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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.
Taiwan imported over a billion dollars of U.S. genetically engineered (GE) crops in 2017, accounting for over a third of total U.S. agricultural exports to the island.
Abundant local fruit harvests drove down fruit prices and reduced demand for apples and other imported fruit in the first half of 2018.
Taiwan has a very dynamic food service industry exemplified by this year’s release of the first Michelin guide for Taipei.
On October 9, Taiwan completed a Simultaneous-Buy and Sell (SBS) tender for 3,000 tons of U.Sorigin rice at $162 per ton for delivery by April 30, 2019.
Taiwan milk consumption continues to grow due to strong liquid milk demand.
Taiwan’s retail food sector is becoming increasingly competitive and chain operators, such as Costco, 7-Eleven, PX Mart, Carrefour, and Wellcome, continue to dominate Taiwan’s food retail market.
On September 27, 2018, Taiwan completed a normal rice tender for 6,000 tons of U.S-origin milled medium/short grain rice at $717.65 per ton for delivery in 2019.
Taiwan is the seventh largest market for U.S. food and agricultural product exports.
Taiwan is the third largest export market for U.S. peaches and nectarines and the fifth largest export market for U.S. cherries.