processed shrimp as number 1 with an average import value of 6.2 ten billion baht for the second largest import of processed shrimp from Thailand is Japan, with an average import value of 2.3 ten billion baht (Table 1). The expansion of the processed shrimp industry in Thailand has continued It is the result of a wide variety of raw material advantages and enough for the market demand both in the country and abroad. The researcher is interested to study the economic factors affecting the quantity of frozen shrimp exports of Thailand to the United States and Japan. “GDP of the United States and Japan” refers to household consumption indicates a household's affordability, with high PCE numbers indicating the growing economic climate of the United States and Japan. “Rate of change in private consumption expenditures of the United States and Japan” refers to household consumption expenditure indicates household expenditure, with high PCE numbers indicating growing economic conditions for the United States and Japan
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