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Pakistan’s Marketing Year (MY) (October/September) 2021/22 edible oil imports are anticipated to be a record 3.7 million metric tons (MMT), up five percent over the previous year to meet increased demand.
Brazil continues to present opportunities for U.S. exporters of ingredients, with its food processing industry market estimated in 2020 at $152 billion, an increase of 12.7 percent compared to the previous year.
As of September 2020, the Dominican Republic’s food processing industry was valued at $2.5 billion, with an additional $0.7 billion for processed beverages and other products during the same period.
El Salvador has been dependent on food imports for many years, and food ingredients are no exception.
Guatemala is one of the top food processing countries in Central America. U.S. suppliers have a good opportunity to export bulk commodities and raw materials for further processing in Guatemala’s food industry.
In 2020, Japan’s food processing industry manufactured $218.3 billion of food and beverage products, down 1.1 percent from $220.8 billion in 2019.
In 2020, the United States exported $1.6 billion worth of agricultural, seafood and forest products to Spain.
The food and beverage industry is among the fast-growing industries in Thailand and is the country’s third largest industry, contributing 21 percent to the country’s Gross Domestic Product (GDP).
Vietnam imported $13.1 billion in consumer-oriented products in 2020. A young population, growing middle class and rapid urbanization are driving increased demand in the food and beverage sector.
Cotton production in Australia is set to climb to 3.9 million bales in marketing year (MY) 2021/22, 50 percent higher than the estimated MY 2020/21 result and 15 percent above the previous 10-year average.
For 2021/22, Post forecasts cotton planted area to rebound 11 percent compared to the current season, to 1.6 million hectares.
This report outlines the Philippine government’s required documents of the United States in order to facilitate the importation of U.S. food and agricultural products.