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The Caribbean retail grocery sector continued on the upswing in 2021. The region increased its imports of consumer-oriented agricultural products by 14 percent in 2021, reaching an estimated $2.45 billion. The outlook calls for moderate growth as the region continues on the path to recovery from the COVID-19 pandemic and markets such as Guyana and Turks and Caicos Islands emerge as larger players in the regional context.

On June 3, Japan’s Ministry of Agriculture, Forestry, and Fisheries affirmed that it would maintain the tariff-rate quota volumes for butter at 7,600 MT and non-fat dry milk (NFDM) at 750 MT for Japanese fiscal year (JFY) 2022, in line with its...

Despite the dramatic impact of the COVID-19 pandemic, retail sales revenues in Germany have grown continuously since 2019. In 2021, the German retail sector recorded over $618 billion euros in sales revenues. Retailers benefitted from higher consumer spending for premium food products, while food service businesses suffered from low hospitality and catering demand during the series of lockdowns put in place.

Supermarkets, hypermarkets, and independent food stores, continue expanding in Guatemala; imports of U.S. consumer-oriented products have continued to grow and in 2021, the value of these products reported a record year of $637 million.

According to the Department of Statistics, Malaysia’s food and beverage sales contributed 11.8 percent ($1.7 billion) to total wholesale sales value of $14 billion for January-April 2022, with a growth of 11.5 percent over the same period last year. The country’s food retailers continue to rapidly develop, and premium grocery stores and convenience outlets are increasingly popular.

With a growing population and a market-oriented agricultural and food sector that is open to international trade, Mexico is an important agricultural trading partner for the United States. In 2021, exports of U.S. agricultural and related products to Mexico totaled $25.5 billion, showing an increase of 34.9 percent versus 2020 when U.S. agricultural and related exports to Mexico totaled $18.9 billion.

The turnover of the Dutch retail sector was valued at €45.1 billion ($47.4 billion) in 2021. The sector is relatively consolidated, with the two largest food retailers controlling 58 percent of the market. Consumers are increasingly looking for sustainable products, products that are healthy and nutritious, and convenience products, and, as a result, will continue to buy more plant-based foods.

The easing of pandemic mobility restrictions and the recent national elections boosted food and beverage retail sales. Though the sector failed to sustain growth last year, key retail companies remain confident about growing the market in 2022.

Singapore’s food retail sector is highly developed and competitive. The industry is comprised of a range of large supermarkets/hypermarkets, convenience stores, “mom and pop” traditional stores, and specialty retailers. Industry analysts report total retail food sales surpassed $7 billion USD in 2021.

The South African retail food sector is well-developed and continues to expand into other African countries. In 2021, South African retail food sales totaled $40 billion, a 0.2 percent increase from 2020 as the South African economy began to recover from the effects of the COVID-19 pandemic.

This report gives an overview of Thailand’s food retail sector and current market updates. The food and beverage industry is one of the biggest retail segments in Thailand. Food and beverage sales grew more in 2021 than the previous year due to increased in-home consumption and cooking at home.

Turkey has a young population of 85 million people. The country is in a Customs Union with the EU, has free trade agreements with EFTA and 22 other countries (excluding the U.S.), and is the 23rd largest economy in the world. The International Monetary Fund (IMF) forecasts Turkey’s annual Gross Domestic Product (GDP) growth at 3.2 percent between 2022 and 2026.