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Attaché Report (GAIN)

Taiwan: Dairy and Products Annual

Taiwan MY 2023 fluid milk production is forecast to increase to 465,000 MT. During the supply chain disruptions resulting from the COVID-19 pandemic, milk imports declined by 17 percent in MY 2021, pushing local producers to exceed production expectations to meet high demand.
Taiwan’s GDP per capita is expected to surpass Japan and Korea, making its consumers with the strongest spending power in Eastern Asia. At the same time, demand for international sweets and snacks are growing as consumers compensate for not being able to travel abroad. ATO-Taipei conducted retail research on popular products and origins to show market opportunities and preferences.
International Agricultural Trade Report

United States Agricultural Exports to Taiwan Remain Promising

Taiwan is the seventh-largest market for U.S. agricultural exports. Taiwan has vibrant urban communities and a highly developed e-commerce industry that provides convenience for customers, all which support Taiwan’s continued demand for safe and high-quality food products. In addition, evolving consumption trends suggest customers are increasingly looking for western-style food options that cannot be locally sourced. Since domestic food production alone cannot match increased food demand, agricultural imports will continue to play an important role in Taiwan’s retail food economy. While trade barriers exist and competition intensifies, opportunities to increase U.S. agricultural exports remain promising.
Taiwan is going through an unprecedented phase of high-end wine consumption growth, placing the United States as the second largest foreign supplier by value. Being the U.S. wine’s sixth largest valuable Asian market, Taiwan achieved its outsized impact for purchasing high-end U.S. wine.
Attaché Report (GAIN)

Taiwan: Retail Foods

Retail food outlets in Taiwan are comprised of convenience stores, supermarkets, and hypermarkets, which generated $32.4 billion worth of sales in 2021, a 2.2 percent growth from 2020. The United States continues to be the leading supplier of consumer-oriented food and agricultural products to Taiwan with popular products such as beef and fresh fruit taking over 30 percent of total market share.
Attaché Report (GAIN)

South Korea: Retail Foods

The United States is the leading supplier of imported consumer-oriented agricultural products to the Korean retail industry, shipping a record $6.2 billion in 2021. The outlook for U.S. products in the Korean retail industry is excellent for a wide range of products, including beef, pork, processed meat, vegetables, fruits, nuts, dairy products, juices and soft drinks, alcoholic beverages, condiments and sauces, processed organic foods, coffee, bakery products, snacks and confectioneries.
Data Product

2021 Agricultural Export Yearbook

The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
Attaché Report (GAIN)

South Korea: Food Processing Ingredients

Korea has a strong food processing industry that manufactures a wide variety of food and beverage products. It also relies heavily on imports to fulfill its food and agricultural needs.
Attaché Report (GAIN)

Taiwan: Food Processing Ingredients

Taiwan's economy is booming with the GDP forecasted to increase 4.42 percent in 2022. In 2021, Taiwan imported $3.93 billion worth of agricultural and food products from the US, making it the 6th largest market for U.S. agricultural products.
The Republic of Korea (Korea) is a developed Asian country with a global presence in high-tech, automobile, and electronics industries. Korea is an industrial powerhouse with a skilled labor force.
Attaché Report (GAIN)

South Korea: Retail Foods

The outlook for U.S. products in the Korean retail industry is excellent for a wide range of products.
Attaché Report (GAIN)

Taiwan: Retail Foods

Taiwan’s retail food sector is becoming increasingly competitive and chain operators such as Costco, 7-Eleven, PX Mart, and Carrefour continue to dominate Taiwan’s food retail market. The United States is the leading supplier of many consumer...