Singapore’s hotel, restaurant, and institutional (HRI) sector is vibrant and highly competitive with sales in 2022 totaling $9 billion USD. It is highly diverse with a broad range of Asian and Western cuisines widely available. The industry should return to normalcy in 2024.
Singapore imports more than 90 percent of its food and has a diverse, competitive array of trading partners. The United States and Singapore have a long-standing free trade agreement (FTA), and Singapore is a well-developed market for high-quality food and agricultural products.
Malaysia was the 26th-largest export destination for U.S. agricultural products in 2022, totaling nearly $1.1 billion in value, and is a top prospect for exports of food and beverage ingredients because of its large and growing food processing industry.
Singapore’s food retail sector is highly developed and competitive. The industry is comprised of a range of large supermarkets/hypermarkets, convenience stores, “mom and pop” traditional stores, and specialty retailers.
This report provides information on the regulations and procedures for the importation of food and agricultural products from Unites States to Malaysia. The report is supplemented by the Malaysia Food and Agricultural Import Regulations and Standards...
This report provides information on the export certification requirements of the Government of Malaysia. This report supplements the Malaysia Food and Agricultural Import Regulations and Standards (FAIRS) – Country Report 2023.
Singapore’s economy is rebounding strongly from the COVID-19 pandemic. The city-state’s highly import dependent, multi-billion dollar food industry is driven by robust consumer spending, high disposable incomes, and intense urbanization.
Malaysia retail food and HRI sector is expected to grow by 7.8 percent in 2023. U.S. exporters will see excellent opportunities in the retail food and food processing sectors as the country’s economy rebounds strongly after the COVID-19 pandemic shutdowns.