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With limited domestic production and increasing consumer demand, Korean imports of tree nuts continue to grow steadily, recording a compound annual growth rate of six percent over the last five years.
In recent years, the demand for nuts in South Africa – especially almonds – has risen with consumers’ desire for nutritious snack choices and in-home baking ingredients. Food manufacturers have increasingly used almonds in baked goods, breakfast cereals, mixed snacks, granola bars, and trail mixes.
Ample opportunities exist for U.S. agricultural exports to South Korea. Highlighted in the chart above, U.S. agricultural product exports were a record $9.5 billion in 2022, up 2 percent from 2021. South Korea is the sixth largest export market for the United States, thanks in part to a successful free trade agreement (KORUS) between the two countries and a robust demand for high-quality U.S. food products.
Having pegged its nationally acceptable limit of aflatoxin in peanut at 10 parts per billion (ppb) as far back as 2018, Ghana could well be leading, and not just supporting the regional block’s preference of setting the MRL for aflatoxin in peanut at 10 ppb.
The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
Kenya is a growing middle-income nation that acts as the economic, financial, and transport hub of East Africa. Kenya’s population demographic consists of a median age of 20 years, with 33.8 percent of the population between the ages of 25 and 54 years.
A look at how U.S. agricultural exports performed in 2020.
The 2020 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world. This summary lists only the United States’ primary trading partners.
Peanuts are popular in Korea and consumed in a variety of ways. Demand for peanuts and peanut butter is steady.
Korean consumers value tree nuts for their health benefits. Most tree nuts are imported.
The growth of South African tree nut production is expected to continue in the 2019/20 MY, based on the increase in area planted as the industry responds to increasing demand from export markets...
Though down by four places on the World Bank’s Ease of Doing Business ranking, the Ghanaian food market remains a great prospect for U.S. agricultural exports due to robust growth in demand....