In this era of Globalization, it is important for any nation to be involved in global trade for national income composition. Given their rapid rate of urbanization and income growth, middle-income countries have become target markets for global trade. The changing consumer preferences are also evident in the year-round consumer demand for important products, which matches year-round availability with consumers willing to pay more for imported out-of-season products. While being an exporter, every country faces increasing competition from emerging markets as well as the existing competitors. To analyze the competition in the market, revealed comparative advantage is an index used in international economics for calculating the relative advantage or disadvantage of a certain country in a certain class of goods or services as evidenced by trade flows. 1 Predictive Demand in Major Market Major market for Groundnut, now the demand of these shortlisted markets has been calculated with the help of Forecast Modelling. Note: Impact of Pandemic (Covid-19) is not taken into account. Source:- Admin
