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Demographic Shifts and Potential Food Trade Impacts: A case of ASEAN food export

Author

Listed:
  • Wanissa Suanin
  • Panit Wattanakoon

    (Faculty of Economics, Thammasat University)

Abstract

Despite the declining fertility rates, demographic changes are anticipated to increase the world's population over the next several decades. Due to this shift, elderly people will outnumber younger ones. Because of age-related dietary preferences and food production efficiency, population demographics may have an impact on food trade patterns. The study uses structural gravity analysis to investigate the impact of demographic shifts on ASEAN food exports. The findings indicate that global population growth influences demand for ASEAN food exports. However, import demand is dwindling with age, particularly in developed countries and the European Union (EU). In contrast, the United States and China are prospective markets for ASEAN food exporters. These also apply to healthy food exports. A demographic shift toward an aging population also boosts ASEAN's export capacity.

Suggested Citation

  • Wanissa Suanin & Panit Wattanakoon, 2023. "Demographic Shifts and Potential Food Trade Impacts: A case of ASEAN food export," Discussion Papers 78, Thammasat University, Faculty of Economics, revised Oct 2023.
    • Handle: RePEc:tha:wpaper:78
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    File URL: https://www.econ.tu.ac.th/uploads/discussion_paper/file/20231030/agikmprwz127.pdf
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    More about this item

    Keywords

    Food trade; Healthy food; Demographic shifts; ASEAN;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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