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This report highlights the food processing industry, its drivers, key players, and market landscape in the Caribbean Basin. The region relies heavily on imports, and the United States is the largest supplier of food ingredients.

The Chilean food processing industry is a highly developed and competitive sector, playing a crucial role in the national economy.

In 2024, Spain imported $2.2 billion worth of agricultural, seafood and forest products from the United States. Following significant efforts to recover from the COVID-19 crisis, companies are once again facing a challenging environment that includes high production costs and economic and political uncertainties.

The Vietnamese food processing industry grew by 7.4 percent in 2024 to $79.3 billion and food ingredient demand is expected to remain strong.

Malaysia's food processing sector continues to be an attractive destination for U.S. food ingredients. Food and beverage manufacturing remain priority areas of economic growth for Malaysia and have boasted solid performance in the past several years.

Recovering from weather challenges in the first part of MY 24/25, Post forecasts MY 25/26 Malaysia palm oil production to increase to 18.5 million metric tons (MT).

In the marketing year (MY) 2025/2026, Mexico is forecast to increase its oilseed crush due to rising demand for vegetable oil and animal feed.

Vietnam’s soybean crushers are expanding capacity with new production lines coming online in the 2024/25 and 2025/26 marketing years.

In MY2025/2026, Taiwan’s wheat imports are forecast at 1.38 MMT supported by Taiwan consumers’ preference for more diverse food offerings including wheat-based products and a vibrant baking industry.

Taiwan’s soybean imports are forecast at 2.65 MMT for MY2024/2025 and MY2025/2026, a slight increase from the previous MY.

Türkiye’s cotton production in marketing year (MY) 2025/26 is forecast to decrease to 760,000 metric tons (MT; 3.6 million bales), based on the assumption that cotton prices will remain stagnant and orders to Turkish ready-to-wear apparel producers will remain lower than normal. Cotton farmers were unable to make adequate profits in recent MY's to cover rising input costs.

Facing dry growing conditions and slumping cotton prices, Turkish farmers are expected to switch from cotton to produce more sunflowerseeds and other row crops in marketing year (MY) 2025/26.