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Honduras

Outlook for U.S. Agricultural Exports to CAFTA – DR Countries. Dominican Republic. Guatemala. Honduras. Nicaragua. El Salvador. Costa Rica. May 2006.

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Honduras

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  1. Outlook for U.S. Agricultural Exports to CAFTA–DR Countries Dominican Republic Guatemala Honduras Nicaragua El Salvador Costa Rica May 2006

  2. Sustained Strong Economic GrowthHas Transformed the CAFTA–DR CountriesRegional economy has almost doubled since 1990, expected to expand another 65% by 2020 Aggregate Real GDP for CAFTA–DR (bil $) Source: Global Insight

  3. Sustained Economic Growth Is Changing the Demographics of the CAFTA–DR Countries, Boosting The Middle Class …By 2020, growth of the middle class could transform food markets, boost imports Millions of CAFTA–5 households with real PPP incomes over $20k By 2020, the region’s primary source of growth for U.S. exporters will be the middle class, which will account for 40% of households in the CAFTA–DR countries, up from just 24% in 2000. CAFTA-5 is Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua. Data NA for Dominican Republic NOTE: Middle class is defined as those households with real PPP adjusted incomes exceeding $20,000/year Source: Analysis by FAS/USDA using Global Insight’s Global Consumer Markets data

  4. … And CAFTA’s Retail Food Purchases Growth of purchases during the next 15 years, plus improved market access under CAFTA-DR, means new export opportunities for U.S. food and agricultural producers. CAFTA-5 Real Food ExpendituresBillion $ (1997=100) FTA could accelerate the region’s income and food consumption growth even further CAFTA-5 is Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua. Data NA for Dominican Republic Source: Analysis by FAS/USDA using Global Insight’s Global Consumer Markets data

  5. Strong Growth in CAFTA–DR’s Food Demand is Boosting U.S. Exports—Record $2 Billion in 2006Export growth is broad-based—bulk and high-value products U.S. Agricultural Exports to CAFTA–DR ($ million) U.S. exports to CAFTA–DR are up by 200% since FY 1990, versus only 60% to the rest of the world. Bulk Commodities Intermediate Products Consumer Foods

  6. Most U.S. Agricultural Exports To CAFTA-DR Have Grown Significantly During Past Decade Strong economic growth and expanding middle class have fueled gains in U.S. exports U.S. Ag Exports (mil $)

  7. Feed grains Rice Wheat Cheese Poultry meat High quality beef Pork (esp bacon and offals) Fruits (esp grapes, raisins, apples, pears, cherries, peaches, kiwi, canned fruit, juices) Vegetables (particularly frozen fries, fresh and processed tomatos) Nuts (almonds, walnuts, pistachios) Wine, bottled Soybean meal and refined oil Processed grocery products (particularly soups/broths, cookies and biscuits, and canned dog/cat food Best Export Prospects Over Next 3–5 YearsStrong underlying demand growth and/or reduced tariffsshould benefit these U.S. exports most

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