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Short and medium-term opportunities for Taiwanese vegetable exports

Thanks to Australia’s reputation for safe, high-quality food and ability to offer counter-seasonal supply, Australian produce has a competitive advantage in Taiwan. 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.

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)
  • high per capita rate of expenditure on food
  • Opportunities for Australian vegetable exporters

Taiwanese consumers prefer safe, healthy and convenient food products. This preference will underpin high per-capita expenditure on food, with consumers valuing quality horticultural products. Value-added vegetable products, ready-to-cook, or easy-to-prepare options may meet consumer preference for healthy and convenient food products.

Australian vegetable exports to Taiwan
In 2020–21, Taiwan was Australia’s 13th largest vegetable export market (ABS 2021). In 2020-21, Australia's major vegetable exports to Taiwan were:

  • onions ($4.8 million)
  • potatoes ($3.3 million)
  • asparagus ($1.2 million)
  • carrots ($1 million)

That value of Australian vegetable exports to Taiwan has increased 35% since 2017-18.

 

Source: austrade.gov.au


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