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Israel is an advanced, market-oriented economy. However, its limited land and water resources preclude agricultural self-sufficiency, affecting local production costs and consumer prices.
New regulations requiring front of pack labeling are set to enter into force on January 1, 2020.
Israel’s area planted in citrus in MY 2019/20 is estimated at 17,763 hectares (ha), 80 ha less than the planted area in MY 2018/19.
The report lists and describes certificates that should accompany food and agricultural products to Israel.
In 2018, the United States exported over $1 Billion in U.S. consumer-oriented products to the Caribbean Basin.
The Cayman Islands tourism industry has experienced tremendous growth during the past several years.
The Israeli Hotel Restaurant Institutional (HRI) sector is generally stable with the economy’s growth over the past decade leading to an increase in spending on dining out.
The market share of craft beers is expanding as the sector sees growth and market penetration across Israel creating export opportunities for U.S. craft beer and U.S. beer ingredients.
The Bahamas is the second largest market for U.S. consumer-oriented products in the Caribbean.
Israel is a net importer of all major categories of food products. The retail food market faces slow growth, limited competition, and high prices.
With over 1,800 facilities, the Israeli food processing sector is an important player in the domestic economy.
On December 25, 2017, the Israeli parliament’s Labor, Welfare and Health Committee approved new regulations requiring front of pack labeling for most prepackaged food products.