- #7 U.S. agricultural product market ($3.4 billion in FY 2017).
- #6 U.S. corn market (3.1 MMT in MY 2017/2018).
- #5 U.S. barley market (5.5 TMT in MY 2017/2018).
- #12 U.S. DDGS market (237 TMT in MY 2017/2018).
- 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 4.3 MMT annually.
- Population / growth: 23.6 million / 0.09%
- Urban %: 80.3%
- GDP / growth: $590.5 trillion / 2.66%
- GDP per capita: $25,048
- Diplomatic isolation, limited land space, aging population, small agricultural sector and dependent on imported raw materials and fuels.
Trade and Market Share Issues
- U.S. share of grain imports fell from 97% in 2006 to 14% in 2013 and then rebounded to 75% in 2018.
- U.S. corn is more competitive than Brazilian corn (Brazil accounted for 18% of corn imports in MY 2017/2018).
- Almost all the large feed mills in Taiwan are using DDGS already. However, they tend to use low inclusion rates in animal feeds due to their concerns on mycotoxins.
- Some local feed mills are experiencing poor pellet quality and slow through-put speed while the inclusion rates of DDGS are higher than 10% in pellet feeds.
- The people 65-years-old and over account for 13.9% of Taiwan’s population in 2018. Aging population with low growth rate of population mean limited growth in food demand and grain imports.
- Some Legislators and activists have banned the applications of GM foods in school meals. They are trying to revise the threshold level of GM labelling from three percent to 0.9 percent and revising the Food Safety and Sanitation Act to prevent spillage of GM soybeans and GM corn from trucks during transportation.
- There is no supportive policy of using fuel ethanol in Taiwan yet.