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In 2022, the Indonesian foodservice industry was valued at $29 billion, an almost 30 percent increase from the previous year, making it the largest foodservice market in Southeast Asia.

In 2022, the total sales from the Japan food service industry increased 14.2 percent, totaling nearly $237 billion, representing consecutive year double digit growth.

Domestic tourism and consumer spending have helped drive the post-pandemic recovery in Malaysia’s hotel, restaurant, and institutional (HRI) industry.

FAS Manila projects the food service sector to grow at 20 percent as the tourism and hotel industry improves in 2023.

Singapore’s hotel, restaurant, and institutional (HRI) sector is vibrant and highly competitive with sales in 2022 totaling $9 billion USD. It is highly diverse with a broad range of Asian and Western cuisines widely available. The industry should return to normalcy in 2024.

A combination of a “return to normal” behavior by Thai consumers and of a rapidly recovering tourism demand bodes well for Thailand’s post-pandemic HRI sector.

After slow growth during the first half of 2023, Vietnam’s economy is on a path to recovery. Post has revised Vietnam’s feed consumption forecast to 26.6 MMT in MY2022/23 matching levels in MY2021/22.

MY 2022/23 China’s sugar imports declined due to escalating world prices. Following suit, Chinese sugar prices spiked at the highest levels since 2012.

In 2021 (latest data available), sales of the HRI food service sector reached 150.76 trillion KRW (131.7 billion USD), an increase of 7.77 percent from 2020 and an increase of 4.41 percent from 2019.

FAS/Tokyo estimates lower MY2023/24 rice production in Japan as extremely high temperatures and little rain are expected to lower yield and quality.

On August 24, 2023, the Philippines marked Bt cotton as the 4th genetically engineered crop approved for commercial propagation after corn (2002), rice (2021), and eggplant (2022).

The introduction of E5 gasoline in July 2023 restarted Indonesia’s bioethanol consumption after years of inactivity, albeit to a modest start of an estimated 2 million liters for 2023 due to E5’s price premium in a price sensitive market.