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The COVID-19 pandemic boosted organic food sales in the EU, enabling it to overtake the U.S. market in 2021. However, spiraling inflation combined with high food and energy prices will likely reduce organic food sales in most EU markets in 2022.
With one of the highest dog and cat ownership rates in Asia, the Philippines presents a growing opportunity for U.S. pet food. As pets became more popular household companions, especially during the pandemic, pet ownership and pet food sales have grown immensely over the past five years.
Australia is set for a third consecutive record grain crop, and strong exports. Wheat production is estimated to have reached a record 37 million metric tons (MMT) in marketing year (MY) 2022/23, while barley is estimated to achieve 13.5 MMT of production, the fourth largest on record.
This exporter guide provides an economic overview of the Finnish food industry, and provides exporters who are interested in entering the Finnish market with background information on the current trends and demands of the Finnish market.
The Philippine government is currently studying higher ethanol blends in gasoline on a voluntary basis up to 20 percent (beyond the 10 percent mandate).
German food culture is changing. The number of vegans is growing, and more than half of the population wants to reduce meat consumption, considering themselves flexitarian.
The Czech Republic is home to 10.7 million consumers and is a great market for companies looking to expand beyond traditional markets in western Europe to the emerging markets in the east. This Exporter Guide provides an economic and market overview...
Turkey’s production of wheat, corn, barley and rice in MY 2022/23 are all forecast higher compared to the previous year.
Corn production in MY2022/23 is revised up slightly based on National Bureau of Statistics data indicating a better harvest in the North China Plain which more than offset smaller yields in the northeast.
Indonesian cotton imports in 2021/22 increased by 11.7 percent to 2.57 million bales due to increased economic activity following relaxed COVID-19 restrictions. However, due to the global economic slowdown leading to lower demand for Indonesian textiles and products, cotton imports in 2022/23 are forecast to slightly decline to 2.50 million bales.
As of January 1, 2023, Spain implemented a special tax on non-reusable plastic packaging that also applies to imported food products. For imports, payment of the tax is the responsibility of the importer, although third country manufacturers must provide their Spanish buyers with information regarding the amount of non-recyclable plastic packaging used in their products’ packaging.
Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: Hong Kong’s International Wine & Spirits Fair Returns; 2023 Economic Turnaround Predicted for Hong Kong; Hongkongers Optimistic About Household Finances But May Still Cut Back Spending