Key Takeaways
- In 2022, Taiwan's food processing industry generated a total output value of NT$1.2 trillion, marking a 5.2% year-on-year increase.
- Taiwan produced 1.85 million metric tons of rice in 2023, accounting for 98% self-sufficiency rate in staple grains.
- The output value of Taiwan's meat processing sector reached NT$250 billion in 2022.
- In 2023, Taiwan's per capita food consumption expenditure was NT$120,000 annually.
- Household food spending accounted for 25% of total consumer expenditure in Taiwan 2022.
- Taiwan consumers purchased 1.2 million tons of fresh meat in 2023.
- Taiwan's food exports reached US$5.2 billion in 2023.
- Instant noodles exported 800 million packs worth US$300 million from Taiwan in 2022.
- Taiwan's seafood exports totaled US$1.5 billion in 2023.
- Taiwan imported US$25 billion in agricultural products in 2023.
- Meat imports to Taiwan totaled 1.5 million tons in 2022, mainly beef and pork.
- Dairy imports reached US$2.5 billion in Taiwan 2023.
- Taiwan's food industry market size was US$30 billion in 2023.
- Food processing contributed 2.5% to Taiwan's GDP in 2022.
- Total revenue of Taiwan food firms NT$1.5 trillion in 2023.
Taiwan's food industry thrives through robust production and substantial consumption across all sectors.
Consumption
- In 2023, Taiwan's per capita food consumption expenditure was NT$120,000 annually.
- Household food spending accounted for 25% of total consumer expenditure in Taiwan 2022.
- Taiwan consumers purchased 1.2 million tons of fresh meat in 2023.
- Annual milk consumption per capita in Taiwan reached 25 liters in 2022.
- Taiwan's vegetable consumption volume was 4.5 million tons per year in 2023.
- Fruit intake per capita averaged 120 kg annually in Taiwan 2022.
- Instant noodle consumption in Taiwan was 65 packs per capita in 2023.
- Soft drink consumption per capita hit 80 liters in Taiwan 2022.
- Taiwan's bakery products consumption totaled 500,000 tons in 2023.
- Seafood consumption per capita was 35 kg in Taiwan 2022.
- Rice consumption remained at 45 kg per capita annually in Taiwan 2023.
- Confectionery consumption per capita 12 kg in Taiwan 2022.
- Taiwan households consumed 300,000 tons of edible oils yearly in 2023.
- Snack food market consumption value NT$250 billion in Taiwan 2022.
- Bottled water consumption 150 liters per capita in Taiwan 2023.
- Poultry meat consumption 40 kg per capita in Taiwan 2022.
- Tea consumption per capita 1.2 kg in Taiwan 2023.
- Processed food consumption grew 4% YoY to NT$800 billion in 2022 Taiwan.
- Organic food consumption doubled to 5% market share in Taiwan 2023.
- Frozen food consumption volume 400,000 tons in Taiwan 2022.
- Coffee consumption per capita 2 kg in Taiwan 2023.
- Pet food consumption NT$60 billion in Taiwan 2022.
- Baby food consumption 25,000 tons in Taiwan 2023.
- Ice cream consumption 8 kg per capita in Taiwan 2022.
- Sauce and condiment consumption NT$100 billion in 2023 Taiwan.
- Functional food consumption rose 15% to NT$150 billion in 2022.
Consumption Interpretation
Exports
- Taiwan's food exports reached US$5.2 billion in 2023.
- Instant noodles exported 800 million packs worth US$300 million from Taiwan in 2022.
- Taiwan's seafood exports totaled US$1.5 billion in 2023.
- Tea exports from Taiwan hit 20,000 tons valued at US$250 million in 2022.
- Pineapple exports reached 400,000 tons in 2023 from Taiwan.
- Bakery products exports US$500 million in Taiwan 2022.
- Taiwan's canned food exports were US$800 million in 2023.
- Frozen foods exported US$1.2 billion from Taiwan in 2022.
- Confectionery exports US$400 million in Taiwan 2023.
- Beverages exports reached US$600 million in 2022 Taiwan.
- Snacks exports US$700 million from Taiwan 2023.
- Processed meat exports US$300 million in Taiwan 2022.
- Functional foods exports grew 20% to US$200 million in 2023 Taiwan.
- Organic products exports US$100 million in 2022 from Taiwan.
- Pet food exports US$150 million in Taiwan 2023.
- Coffee products exports US$50 million from Taiwan 2022.
- Baby food exports US$80 million in 2023 Taiwan.
- Ice cream exports US$120 million from Taiwan 2022.
- Sauces exports US$250 million in Taiwan 2023.
Exports Interpretation
Imports
- Taiwan imported US$25 billion in agricultural products in 2023.
- Meat imports to Taiwan totaled 1.5 million tons in 2022, mainly beef and pork.
- Dairy imports reached US$2.5 billion in Taiwan 2023.
