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Taiwan’s beer market increased to 517 million liters (137 million gallons) in 2013.
Even though Taiwan’s food processing and ingredients industries are extremely competitive, there are still great opportunities for U.S. exporters.
With November trade reports, 2014 is confirmed as another record year for U.S. beef exports to Taiwan, valued at over USD $269 million.
Eighty-eight percent, 28,884 MT, of Taiwan’s 2014 U.S. rice Country Specific Quota (CSQ) under normal tender is yet to be complete.
Taiwan’s retail food sector is becoming increasingly competitive, and foreign operators (Costco, 7-11, Carrefour and Wellcome) continue to dominate Taiwan’s food retail market.
Taiwan authorities recently lifted a ban on U.S. long grain rice, in place since 2006.
A recent wine tasting in Taiwan hosted by the California Wine Institute not only successfully attracted 369 trade contacts but also created an additional $2.87 million in sales for California wines.
Singapore’s Hotel, Restaurant, and Institutional (HRI) sector is performing well, is very dynamic, and is highly competitive, with a diverse array of hotels and restaurants.
Taiwan recently completed two long-lingering 2013 normal tenders, thus fulfilling 2013 U.S. Country Specific Quota (CSQ) obligations.
Domestic and export prices declined 1-5 percent as new-crop supplies are coming onto the market.
U.S. agricultural exports to Southeast Asia have experienced extremely rapid growth in recent years and, in FY 2014, they climbed to a record $11.5 billion – up 11 percent from FY 2013.
Singapore is a leading market for high-value consumer-oriented products. The market is very dynamic, with interest in new products, yet also very competitive.