Taiwan: Food Processing Ingredients
Link to report:
In 2022, Taiwan imported record-high US$4.4 billion agricultural products from the US. Yet, due to COVID variants, the Russian invasion of Ukraine, labor shortage, and inflation issues, Taiwan's nominal Gross Domestic Product (GDP) decreased 0.17 percent at $774.7 billion. On the bright side, Taiwan has finally loosened its border control and mask mandate. Now fully in its post-COVID era, products with additional health benefits are becoming more and more attractive to local consumers.
