Short and medium-term opportunities in Australia for vegetable exports to Taiwan

Published 2021년 11월 4일

Tridge summary

Australian agricultural exports to Taiwan have seen a 21% increase in the 2020-21 season compared to the previous year, largely due to higher demand for quality produce and temporary domestic supply issues. The surge was primarily driven by increased exports of onions, potatoes, and carrots, aiding Australia's global market standing with its counter-seasonal supply and high-quality food safety standards. Taiwan's robust economy and high per capita income sustain a strong demand for food products, especially horticultural goods. Convenience stores and expanding retail outlets in the country offer easy access to these products, catering to Taiwanese consumers' preference for safe, healthy, and convenient food. Australia's Department of Agriculture, Water and the Environment, along with Austrade, provides resources and guidance for businesses looking to capitalize on these market opportunities, ensuring compliance with Taiwan's import and food safety regulations.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Australian produce has a competitive advantage in Taiwan, thanks to Australia’s reputation for safe, high-quality food and ability to offer counter-seasonal supply. The value of Australian vegetable exports to Taiwan has increased 21% in 2020–21 relative to 2019–20. This is due to growing demand for premium vegetable products and short-term domestic supply constraints. Onions (up 63%), potatoes (up 19%) and carrots (up 144%) drove the growth in export value. A water shortage from late 2020 to the first half of 2021 affected Taiwan’s vegetable production. The typhoon season from mid-2021 also hit production. Lower than usual domestic supply has caused local vegetable prices to surge to new highs. In the medium term, import growth reflects Taiwan’s: highly developed economy high GDP per capita (approx. $54,000 PPP)1 high per capita rate of expenditure on food. According to the USDA, Taiwan’s food and beverage sales topped US$38.8 billion in 2019. This was an increase of 1.78% as ...

Source: Austrade