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Vietnam’s food processing and manufacturing sector grew by 8.8 percent in 2022 versus 2021, while food retail revenue increased by 10 percent.
In 2022, Taiwan imported record-high US$4.4 billion agricultural products from the US. Yet, due to COVID variants, the Russian invasion of Ukraine, labor shortage, and inflation issues, Taiwan's nominal Gross Domestic Product (GDP) decreased 0.17 percent at $774.7 billion.
Australia has proven to be an appealing and profitable market for U.S. companies for many years. Apart from an extremely strict quarantine regime, it offers few barriers to entry, a familiar legal and corporate framework, and a sophisticated and straightforward business culture.
Despite being a small country, New Zealand is a major exporter of food and beverage products, and many of these products are manufactured in-country requiring inputs imported from other suppliers.
The People’s Republic of China (PRC) is an increasingly important market for the United States pet food and related products industry.