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Mexico's Special Tax on Production and Services (IEPS) is applied to both domestically produced and imported alcoholic beverages.
Mexico's gross domestic product (GDP) surpassed $1.8 trillion in 2024. The economy continues to grow, and it is driven by population growth, consumer demand for convenience, premium, and health-conscious products.
South Africa’s dairy industry is likely to grow in the future due to improving economic factors, despite suffering from many weather and disease related challenges in the past five years. This growth may provide opportunities for dairy genetics exporters.
Wine grape production in 2025 is forecast to improve by five percent on favorable winter conditions, which will translate into a slight increase in wine production.
Mexico’s retail sector remains a dynamic industry with sales reaching $78.4 billion in 2023. Although the majority of consumers still turn to traditional markets, modern chains like Walmart and Soriana continue to attract middle and high-income consumers.
The five biggest corporations, Shoprite Holdings Ltd., Pick n Pay Retailers Pty Ltd., Spar Group Ltd., Walmart-owned Massmart, and Woolworths Holdings Ltd., account for a substantial portion of the retail food market in South Africa. When combined, they make up over 60% of all retail food sales.
Mexico’s milk, cheese, and butter production are forecast year on year growth of two percent in 2024. Dairy farmers are expected to mitigate the impacts of prolonged drought and heat conditions with previously stored forage, increased feed grain imports, and water storage mechanisms.
The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.
In 2023, Mexico imported $51 billion of food ingredient products, of which 63 percent were sourced from the United States. Mexico’s food processing industry is the second largest in Latin America, behind Brazil, making Mexico a top destination for U.S. food ingredients.
Milk, cheese, and butter production in 2024 are forecast to increase due to relatively lower input and dairy ingredient prices and strong domestic demand. Mexico is forecast to remain a net importer of skim milk powder due to competitive...
The South African retail food market is highly concentrated among the five largest companies, including Shoprite Holdings Ltd, Pick n Pay Retailers Pty Ltd, Spar Group Ltd, Massmart (Walmart-owned), and Woolworths Holdings Ltd.
Mexico, with its growing population, market-oriented agricultural and food sectors, and 2,000-mile land border with the United States, is the second-largest export market for U.S. agricultural products.