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Serbia offers good opportunities for the U.S. exporters of consumer-oriented agriculture products. January – October 2021, total U.S. exports of agriculture products to Serbia reached $22.6 million, an increase of 21 percent compared to the same period in 2020. The most significant segments were starch, almonds, whiskey bourbon, tobacco, pistachio, peanuts, vegetable planting seeds, juices and extracts from hops, sweet potato, wine, dietetic foods, concentrated proteins, snacks food, fish, and seafood products. This report provides U.S. food and agriculture exporters background information and suggestions for entering the Serbian market. The statistical data are as of October 2021.
Singapore’s highly import dependent, multi-billion-dollar food industry is driven by robust consumer spending, high disposable incomes, and intense urbanization. The country’s trade and regulatory policies are focused on ensuring consistent foreign supply of high-quality food and agricultural products. Singapore’s total agricultural and related product imports in 2021 reached $17.2 billion USD, with the United States capturing a nine percent market share. Top prospective U.S. food and beverage products for the Singaporean market include fresh fruit, bakery goods, cereals and pasta, beef and beef products, pork and pork products, seafood, processed fruit, and tree nuts.
Chile is the largest market in South America for U.S. consumer-oriented agricultural products. The United States is the second largest supplier of agricultural and related products to Chile, after Argentina. Top U.S. products exported to Chile are pork, beer, wheat, feeds, dairy products, and condiments and sauces. Best prospects for U.S. exporters to Chile include pork products, beef, beer, distilled spirits, sauces, cheeses, candy and confections, and pulses.
Bosnia and Herzegovina (BiH) imports approximately two-thirds of its overall food needs and have a large foreign trade deficit. The market for processed foods is determined based upon price rather than quality, as consumers seek to extend their buying power. Some advantages for U.S. exporters include relatively low food import tariffs and low costs for introduction and promotion of new products while challenges consist of a complicated dual system of government authorities, low incomes, and poor infrastructure. Opportunities exist for U.S. genetics, beef, pulses, wine, seafood, dried fruits, and tree nuts. This report contains marketing tips, information on importing food, and best product prospects.
Following the catastrophic second COVID-19 wave, India is set to regain its momentum and become the fastest-growing major economy in the world. Throughout the pandemic, Indian consumers have maintained high demand for imported food and agricultural products supported by a growing middle class with greater disposable income. The impact of COVID-19 has further shifted preferences toward immunity boosting, protein-rich, natural, vegan, and organic food products. This consumer behavior, in addition to a sharp increase in e-retail, presents greater opportunities for U.S. exporters. Despite the rapid demand growth for imported food products, India persists as a difficult market for U.S. exporters due to supply chain disruptions, high tariffs, a challenging regulatory environment, and competition from domestic and international suppliers.
As the largest export market for the United States, China provides a promising yet competitive market for agricultural products. As the pandemic continues to restrict travel movements, U.S. exporters are encouraged to continue engaging with key Chinese stakeholders via online meetings, matchmaking events, conferences, and trade shows. This report provides practical tips to U.S. agricultural, forestry, and fishery exporters on how to conduct business in China, while includes information on local business practices, a review of consumer preferences, food standards and regulations, and import and inspection procedures.
In 2020, U.S. agricultural exports to Indonesia totaled $3 billion, making it the 11th largest market for U.S. agricultural exports. Major exports include soybeans, wheat, cotton, milk powder, feeds and fodders, dairy, fresh fruit, and beef and beef products. These products also have the best growth potential due to insufficient local production capacity to meet the growing demand for these ingredients. Despite an often challenging and unpredictable regulatory environment, especially for those products that may compete with local products, opportunities exist for exporters to supply Indonesia’s developed tourism market, growing food processing industry, and modern retail channels.