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The growing hypermarket, supermarket and minimarket sectors offer significant opportunities for U.S. food products.
In 2016, Hong Kong’s retail food sector sales rose 1.29 percent to $12.06 billion, a positive growth trend forecast to continue, especially in segments where U.S. products have strong....
Japan’s Ministry of Agriculture, Forestry and Fisheries approved 70 European Union (EU)-proposed geographical indications for agricultural items on December 15, 2017.
As hotel and restaurant expansions continue, demand for high-quality U.S. food and beverage products by the HRI food service sector in Hong Kong is expected to remain robust.
On 23 November, the Ministry of Agriculture issued revised regulations on import licensing requirements for horticultural products.
Taiwan’s retail food sector is becoming increasingly competitive and chain operators, such as Costco, 7- Eleven, PX Mart, Carrefour and Wellcome, continue to dominate Taiwan’s food retail market.
Citrus production in Marketing Year (MY) 2017/2018 is projected to continue a multi-year decrease to 560,000 MT, the lowest production level for the past two decades.
Post forecasts MY 2017/18 orange production at 7.3 million MT, up 4 percent from the previous year’s revised estimate as a result of favorable weather and diminished impact from citrus greening.
Although Japanese production and consumption of citrus has been in decline for decades, market year (MY) 2016/17 marked a small increase from the previous MY.
Several categories of U.S. food and agricultural exports to South Korea saw significant growth in fiscal year 2017 (Oct/Sept).
China’s MY2017/18 fresh potato production is forecast at 97 million metric tons (MMT), about a 5 percent increase from the estimated 92 MMT in MY2016/17, due to a continued expansion of potato area.
Fresh orange production is estimated at 480,000 metric tons (MT) in 2017/18.