- Edible oils imports 800,000 tons valued at US$1.8 billion in 2022 Taiwan.
- Grains imports US$10 billion for Taiwan in 2023.
- Fruits imports 500,000 tons in Taiwan 2022.
- Vegetables imports US$1.2 billion in 2023 Taiwan.
- Seafood imports 600,000 tons worth US$3 billion in 2022.
- Sugar imports 400,000 tons to Taiwan 2023.
- Coffee beans imports 30,000 tons in Taiwan 2022.
- Cocoa imports for processing US$200 million in 2023 Taiwan.
- Wheat imports 2 million tons to Taiwan 2022.
- Soybeans imports 2.5 million tons in Taiwan 2023.
- Corn imports 8 million tons valued US$2.5B in 2022 Taiwan.
- Organic imports grew 10% to US$500 million in 2023.
- Pet food imports US$400 million in Taiwan 2022.
- Baby formula imports US$300 million in 2023.
- Functional ingredients imports US$1 billion in 2022 Taiwan.
Imports Interpretation
Market
- Taiwan's food industry market size was US$30 billion in 2023.
- Food processing contributed 2.5% to Taiwan's GDP in 2022.
- Total revenue of Taiwan food firms NT$1.5 trillion in 2023.
- E-commerce food sales reached NT$200 billion in Taiwan 2022.
- Convenience store food sales NT$500 billion in 2023 Taiwan.
- Supermarket food market share 40% of total in Taiwan 2022.
- Food service industry revenue US$15 billion in 2023 Taiwan.
- Packaged food market grew 3.5% to US$20B in 2022.
- Health food market size NT$300 billion in Taiwan 2023.
- Taiwan food industry employed 1.2 million people in 2022.
- Number of food processing firms 15,000 in Taiwan 2023.
- R&D investment in food sector NT$50 billion in 2022.
- Inflation in food prices 4.2% in Taiwan 2023.
- Food waste generation 1.8 million tons annually in Taiwan 2022.
- Sustainability certifications held by 20% of food firms in 2023.
- Venture capital in food tech US$500 million in 2022 Taiwan.
- Taiwan food industry CAGR 4% projected to 2028.
- Halal food market US$1 billion in Taiwan 2023.
- Plant-based food sales NT$100 billion in 2022.
- Food delivery apps market US$4 billion in 2023 Taiwan.
- Taiwan food industry FDI inflows US$2 billion in 2022.
Market Interpretation
Production
- In 2022, Taiwan's food processing industry generated a total output value of NT$1.2 trillion, marking a 5.2% year-on-year increase.
- Taiwan produced 1.85 million metric tons of rice in 2023, accounting for 98% self-sufficiency rate in staple grains.
- The output value of Taiwan's meat processing sector reached NT$250 billion in 2022.
- Taiwan's fishery production totaled 1.2 million metric tons in 2023, with aquaculture contributing 55%.
- In 2022, Taiwan's vegetable production volume was 3.8 million metric tons, up 2.1% from previous year.
- Taiwan's fruit production reached 4.1 million metric tons in 2023, led by pineapples at 500,000 tons.
- The beverage manufacturing industry in Taiwan produced 2.5 billion liters of soft drinks in 2022.
- Taiwan's instant noodle production hit 1.8 billion packs in 2022, with exports at 800 million packs.
- Dairy product output in Taiwan was 450,000 metric tons in 2023, including milk and cheese.
- Taiwan's bakery products sector output value was NT$180 billion in 2022.
- Soy sauce production in Taiwan totaled 120,000 kiloliters in 2023.
- Taiwan produced 300,000 tons of sugar in 2022 from sugarcane.
- Edible oil processing output reached 250,000 tons in Taiwan for 2023.
- Taiwan's canned food production volume was 1.1 million tons in 2022.
- Frozen food output value in Taiwan hit NT$120 billion in 2023.
- Taiwan's noodle manufacturing produced 1.2 million tons in 2022.
- Confectionery production in Taiwan reached 150,000 tons in 2023.
- Taiwan's sauce and condiment output was NT$90 billion in 2022.
- Poultry processing output totaled 800,000 tons in Taiwan 2023.
- Taiwan's tea production volume was 45,000 metric tons in 2022.
- Snack food production reached NT$200 billion in output value for 2023 in Taiwan.
- Taiwan's bottled water production was 1.5 billion liters in 2022.
- Flour milling output in Taiwan was 1.4 million tons in 2023.
- Taiwan's ice cream production volume hit 120,000 tons in 2022.
- Processed seafood output value was NT$300 billion in Taiwan 2023.
- Taiwan's vinegar production totaled 50,000 kiloliters in 2022.
- Baby food production in Taiwan reached 20,000 tons in 2023.
- Taiwan's coffee processing output was 15,000 tons in 2022.
- Pet food manufacturing output value NT$50 billion in Taiwan 2023.
- Taiwan's organic food production area expanded to 15,000 hectares in 2022.
Production Interpretation
Sources & References
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