Common use of Market Overview Clause in Contracts

Market Overview. China’s expanding economy, rising disposable incomes, and urbanization are increasing interest and demand for imported horticultural products. In fact, China’s customs data indicates that domestic demand for imported horticultural products increased from $12.5 billion in 2013 to $22.5 billion in 2018. China’s imports of horticultural products from the United States totaled $2.3 billion in 2018, third after the EU-28 and Thailand. The U.S. agriculture industry will benefit from new opportunities to export multiple products, such as fresh potatoes, California nectarines, blueberries, and California Xxxx avocadoes, to China.

Market Overview. China’s expanding economy, rising disposable incomes, and urbanization are increasing interest and demand for imported horticultural products. In fact, China’s customs data indicates that domestic demand for imported horticultural products increased from $12.5 billion in 2013 to $22.5 billion in 2018. China’s imports of horticultural products from the United States totaled $2.3 billion in 2018, third after the EU-28 and Thailand. The U.S. agriculture industry will benefit from new opportunities to export multiple products, such as fresh potatoes, California nectarines, blueberries, and California Xxxx avocadoesavocados, to China.