An Application of Markov Chain Analysis to Study the Indian Cocoa Products Export Performance
Abhilash, Satishkumar M, Amrutha T Joshi, Manoj Kumar G, B S Reddy
Advances in Research · pp. 259–265 · Published 24 Apr 2024
10.9734/air/2024/v25i31070Abstract
The paper attempts to quantify the changing structure of Indian cocoa product exports. Data for analysis was considered for a period of 10 years from 2013-14 to 2022-23. The growth rates of exports of Indian cocoa products to Nigeria, Indonesia, USA, UAE, The Netherlands and other countries have shown a positive trend. The Markov chain analysis was attempted through the linear programming method to assess the transition probabilities for the major cocoa markets. The results revealed that Nigeria, Nepal, UAE and other countries were stable markets for Indian cocoa export products. Whereas, Indonesia and The Netherlands were the least stable markets based on the magnitude of transition probabilities. The export share predictions for 2025-26 behaved stagnant while also increasing slightly for major destinations.
References (10)
- 1 Analyzing and Designing Business Processes in the Ghana Cocoa Supply Chain for Supporting Inclusiveness [DOI]
- 2 Growth, Export Performance and Competitiveness of Basmati and Non-Basmati Rice of India-an Markov Chain Approach [DOI]
- 3 Stability Analysis of Indian Spices Export – A Markov Chain Approach [DOI]
- 4 An Application of Markov Chain Model to Study on Trade Direction of Export of FCV Tobacco from India [DOI]
- 5 An Analysis of Indian Sugar Exports: Markov Chain Approach [DOI]
- 6 Cocoa Products Exports of India:A Markov Chain Analysis
- 7 European Online Journal of Natural and Social Sciences
- 8 International Journal of Agriculture Sciences [DOI]
- 9 International Journal of Agriculture Environment and Biotechnology [DOI]
- 10 Journal of Scientific Research and Reports [DOI]
Cited by 3
Jean Michell Carrión-Mezones, Francisco Eduardo Cúneo-Fernández, Rogger Orlando Morán-Santamaría · Sustainability · 2026
Folasade Ayooluwa Asamu, F. Sowunmi, Olufunmi Adesanya · 2025
Showing 2 of 3 known citations — external sources report more than can currently be individually listed.
Related research
- Lactobacilli Cultures against Ochratoxin A Producing Moulds Isolated from Cocoa in the South West Region of Cameroon — shares topic coverage
- Mycorrhizal Interaction between Companion Trees and Cocoa Trees (Theobroma cacao L.) in Traditional Agroforestry Systems in Côte d’Ivoire — shares topic coverage
- Nutritional Composition and Sensory Evaluation of Malted Sorghum (Sorghum bicolour) Beverage Fortified with Cocoa (Theobroma cacao) — shares topic coverage
- Perceived Climate Resilience and Adoption of Cocoa Agroforestry in the Forest-Savannah Transition Zone of Ghana — shares topic coverage
- Above Ground Biomass and Carbon Stock in Some Perennial Crop Based Agroforestry Systems in the Humid Forest Zone of Cameroon — shares topic coverage
Article metrics
Real usage data collected on this platform.
42
Page views
0
PDF downloads
13
Outbound clicks
3
Citations
Views over time
Views by country
Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".
Traffic sources
Referring site, by host.
Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.