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The Dominican Republic´s food processing industry was valued at $10.6 billion during calendar year (CY) 2021 in activities categorized as “food industry” with an additional $3.2 billion for processed beverages and other products during the same period.
The turnover of the Dutch food processing industry for 2021 is forecast at $88 billion. Food companies that traditionally sell to HRI-foodservice outlets saw sales drop by roughly one-third due to the global pandemic.
On April 1, 2022, processed food manufactures in Japan must be in compliance with new country of origin labeling (COOL) requirements. The new rule requires Japanese food manufacturers to identify on the label of the product the country(ies) where the main ingredient, by weight, was harvested or produced.
Indonesia currently imports 60 percent of the raw materials needed for its growing food processing industry. In 2021, exports of U.S. agricultural products to Indonesia increased by nine percent largely due to higher demand for soybean, beef, and corn.
Most raw materials for food processing are imported into Singapore due to its limited land, natural resources, livestock, and agricultural production. Singapore imported $680 million of U.S. processed food products in 2021.
The Malaysian food manufacturing and processing industry is an important component of the country’s economic recovery and growth.
Vietnam's food processing sector was hit by COVID-19 restrictions but the food processing and manufacturing sector still grew by 2.9 percent in 2021 versus 2020.
Australia has proven to be an appealing and profitable market for U.S. companies for many years. Apart from an extremely strict quarantine regime, it offers few barriers to entry, a familiar legal and corporate framework, and a sophisticated, straightforward business culture.
Thailand’s food and beverage industry contributes significantly to the country’s economy, accounting for one-fourth of the country’s gross domestic product. Major food exports include rice, canned tuna, sugar, meat, cassava products, and canned pineapple.
This report highlights Japan’s food processing industry, notable trends, and a new market snapshot of western Japan processors. The industry benefited from a slightly higher exchange rate in relation to the dollar in 2021, compared to 2020, allowing the industry to experience marginal growth by value, totaling $216.4 billion.
Mexico is the third largest food processor in the Americas behind the United States and Brazil, and it is in the top 15 worldwide. Moreover, the food industry in Mexico is one of the most dynamic with an average annual growth of 4.3 percent, with a gross domestic product (GDP) contribution of $39.4 billion in 2020.
Peru’s food processing industry is a dynamic sector of the national economy. The food industry in Peru accounts for almost 27 percent of the industrial gross domestic product. The sector rebounded from a slight drop in 2020, achieving a 9.8 percent growth in 2021. U.S.-origin food processing ingredient exports to Peru reached $196 million in 2021.