Browse Data and Analysis

A large portion of Australia’s winter cropping area is well-positioned, heading into the forecast year. In New South Wales, Queensland, and Western Australia, early seasonal conditions are favorable, indicating potential for strong wheat and barley production.

Australia’s sugar production is forecast to decline to 3.8 million metric tons (MMT) in marketing year (MY) 2025/26, down from an estimated 3.85 MMT in MY 2024/25, marking the lowest level of production in over a decade.

In 2024, Taiwan's pet food market saw significant activity, with total imports reaching a record high of $276.8 million. Thailand continued to be the largest supplier of pet food to Taiwan, followed by the United States, South Korea, Canada, and Japan.

In MY2025/2026, Taiwan’s wheat imports are forecast at 1.38 MMT supported by Taiwan consumers’ preference for more diverse food offerings including wheat-based products and a vibrant baking industry.

Taiwan’s soybean imports are forecast at 2.65 MMT for MY2024/2025 and MY2025/2026, a slight increase from the previous MY.

Australian oilseed production, dominated by canola, is expected to be strong for the fifth consecutive season during the marketing year (MY) 2025/26.

After four successive years of big cotton crop production in Australia, the forecast for marketing year (MY) 2025/26 falls to 4.1 million bales, 13 percent above the previous 10-year average.

Australia's 2025 Federal Budget allocates significant funds to support and grow the agriculture, fisheries, and forestry sectors, with measures focused on climate resilience, trade, and food security, including funding for drought preparedness, emissions reduction, and market access.

In 2024, Taiwan imported US$3.8 billion agricultural products from the US, which accounted for 24.81 percent of the island’s total import value.

Australian beef production and exports are forecast to reach record levels in 2025, building on the record export results achieved in 2024. This situation is similar to 2014 and 2015, when strong U.S. demand was driven by herd rebuilding leading to similar peaks in beef production and exports for Australia.

The United States holds 66 percent of Taiwan’s tree nut market, with 2024 imports rising 19 percent to nearly 13,000 metric tons, valued at USD 76 million.

A major driver of Australia's manufacturing sector is its food, beverage, and grocery industries, which account for a third of all activity. Recent growth has been strong, with an 11% increase in turnover to US$107 billion in 2022-23.