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Market structure of Malaysian palm oil refining industry

Palm oil refining industry has become one of the most important industries in Malaysia since 1960s. In the second quarter of 2018, total production and total exports of Malaysian palm oil products recorded low-single digit drop, despite an encouraging recovery in production in 2017. It is worrying t...

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Autores Principales: Choo, Sze Yi, Radam, Alias, Hassan, Azman, Shamsudin, Mad Nasir
Formato: Artículo
Lenguaje:English
Publicado: Asian Academy of Management and Penerbit Universiti Sains Malaysia 2018
Acceso en línea:http://psasir.upm.edu.my/id/eprint/69825/1/Market%20structure%20of%20Malaysian%20palm%20oil%20refining%20industry.pdf
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spelling oai:psasir.upm.edu.my:69825 http://psasir.upm.edu.my/id/eprint/69825/ Market structure of Malaysian palm oil refining industry Choo, Sze Yi Radam, Alias Hassan, Azman Shamsudin, Mad Nasir Palm oil refining industry has become one of the most important industries in Malaysia since 1960s. In the second quarter of 2018, total production and total exports of Malaysian palm oil products recorded low-single digit drop, despite an encouraging recovery in production in 2017. It is worrying to note the declining trend of utilisation rate of these refineries over the years signifying the loss of market share of these refineries in the global market. This study aims to focus on determining the structure of the industry using six concentration indicators namely Herfindahl-Hirschman index (HHI), concentration ratio (CR), entropy index (EI), relative entropy (RE), Hannah and Kay index (HKI), and the Gini coefficient (GINI). The results obtained indicate that the industry is an oligopoly with apparent shift from a highly indexed oligopoly to a lower indexed oligopoly during the studied period. The results further affirmed the concern raised in this study that the domestic palm oil refining industry has lost its market share and position in the international market. Asian Academy of Management and Penerbit Universiti Sains Malaysia 2018 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/69825/1/Market%20structure%20of%20Malaysian%20palm%20oil%20refining%20industry.pdf Choo, Sze Yi and Radam, Alias and Hassan, Azman and Shamsudin, Mad Nasir (2018) Market structure of Malaysian palm oil refining industry. Asian Academy of Management Journal, 23 (2). pp. 125-141. ISSN 1394-2603; ESSN: 2180-4184 http://web.usm.my/aamj/23-2-2018.html 10.21315/aamj2018.23.2.6
institution UPM IR
collection UPM IR
language English
description Palm oil refining industry has become one of the most important industries in Malaysia since 1960s. In the second quarter of 2018, total production and total exports of Malaysian palm oil products recorded low-single digit drop, despite an encouraging recovery in production in 2017. It is worrying to note the declining trend of utilisation rate of these refineries over the years signifying the loss of market share of these refineries in the global market. This study aims to focus on determining the structure of the industry using six concentration indicators namely Herfindahl-Hirschman index (HHI), concentration ratio (CR), entropy index (EI), relative entropy (RE), Hannah and Kay index (HKI), and the Gini coefficient (GINI). The results obtained indicate that the industry is an oligopoly with apparent shift from a highly indexed oligopoly to a lower indexed oligopoly during the studied period. The results further affirmed the concern raised in this study that the domestic palm oil refining industry has lost its market share and position in the international market.
format Article
author Choo, Sze Yi
Radam, Alias
Hassan, Azman
Shamsudin, Mad Nasir
spellingShingle Choo, Sze Yi
Radam, Alias
Hassan, Azman
Shamsudin, Mad Nasir
Market structure of Malaysian palm oil refining industry
author_facet Choo, Sze Yi
Radam, Alias
Hassan, Azman
Shamsudin, Mad Nasir
author_sort Choo, Sze Yi
title Market structure of Malaysian palm oil refining industry
title_short Market structure of Malaysian palm oil refining industry
title_full Market structure of Malaysian palm oil refining industry
title_fullStr Market structure of Malaysian palm oil refining industry
title_full_unstemmed Market structure of Malaysian palm oil refining industry
title_sort market structure of malaysian palm oil refining industry
publisher Asian Academy of Management and Penerbit Universiti Sains Malaysia
publishDate 2018
url http://psasir.upm.edu.my/id/eprint/69825/1/Market%20structure%20of%20Malaysian%20palm%20oil%20refining%20industry.pdf
_version_ 1819298828858163200
score 13.4562235

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