Browse Data and Analysis

Early seasonal conditions for the MY 2024/25 citrus crop have been very favorable. Along with expansion in production area, growers anticipate an improvement in production and the prospect of high-quality fruit production. Orange production is expected to increase five percent to 545,000 metric tons (MT) from the prior’s year estimate, the highest over the last two decades.

Korean imports of cheese products continue to grow, seeing a five percent compound annual growth rate over the last five years. Mozzarella is the most imported cheese product and the United States is the leading supplier of cheese to Korea.

Korea’s beer imports reached $218 million in 2023, up 11.8 percent from $195 million in 2022, but still 30 percent down from the record high of $310 million in 2018. Although Korea’s beer imports have been decreasing since the pandemic, the United States increased exports of beer to Korea in 2023, reaching $17.9 million, up 43% from $12.5 million in 2022.

Egypt has released a pair of Government Decrees, several World Trade Organization notifications, and a revised Egyptian Standard in recent months on the shelf-life validity period for frozen beef liver and other products.

On December 16, 2024, the Government of Indonesia (GOI) announced the increase in value-added tax (VAT) from the current 11 percent to 12 percent on selected goods and services, effective January 1, 2025. In addition, a separate 12 percent luxury goods sales tax will newly be applied for luxury products intended for high-end Indonesian consumers (luxury VAT).

This biannual report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in dairy products.