INTENSITY OF INTERNATIONALIZATION OF FOOD INDUSTRY SECTORS AND THEIR ECONOMIC AND FINANCIAL RESULTS

Abstract

The aim of the article is to determine the relationship between the level of internationalization of food industry sectors and their economic and financial results. Unpublished CSO data for the years 2000-2017 were used. The data concerned the processing of fish, milk, meat, fruit and vegetables, beverage production, bakery and flour products, oils and fats, grain mill products, starches and starch products, ready-made feed and animal feed. To conduct the analysis, the internationalization intensity index calculated for individual food sectors was used. The analyzed sectors of the food industry were divided into 3 groups according to the intensity of internationalization. The most internationalized sectors were fish processing and the production of tobacco products, and the least internationalized sectors were milk and meat processing. In the next step, selected groups were compared in terms of economic and financial indicators. In order to confirm the statistical significance of the diagnosed differences, the Kruskal-Wallis rank sum test was used. The research confirmed that the increase in the internationalization of the food industry sectors mainly affects indicators related to the labor factor, technical progress and asset productivity.

Keywords

• internationalization
• economic and financial results
• food industry
• markets
• Poland