Publication - Research and analysis

Sheep and lamb processing: assessment

Published: 14 Nov 2019
Directorate:
Agriculture and Rural Economy Directorate
ISBN:
9781839603211

Research investigating the opportunities and challenges industry faces in retaining and increasing sheep and lamb processing in Scotland.

Sheep and lamb processing: assessment
Appendix 3 – Elasticities

Appendix 3 – Elasticities

Table 11 Estimated own-price, cross-price and income elasticities[62]

  Beef Lamb Pork Poultry Fish Other Income
Beef -0.17 0.60 0.34 -0.13 0.57 -0.13 0.56
Lamb 2.11 -3.47 0.63 -0.37 1.30 -0.90 1.52
Pork 0.96 0.51 -0.05 -0.13 0.57 -0.58 0.45
Poultry -0.15 -0.09 -0.06 -0.11 0.02 0.05 1.16
Fish 0.60 0.40 0.21 0.05 -0.19 -0.31 0.60
Other -0.19 -0.25 -0.23 0.04 -0.34 -0.09 1.64

Source: Own elaboration based on Kantar Worldpanel data


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