The 2011 Import and Export Market for Raw, Whole Mink Skins in Finland

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The 2011 Import and Export Market for Raw, Whole Mink Skins in Finland Powered By Docstoc
					  The 2011 Import and Export
  Market for Raw, Whole Mink
       Skins in Finland




                                         By
                         Professor Philip M. Parker, Ph. D.
                      Chaired Professor of Management Science
                    INSEAD (Singapore & Fontainebleau, France)




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                                About the Author
Dr. Philip M. Parker is the Eli Lilly Chaired Professor of Innovation, Business and Society at
INSEAD where he has taught courses on multivariate statistics and global competitive strategy
since 1988. He has also taught courses at MIT, Stanford University, Harvard University, UCLA,
UCSD, and the Hong Kong University of Science and Technology. He is the author of six books
on the economic convergence of nations. These books introduce the notion of “physioeconomics”
which foresees a lack of global convergence in economic behaviors due to physiological and
physiographic forces. His latest book is "Physioeconomics: The Basis for Long-Run Economic
Growth" (MIT Press 2000). He has also published numerous articles in academic journals,
including The Rand Journal of Economics, Marketing Science, the Journal of International
Business Studies, Technological Forecasting and Social Change, International Journal of
Forecasting, the European Management Journal, the European Journal of Operational
Research, Journal of Marketing, International Journal of Research in Marketing, and Journal of
Marketing Research. He is also on the editorial boards of several academic journals.

Dr. Parker received his Ph.D. in Business Economics from the Wharton School of the University
of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille)
and Managerial Economics (Wharton). His undergraduate degrees are in mathematics, biology
and economics (minor in aeronautical engineering). He has consulted and/or taught courses in
Africa, the Middle East, Asia, Latin America, North America and Europe.



                                 About this Series
This series was created for international firms who rely on foreign export markets for a
substantial portion of their business or who might be threatened by foreign trade competition.
The estimates given in this report were created using a methodology developed by and under the
direct supervision of Professor Philip M. Parker, the Eli Lilly Chaired Professor of Innovation,
Business and Society, at INSEAD. The methodology, relying on historical figures of economic
growth and trade flows, estimates the market shares of some 150 countries for over 500 industrial
or product categories. The figures should be seen as market estimates, as opposed to historical
records, as these are projected for the current year of trade.



                               Acknowledgements
Some of the methodologies and research approaches used in this report have benefited from the
R&D Committee at INSEAD, whose research support is gratefully acknowledged. Additional
editorial assistance from Tiffany LaRochelle, ICON Group International, Inc., is also
acknowledged.



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                                                       Contents        v


Table of Contents
1     INTRODUCTION AND METHODOLOGY                                 7
2     FINLAND AND THE WORLD MARKET                                 9
    2.1     Imports in Finland in 2011                             9
    2.2     Exports from Finland in 2011                          10
3     IMPORTS IN FINLAND                                          11
    3.1      Europe                                               11
       3.1.1   Belarus                                            11
       3.1.2   Belgium                                            11
       3.1.3   Czech Republic                                     11
       3.1.4   Denmark                                            12
       3.1.5   Estonia                                            12
       3.1.6   Germany                                            13
       3.1.7   Greece                                             13
       3.1.8   Iceland                                            13
       3.1.9   Ireland                                            14
       3.1.10 Italy                                               14
       3.1.11 Latvia                                              14
       3.1.12 Lithuania                                           15
       3.1.13 Norway                                              15
       3.1.14 Poland                                              15
       3.1.15 Portugal                                            16
       3.1.16 Russia                                              16
       3.1.17 Slovakia                                            16
       3.1.18 Spain                                               17
       3.1.19 Sweden                                              17
       3.1.20 the Netherlands                                     17
4     EXPORTS FROM FINLAND                                        18
    4.1      Asia                                                 18
       4.1.1   China                                              18
       4.1.2   Hong Kong                                          18
       4.1.3   Japan                                              19
       4.1.4   South Korea                                        19
    4.2      Europe                                               19
       4.2.1   Belarus                                            19
       4.2.2   Denmark                                            20
       4.2.3   Estonia                                            20
       4.2.4   France                                             21
       4.2.5   Germany                                            21
       4.2.6   Greece                                             22
       4.2.7   Italy                                              23
       4.2.8   Lithuania                                          23
       4.2.9   Russia                                             24
    4.3      North America & the Caribbean                        24
       4.3.1   Canada                                             24
       4.3.2   the United States                                  25
5     DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS      26
    5.1     Disclaimers & Safe Harbor                             26


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                                                        Raw, Whole Mink Skins in Finland       7


1      INTRODUCTION AND METHODOLOGY
On the demand side, exporters and strategic planners focusing on raw, whole mink skins in
Finland face a number of questions. Which countries are supplying raw, whole mink skins to
Finland? How important is Finland compared to others in terms of the entire global and regional
market? How much do the imports of raw, whole mink skins vary from one country of origin to
another in Finland? On the supply side, Finland also exports raw, whole mink skins. Which
countries receive the most exports from Finland? 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 raw, whole mink skins in Finland.
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 raw, whole mink skins for those countries serving Finland via exports, or
supplying from Finland 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 Finland fits into the world market for
imported and exported raw, whole mink skins. The total level of imports and exports on a
worldwide basis, and those for Finland 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 Finland is likely to receive this year. From these figures,
rankings are calculated to allow managers to prioritize Finland 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 raw, whole mink skins,
Chapter 3 goes into detail on imports, but for each major country of origin serving Finland. A
“major” market is defined as a country where Finland represents a substantially large share of
either imports or exports. For each major country exporting to Finland, one can thus observe how
important Finland is to that exporting country compared to other countries of the world. Chapter
4 does the same, but for exports of raw, whole mink skins originating from Finland, for each
major country of destination. In doing so, one can discover the share that Finland has in each
major market; this share value is often used as a measure of competitiveness for Finland. 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 raw, whole


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                                                           Raw, Whole Mink Skins in Finland         8

mink skins to and from Finland to and from all other major countries in the world. "Raw, Whole
Mink Skins" 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 "raw, whole mink skins" is
2121 . For more information on this definition, please refer to the following web site:
http://unstats.un.org/unsd/cr/registry/regcs.asp?Cl=14&Lg=1&Co=212 .

This report is updated on an annual basis. To ensure that you have the most current version,
please check the web site of ICON Group at www.icongrouponline.com.

Important Caveat. The figures should be seen as market estimates, as opposed to historical
records, as these are forecasted for the current year of trade. More importantly, in light of the fact
that unforeseeable factors might interrupt markets in achieving their reported levels, the figures
should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth
disease, trade embargoes, military conflicts, acts of terrorism and other events will certainly
affect the actual trade flows recorded for a variety of industry or product categories. In such
cases, the difference between the numbers given in this report and the numbers actually observed
might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting
regular trade flows that would have occurred had these events not have taken place.




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                                                             Raw, Whole Mink Skins in Finland           9


2       FINLAND AND THE WORLD MARKET
2.1         IMPORTS IN FINLAND IN 2011
                    Imported Raw, Whole Mink Skins in Finland, 2011
                              (Structure of Foreign Import Competition)

Country of Origin             Rank         Value (000 US$)              % Share        Cumulative %
_________________________________________________________________________________________________________
the Netherlands                   1                   60,201                23.62                 23.62
Poland                            2                   58,576                22.99                 46.61
Denmark                           3                   40,876                16.04                 62.65
Sweden                            4                   28,716                11.27                 73.92
Lithuania                         5                   13,162                 5.17                 79.09
Spain                             6                   11,674                 4.58                 83.67
Germany                           7                   10,274                 4.03                 87.70
Latvia                            8                    7,263                 2.85                 90.55
Ireland                           9                    6,348                 2.49                 93.04
Norway                           10                    4,529                 1.78                 94.82
Belarus                          11                    3,678                 1.44                 96.26
Estonia                          12                    2,985                 1.17                 97.43
Belgium                          13                    1,981                 0.78                 98.21
Russia                           14                    1,686                 0.66                 98.87
Greece                           15                    1,018                 0.40                 99.27
Czech Republic                   16                      719                 0.28                 99.55
Portugal                         17                      452                 0.18                 99.73
Italy                            18                      326                 0.13                 99.86
Iceland                          19                      288                 0.11                 99.97
Slovakia                         20                       71                 0.03                100.00
Total                                                254,823               100.00                100.00
_________________________________________________________________________________________________________
    Source: Philip M. PARKER, Professor, INSEAD, copyright 2011, www.icongrouponline.com




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                                                             Raw, Whole Mink Skins in Finland         10


2.2         EXPORTS FROM FINLAND IN 2011
                    Raw, Whole Mink Skins Exports from Finland, 2011
Country of Destination        Rank         Value (000 US$)              % Share        Cumulative %
_________________________________________________________________________________________________________
Hong Kong                         1                  105,765                42.68                 42.68
China                             2                   36,611                14.77                 57.45
Greece                            3                   34,676                13.99                 71.44
Denmark                           4                   31,012                12.51                 83.95
Italy                             5                   16,504                 6.66                 90.61
Estonia                           6                    7,810                 3.15                 93.76
Lithuania       
				
DOCUMENT INFO
Description: On the demand side, exporters and strategic planners focusing on raw, whole mink skins in Finland face a number of questions. Which countries are supplying raw, whole mink skins to Finland? How important is Finland compared to others in terms of the entire global and regional market? How much do the imports of raw, whole mink skins vary from one country of origin to another in Finland? On the supply side, Finland also exports raw, whole mink skins. Which countries receive the most exports from Finland? 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 raw, whole mink skins in Finland. 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 raw, whole mink skins for those countries serving Finland via exports, or supplying from Finland 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 Finland fits into the world market for imported and exported raw, whole mink skins. The total level of imports and exports on a worldwide basis, and those for Finland 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 share
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