USDA’s Office of Agricultural Affairs, OAA, in Nicaragua, hereinafter referred to as “Post,” reports that U.S. food and agricultural exports though the first nine months of 2022 were nearly US$500 million – outpacing record highs in 2021 by 30% – on higher commodity prices and sustained demand for U.S. feed grains.
Nicaragua will continue to rely on imported products to complement and supplement local production in 2024, creating opportunities for U.S. exporters amid record-setting rates of outward migration and increased sanctions against the Ortega-Murillo regime.
Nearly all U.S. consumer-oriented products have duty-free access to Nicaragua under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR). Chicken meat, as well as rough and milled rice, will enter duty free and quota free in 2023, while remaining tariff rate quotas (TRQs) on dairy products will phase out on January 1, 2025.
Top prospects for exports to Nicaragua in 2022 included:
Post adds that like all vital U.S. agricultural export markets, Nicaragua comes with its own unique opportunities and challenges.
“All of Food Export’s programs were a tremendous help getting us export ready, understanding the challenges that come with international business, and learning how to navigate them.”
Katz Gluten Free
Food Export-Northeast Participant since 2018
The food retail sector in Nicaragua has more than 1,000 wholesalers, retailers, and distributors. Supermarket chains have expanded throughout the country in the last 10 years. There are more than 100 supermarket stores and thousands of much smaller "mom and pop" retailers.
Supermarket chains have continued to expand and modernize, supporting increased distribution of imported high-value perishable products (like pork and chicken meat), as well as consumer-packaged goods. Expansion of supermarket infrastructure has also driven growing demand for, and popularity of, retailers’ own private label branded products.
Best Product Prospects:
Among The best product prospects are yellow corn, rice, wheat, soybean meal, pork meat, chicken meat, condiments, sauces, bakery goods, dairy, cereals, pasta, and a wide variety of lower-priced processed products.
The loss of formal jobs due to the 2018 crisis and the pandemic has contributed to a significant increase in informal economic activity, including HRI businesses like food trucks, which are becoming more popular in urban areas. A number of delivery service providers have also emerged from the pandemic.
Best Product Prospects:
The best product prospects are pork meat, chicken meat, condiments, sauces, bakery goods, dairy, cereals, pasta, and a wide variety of lower priced processed products.
Best Product Prospects:
The best product prospects are corn, soybean, and rice.
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