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Missie Lindsey Marketing Coordinator Southern United States Trade Association Danielle Viguerie Marketing Director
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Total U.S. Exports and Imports of Food and Agriculture Value in Millions Data Source: U.S. Census Bureau Trade Data, U.S. State Export Data U.S. Agricultural Trade Totals For August 2015 Exports: $9,560,947,968.00 Imports: $9,053,788,501.00 Trade Balance: $507,159,467.00
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U.S. Exports 2010-2014 Value in Thousands Data Source: U.S. Census Bureau Trade Data, U.S. State Export Data
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South Carolina Consumer-Oriented Exports 2014 More than $520 Million Product Type – Top Ten Country – Top Ten 1. Canada 2. China 3. Korea, South 4. Hong Kong 5. Angola 6. Russia 7. Mexico 8. Indonesia 9. Chile 10. Nigeria 1. Poultry Meat & Prods. (ex. eggs) 2. Prepared Foods 3. Dog & Cat Food 4. Pork & Pork Products 5. Condiments & Sauces 6. Dairy Products 7. Tree Nuts 8. Beef & Beef Products 9. Processed Fruit 10. Fresh Fruit
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5 Foreign households w/real PPP incomes greater than $20,000 a year “Middle Class” Outside the U.S. Expected to Double by 2020 – To 1 Billion Households Worldwide food consumption will be impacted Developing countries Developed countries (ex US) Middle class in developing countries projected to increase 104% by 2020 vs. just 9% in developed countries in 2009 Source: Global Insight’s Global Consumer Markets data as analyzed by OGA
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Global market trends and forecasts 95% of the World’s consumers are outside of the U.S., yet only one in 100 companies export Total U.S. ag exports up 50% since 2009 Long term: World population is projected to increase 32% to 9.1 billion by 2050
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Eligibility Requirements: Must be promoting a brand Headquartered in SUSTA region Small by SBA standards Product at least 50% U.S. agriculture content Origin statement on product. Ex: “Made in USA” Annual Sales Requirement www.susta.org SUSTA Region AL – Alabama AR – Arkansas FL – Florida GA – Georgia KY – Kentucky MD – Maryland NC – North Carolina PR – Puerto Rico SC – South Carolina TN - Tennessee VA – Virginia WV – West Virginia
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Market Access Programs: International Marketing Program –Trade Shows & Trade Missions Brand Promotion –50% Reimbursement www.susta.org
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International Marketing Program International Trade Shows Why Are Trade Shows Beneficial? –To see and meet with existing buyers/distributors –To identify new prospects –Gain market intelligence and –See what competitors are doing. www.susta.org SUSTA Pavilion at Seoul Food & Hotel
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International Marketing Program Inbound & Outbound Trade Missions www.susta.org Ex: Caribbean-Central American Inbound Trade Mission to Miami
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International Marketing Program www.susta.org www.susta.org/events
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. www.susta.org
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Getting started www.susta.org 1) Sign into MySUSTA to access 2016 Pre-qualification 2) Complete 2 page Pre- qualification form 3) Once determined eligible, you can register for 2016 events on a per event basis. www.susta.org
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Brand Promotion 50% reimbursement marketing expenses to grow your brand internationally www.susta.org
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Brand Promotion Eligible Expenses Advertising Printed Sales Materials Direct Mailing to Foreign Buyers Public Relations- Press Kits Website development Freight Packaging/Label Changes In Store Demonstrations and Food Service Promotions In Store Displays Exhibition at International Trade Shows & Approved U.S. Trade Shows International Trade Seminars Sponsored by Company International Trade Missions Travel Expenses Part-Time Contractors for trade seminars and trade shows Promotional Give Away Items www.susta.org
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Brand Promotion First step: Company develops international marketing strategy www.susta.org
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Apply Annually for Brand Promotion * Application includes a marketing plan per country. (limit 10 countries) * 5 year graduation rule per country
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Maximum reimbursement: $300,000 Minimum reimbursement: $2,500 www.susta.org Brand Promotion *Company pays SUSTA 6% administrative fee on reimbursement amount. Ex: If a company requests $2,500 from SUSTA, they will pay a $150 fee
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Next steps: Conduct marketing activity Collect required documentation Submit expenses Receive reimbursement www.susta.org
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Helping small Southern food/ag companies promote products in foreign markets www.susta.org SUSTA Fill out the 2016 Pre-Qualification at www.susta.org If approved for Brand Promotion International Marketing Program Complete 2016 ApplicationStart signing up for 2016 events at: If approved www.susta.org/events -Trade shows Receive 50% reimbursement of -Trade Missions 2016 international marketing expenses
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Contact: Southern U.S. Trade Association 701 Poydras Street Suite 3845 New Orleans, LA 70139 Tel: (504) 568-5986 www.susta.org Email: danielle@susta.org or missie@susta.org Like us on. www.susta.org
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