Analysis of the Current Performance of Meat Processing Industry in Ukraine
In the conditions of market economy, characterized by fierce competition and high requirements to end products, a comprehensive analysis of the current performance of the meat-processing industry becomes increasingly important. The effective operation of any industry largely depends on proper analys...
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| Format: | Article |
| Language: | English |
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State Statistics Service of Ukraine, the National Academy of Statistics, Accounting and Audit (NASAA), the National Academy for Public Administration (NAPA) under the President of Ukraine
2016-03-01
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| Series: | Статистика України |
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| Online Access: | https://su-journal.com.ua/index.php/journal/article/view/67 |
| Summary: | In the conditions of market economy, characterized by fierce competition and high requirements to end products, a comprehensive analysis of the current performance of the meat-processing industry becomes increasingly important. The effective operation of any industry largely depends on proper analysis of change in its internal and external environment. Analysis of the current performance of meat processing enterprises in Ukraine has essential importance for setting up priority measures for further enhancement of the industry performance and elaboration of comprehensive recommendations which, once implemented, can improve the industry performance.
The meat processing industry has always been an essential component in the Ukrainian food industry. Because the meat processing industry is the basis of food security of the country, its condition and performance requires constant monitoring and analysis to ensure timely identification, elimination or prevention of the crisis trends. The above said shows that the analysis of the current performance of the meat processing industry in Ukraine, being very important from scientific point of view, requires further studies.
The purpose of this paper is to undertake a detailed and comprehensive analysis of the current performance of the meat processing industry, to identify key issues based on industry characteristics. A priority of this article is to provide basic recommendations for further improvement of the domestic meat industry.
A detailed analysis of the current performance of the meat-processing industry in Ukraine allows for identifying key problems faced by business entities: crisis situation with industry resources; dependence of the industry on the purchasing power of the population; macroeconomic situation in the country; modification of the trends in demand for meat products.
The paper suggests recommendations aimed at improving the performance of the meat industry in Ukraine: improvement of preferential taxation and crediting of agricultural and meat-processing enterprises; increasing the capacity of resource suppliers; protectionist policies for domestic producers; creation of vertically integrated business associations; increasing the output with strengthening the export capacity.
Implementation of the proposed recommendations, apart from effective utilization of the production capacities, will allow the meat processing industry to maintain its market share and expand some of its segments, through the continuous search for and realization of the revealed reserves given limited resources and the influence of environmental factors. |
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| ISSN: | 2519-1853 2519-1861 |