Browse Data and Analysis

This report highlights the food processing industry, its drivers, key players, and market landscape in the Caribbean Basin. The region relies heavily on imports, and the United States is the largest supplier of food ingredients.

The United States is a major trading partner with the Dominican Republic (DR). The DR is the largest economy in the Caribbean and the seventh-largest economy in Latin America. Since the Dominican Republic-Central America Free Trade Agreement (CAFTA-DR) went into effect for the DR in 2007, U.S. agricultural exports to the DR have increased from $1 billion in 2007 to $2 billion in 2024.

After several years of dynamic growth, expansion in Austria’s organic market is slowing down. Organic sales increased slightly by quantity and stagnated by value in the first half of 2024.

This report outlines specific requirements for food and agricultural product imports into Austria. As a member of the European Union, Austria follows EU directives and regulations.

Austria as a member of the European Union (EU), applies EU regulations to the imports of agricultural products. U.S. export certification requirements for most products destined for the EU are harmonized.

The Caribbean Basin region has a robust and competitive hotel/restaurant/institutional (HRI) sector. Tourism is a major economic driver, accounting for nearly 9 million visitors in 2023, almost 50 percent of which arrived from the United States...

Austria continues to be one of the leading forces in Europe opposed to the use of agricultural biotechnology. Anti-biotech NGOs, who have a strong influence on Austrian consumers, farmer organizations, the food-processing sector, and the retail sector all campaign against genetically engineered agricultural and food products.

Access to the benefits of modern agricultural biotechnology in the Caribbean Basin remains stifled by the unfinished work of implementing a science-based, risk-management approach to regulate its use.

In the Caribbean region, sales value in the retail grocery sector increased by 3 percent in 2023. This is due in part to the rise in tourism in many markets, which is boosting economic growth. The largest grocery retail markets are Trinidad and Tobago, Guadeloupe, and the Bahamas.

As tourists flock back to the Caribbean in larger numbers and island economies regain their footing after being challenged by global inflation, competition, and other headwinds, opportunities for U.S. suppliers are slowly emerging. While hurdles remain present on the horizon, U.S. suppliers are finding resilient Caribbean buyers to be excellent partners on the road to commercial success.

In 2022, Austrian organic sales reached $2.94 billion, a new high, and remain at a high level in 2023. Despite a difficult market environment with high inflation and a significantly increased cost of living, organic sales increased by over five percent compared to 2021.

Demand for U.S. consumer-oriented products in the Caribbean region reached $1.5 billion in 2022, a 26 percent gain compared to the previous year.