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Taiwan aims to expand use of renewable energy to 20 percent by 2025. Developing renewable energy is the most important implementation component to reach the goal and wood pellets is a green energy resource option being considered by Taiwan.
In MY 2023, Taiwan’s liquid milk production is estimated to reach 474,000 tons and is forecast to see a slight increase in MY 2024. However, the long-term liquid milk outlook is complex and subject to unstable dynamics due to New Zealand dairy products soon to have unlimited tariff-free access to the Taiwan market in 2025.
On August 1, 2023, Taiwan’s Council of Agriculture (COA) was transformed into the Ministry of Agriculture (MOA). MOA’s total workforce plans to increase from about 4,770 to 5,300 staff, and the administrative budget is expected to rise by TWD 8.3 billion (USD $260 million) to a total annual budget of TWD 158.9 billion (USD $5 billion).
Taiwan's HRI industry has fully bounced back with 2022 revenue surpassing pre-pandemic records. The market has a westernized palate with a high per capita GDP of US$33,004, showing that consumers are not only willing but also more than capable of trying foreign cuisines.
Uruguayan beef exports in 2024 are forecast slightly up at 467,000 tons carcass weight equivalent as a result of a projected larger beef output with a marginal increase in the domestic demand.
In 2022, Taiwan imported US$ 279.1 million of coffee, an increase of 35.2 percent. It has one of the highest densities of coffee shops in the world.
In MY2022/2023, Taiwan’s total cherry consumption, which is based entirely on imports, dropped to just over 12,000 MT due to extremely tight supply of U.S. cherries.
Taiwan has temporarily revised its quarantine requirements to curtail disease-zone restrictions for imported eggs and egg products.
Taiwan has completed implementing new certification requirements for imported meat products. The changes occurred in two phases: 1) October 1, 2022 was the effective date for new certification requirements for livestock and poultry; 2) July 1, 2023 was the effective date for canned meat products.
Retail food outlets in Taiwan are comprised of convenience stores, supermarkets, and hypermarkets, which generated $32.8 billion worth of sales in 2022, a 4.57 percent growth from 2021.
In 2022, the United States moved up to become the number one market for Taiwan’s agricultural and related exports. However, Taiwan’s exports to the United States, valued at $955 million, did not change substantially from the previous year.
With Taiwan’s Organic Agriculture Promotion Act in effect since 2019, the industry has been phasing in an expanded universe of organics. More clean label products and upcoming third-party certified quasi-organics are sharing shelf space with certified organics.