Browse Data and Analysis

Sales in Japan’s frozen food market have been increasing year by year, reaching a record high in 2023.

On May 8-9, 2025, FAS Jakarta and U.S. Embassy Dili led the first agricultural trade delegation of U.S. industry groups in Timor-Leste. The delegation met with senior government officials, importers, and private industry to explore opportunities for U.S. commodities.

New Zealand fluid milk production is estimated at 21.7 million metric tons (MMT) for the 2025 market year (MY). This is slightly above the previous 5-year average of 21.6 MMT and a slight increase compared to MY 2024.

Australia’s milk production in 2025 is estimated to decline to 8.6 million metric tons (MMT), following a significant 2.3 percent increase in 2024. The growth experienced in 2024 has stalled, primarily due to very dry conditions across southwest Victoria and South Australia.

China’s beverage market surpassed $170 billion in 2024, reflecting a year-on-year growth rate of over six percent. The category includes non-alcoholic beverages, ranging from bottled water, juices, and carbonated drinks to tea and functional beverages.

In 2024, Taiwan was the eighth-largest market for U.S. agricultural exports, valued at $3.8 billion, 16 percent greater than 5 years ago. The top five U.S. agricultural exports to Taiwan are beef and beef products, soybeans, corn, wheat, and fresh fruits.

The 2024 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2024 calendar year.

In March 2025, ATO Tokyo organized a USA Pavilion at FOODEX Japan, one of the largest international trade-only food shows in Asia that provides a strong venue for U.S. food companies to find importers and increase distribution in Japan and other Asian markets.

In March 2025, the Agricultural Trade Office (ATO) in Shanghai hosted a USA Pavilion at Food Ingredients China (FIC), a USDA-endorsed trade show.

South Korea’s whiskey imports experienced a compound annual growth rate (CAGR) of 17.1% in value from 2020 to 2024, totaling $249 million.

Post forecasts that China’s raw milk production will decline in 2025 due to continued reductions in dairy herd size, despite improved per-cow yields. Imports of fluid milk and skim milk powder are forecast to decline due to relatively strong domestic production and weak demand.

In 2025, China’s pet food market is expected to see 6 to 8 percent growth in high-end and functional products, with a shift towards balanced nutrition and health support.