Tuesday, December 10, 2024

GAIN Reports from December 9, 2024

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The following GAIN reports were released on December 9, 2024.

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France: Food Service - Hotel Restaurant Institutional Annual

France is the world's leading tourist destination. Revenues are exceeding pre-covid standards since France earned 126 billion in 2023 due to foreign tourism. Commercial catering remains the dominant sector in the HRI industry, holding a 58 percent market share and generating a turnover of $73.3 billion, reflecting a 9-percent increase from 2022. Institutional catering, which holds the position of the second largest segment in the industry with a 20 percent market share, experienced significant growth of 16 percent, resulting in nearly $25 billion in revenue. While many restauranteurs express optimism regarding their revenue in 2023, fewer than one-third feel confident about the future profitability of their business. Fast-food proves to be the most resilient segment as many customers turned to "click and collect" and home delivery formats. These formats are continuing to expand in many restaurants, especially in urban areas. Within specific market niches there are many opportunities for U.S. products.

 

Indonesia: Grain and Feed Update

Indonesia's 2024/25 wheat imports are forecast to decline 8 percent from 2023/24, when higher demand from feed mills, consumption of wheat flour-based food from major events in early 2024, and demand for cheaper alternatives to rice drove wheat imports up to new record highs. With larger production, rice imports in 2024/25 are expected to fall sharply from 2023/24, when the national logistics agency tendered to offset the smaller crop. Increased corn production in 2024/25 will reduce the volume of imports, although feed and wet milling demand remains strong.

 

Taiwan: Food Service - Hotel Restaurant Institutional Annual

In 2023, Taiwan's Hotel, Restaurant, and Institutional (HRI) industry reached a record sales figure of one trillion Taiwanese dollars, equivalent to around 30.9 billion U.S. dollars. Although sales are soaring, the number of businesses in this sector only increased slightly by around one percent, underscoring the fierce competition within the industry. Taiwan's market reflects a growing westernized palate, bolstered by a high per capita GDP of US$34,430. This indicates not only a willingness but also a robust capacity among consumers to explore foreign cuisines. The United States continues to be the leading supplier of various food ingredients for the market, such as beef, poultry, and vegetables.

 

For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/.


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