- #7 U.S. agricultural product market ($3.3 billion in MY 2019/2020).
- #8 U.S. corn market (805 TMT in MY 2019/2020).
- #5 U.S. barley market (3.5 TMT in MY 2019/2020).
- #11 U.S. DDGS market (253 TMT in MY 2019/2020).
- Imported grains meet about 98% of local demand.
- Feed sector uses about 95% of imported corn.
- Swine and poultry (including duck) are major coarse grain users.
- Two wet milling plants producing HFCS, using about five percent of imported corn.
- Total coarse grain imports maintain at about 4.5 MMT annually.
- Diplomatic isolation, limited land space, aging population, small agricultural sector and dependent on imported raw materials and fuels
Trade and Market Share Overview
- U.S. market share diminished in MY 2019/2020 due to quality issue & increased competition.
- DDGS inclusion rates in animal feeds is slightly trending higher but still having concerns on mycotoxins to curb the expansion.
- Aging population with negative growth rate means little growth in food demand and grain imports.
- The trade dispute between China and Australia has resulted in cheap Australian barley flooding the market.
- Taiwan imported sorghum mostly for liquor production, but U.S. sorghum varieties is not what the Taiwanese Baijiu industry desires.
- Taiwan increased ethanol imports in 2020 for sanitizer demand.
- Implemented chemical residues test by the government for grains import.
- Some Legislators and NGOs’ activists are trying to revise the threshold level of GM labelling from 3 percent to 0.9 percent.
- The government is studying to propose a draft of gene-editing technology derived food management norms.
- There is no supportive policy of using fuel ethanol in Taiwan yet.