Naslov
Sectoral analysis of the profitability and import component contribution within the value chain in Croatia
(Sectoral analysis of the profitability and import component contribution within the value chain in Croatia)

Autori
Karić, Darko ; Pavić, Ivana ; Rep, Ana

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of FEB Zagreb 12th International Odyssey Conference on Economics and Business / Nančinović Braje, Ivana ; Jaković, Božidar ; Ferjanić Hodak, Danijela - Zagreb : Ekonomski fakultet Sveučilišta u Zagrebu, 2021, 71-90

Skup
12th FEB Zagreb International Odyssey Conference on Economics and Business

Mjesto i datum
Šibenik, Hrvatska; online, 09.06.2021. - 12.06.2021

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
value chain ; import component ; sectoral profitability ; agriculture ; manufacturing ; retail trade

Sažetak
The import has been increasing over the recent years in Croatia. That includes final products but also semi-products, which serve as an intermediary in the production of the final product. Croatia’s accession to the EU in 2013 greatly facilitated the exchange of goods, which move freely within the EU. The question arising is whether it threatens Croatian producers, particularly the agriculture and manufacturing sector since they compete with foreign producers who may offer a lower price. This research aims to examine the share of the import component in the production of the final product and its participation in the purchase value of the product sold. The analysis has been performed at the aggregate sectoral and sub-sectoral level from 2014 to 2019. In addition, the data of the ten largest companies, ranked according to the value of operating income from 2019, from each observed sector have been used. From the perspective of the sectors, agriculture (NACE A and subsector A01), manufacturing (NACE C and subsectors C10 and C11), and trade (NACE G and subsector G47.1) have been analysed. The cross- sectoral relationship of these sectors is the backbone of economic trends so these sectors have been taken into research. Therefore, the authors sought to prove that the trend of the import component is more ubiquitous in the Croatian economy, both at the level of the observing industry (A01, C10 and C11) and in retail trade (G47.1). On the one hand, the share of the import component in the creation of the final product in the manufacturing industry has been investigated, while on the other hand the sales channel that directs these products to the final consumer has been investigated too. The results show that, due to the growing pressure of import inflation, domestic producers are forced to lower the price of the final product to remain competitive in the domicile market. That can be observed from the share of the imported component in the final product, both at the suppliers (manufacturers) and the retailers, but also from the fact that the retail trade profitability measured by the operating profit margin has been increasing at the highest rates among other observed sectors.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA