The soybean harvest advanced 2 percent to 96 percent, 5 percent ahead of both the 4-year average and the corresponding week in 2021. Western Europe Egg Market 14. In November, there was increased monthly movement for corn, milk, cattle, and cotton and decreased marketing of soybeans, grapes, lettuce, and wheat.. Higher prices for feeder cattle, feeder pigs, concentrates, and nitrogen offset lower prices for other services, hay and forages, complete feeds, and other machinery. That is almost one egg per day. This statistic shows the leading egg producing countries worldwide in 2021. Preheat oven Imports peaked at kg in , and then fell in the following year. Jy9"V|1X8\?|Eg'sM`jYcoWWlvq(3{ Cq/gUABzjb6/BqRd\)gi&$kI$l `%s,z!Egso `|. Are you interested in testing our business solutions? The number of hens classified as cage-free (but excluding Certified Organic) and including aviary, barn and other systems of housing was inexplicably up 6.3 percent from December 2022 at 93.6 million. 3 0 obj We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. With respect to the World situation it is evident that the 2022 harvest of all crops in Ukraine, a major World supplier, will be reduced by at least one third compared with pre-invasion values. Only 37 stores. This strategy restricts volume of sales and is to the disadvantage of producers. Global trend in egg consumption, Mexico remains the number 1 When looking to the data of selected countries on egg consumption, we can see that the consumption of eggs has been on the rise all over the globe. The demand for eggs, which had fallen during January-February due to the bird flu outbreak, has bounced back with rise in consumption of key poultry commodity to boost immunity amid the second wave of the COVID-19 pandemic, according to government officials and industry experts.. Key Mergers And Acquisitions In The Egg Market 21. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Click here for more on the local economic impact of eggs. Population growth, increased demand from COVID-19 and the continuing popularity of eggs as an alternative source of protein supported demand. It does not represent demand. This very segmented study shows all the strength and potential of agribusiness in the country. All Rights. Diets around the world continue to change, and the COVID-19 pandemic has made this shift even more drastic. . The lessened supply has factored into the rising costs of milk worldwide, but especially in the United States. Even though Japan does not necessarily produce a lot of eggs, it is one of the biggest importers of eggs and egg products. Regulation of the egg production industry ensures the eggs produced are safe for human consumption and ensures there is no damage to the environment. 2. According to the USDA Egg Market News Reports released on January 17th the Midwest wholesale price (rounded to one cent) for Extra-large was down 16.2 percent to $3.88 per dozen. Subsequent USDA projections will provide greater clarity on the effect of HPAI together with the recovery of the post-COVID economy that is impacted by inflation with a 6.0 percent increase in the Consumer Price Index in January compared to the corresponding month in 2021. The USDA Combined Price last week was approximately $3.70 above the 3-year average. Average per capita egg consumption, measured in kilograms per year (in shell weight). The forecast USDA farm price for corn was unchanged from the January 2023 WASDE Report at 670 cents per bushel. Overall, imports, however, continue to indicate a relatively flat trend pattern. Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Eggs contain essential nutrients such as vitamins, minerals, and protein needed for a healthy life. The USDA Crop Progress Report released on November 14th documented continued progress in harvesting both soybean and corn crops as the season winds down. Official websites use .gov Because eggs are inexpensive when compared to other sources of protein, eggs are incredibly popular in China. Africa Egg Market 19. The game has hundreds of achievements and . THE CAT BLOCKS ARE BACK by CHICKENNUGGETUwU999. The Egg Market Global Report 2020 provides strategists, marketers and senior management with the critical information they need to assess the global egg market as it emerges from the Covid 19 shut down. FOB Negotiated January price, grade quality, nest-run. Per person, Japan consumes the most eggs every year. The Saudi table egg market totaled $ in , with an increase of % against the previous year. You only have access to basic statistics. Errata: On January 26, 2023, this Livestock and Poultry: World Markets and Trade report was reposted to correct totals in the Pork Production table (production and consumption) and Pork Trade table (imports and export) on pages 8-9. February 2023 data is shown in the table below:-, Source: Livestock, Dairy and Poultry Outlook released February 14th 2023. Republic of the Congo with 0.080 kg and Burundi with 0.150 kg. Over the period under review, consumption showed prominent growth. Egg Market Segmentation 11. Based on Professor Windhorst's production estimates, global consumption will be around 10.3kg per person by 2030. The November WASDE #630 is retrievable under the STATISTICS Tab. To use individual functions (e.g., mark statistics as favourites, set Egg Market Supply Chain 6. On February 14th the USDA Economic Research Service issued updated values for egg production during 2022 with a projection for 2023. Prices and commentary are incorporated in the Weekly Commodity Report and WASDE #632 released on January 12th are posted in this edition and thereafter retrievable under the STATISTICS tab. Average weekly flock production for cage free flocks other than Certified Organic was up in January 2023 by 5.4 percent over December 2022 with an average of 81.8 percent on a hen-week basis Seasonally, younger flocks increase the availability of cage-free and organic eggs in response to pullet chick placements laid down in anticipation of pre-Easter and pre-Christmas demand. Reports on volumes of commodities exported are included in weekly editions of EGG-NEWS based on published USDA data. The Livestock Production Index, at 143.4, increased 3.2 percent from October and 30 percent from November last year. This market excludes sales of bird meat and processed eggs. Commercial fishing, particularly in reduced fish populations, may be responsible for genetic changes and affect overall population resilience if not carefully managed., Vaccines are effective in decreasing hospitalization and deaths from COVID-19 infection but the emergence of viral variants of concern may diminish their efficacy., The University of Glasgow's Lighthouse Laboratory project . There is obvious doubt as to the accuracy of individual monthly flock numbers especially when reports show a marked change for the last month in a quarter or no change in the cage-free flock for sequential months. In 2022 egg exports as shell and as products combined attained 226.5 million dozen shell-equivalents, or 4.3 percent of production, down 42.2 percent from 392 million dozen or 4.9 percent of production in 2021. Here are some stats to help you learn more about this agricultural commodity tied to many springtime observances. Egg production worldwide 1990-2021 Published by M. Shahbandeh M. Shahbandeh Research expert covering agriculture & FMCG Get in touch with us now , Jan 25, 2023 The production volume of eggs. The average Paraguayan citizen eats approximately 309 eggs annually. There are lots of people who enjoy consuming eggs, but there is one country that consumes more eggs than just about any other place on Earth. At 58.6M tonnes in 2020, Chinese consumption was almost 9 times higher than the US, which ranked second in production and consumption. Recommendations 23. The top egg-producing provinces in China are Henan, Shandong, Hebei, Liaoning, and Jiangsu. In general, the total consumption indicated pronounced growth from 2012 to : its value increased at an average annual rate of +% over the last decade. At the end of 2020, 28% of all hens were in cage-free production, up from 14% in 2016 and 4% in 2010. The number of hens housed in conventional cage environments is decreasing as some egg producers and retailers, food service providers and food manufacturers transition to cage-free eggs. In 2019, Iowa, the top egg-producing state, produced more than 17.1 billion eggs and was home to more than 58 million laying hens, while Ohio produced 10.7 billion eggs and had 36 million laying hens. Feeding the world in a sustainable way is one of our most pressing challenges in the coming decades. Key Topics Covered: 1. It is not unusual to see eggs added to stews, baked foods, salads, and numerous other dishes. U.S. table egg production totaled 96.9 billion in 2020, down 2% from 2019. The per capita consumption of shell eggs and liquids combined for 2022 was reduced fractionally despite higher prices in the January Report to 276.6 eggs but down 3.8 eggs (1.4 percent) from 2021. This was mainly due to reduced costs for fuel and energy but with eggs a standout among the food group. Yield was 51.2 bushels per acre in 2021. endobj For 2022 the remaining regions of importance were the Caribbean other than Bahamas, (5.7 million dozen) and the Middle East (3.4 million dozen with Israel comprising 82 percent due to HPAI and SE flock depletions). Download Sample $9.99 Antibiotic use in livestock vs. GDP per capita, Antibiotic use in livestock vs. meat supply per capita. According to a report, the global egg market is expected to grow from $213.13 billion in 2020 to $227.39 billion in. Does livestock antibiotic use exceed suggested target? On average, a Japanese individual eats 320 eggs annually. In particular, the top 3 egg producing states Iowa, Ohio, Indiana are all located in the Midwest and represented a third of total U.S. egg production last year. Exports of shell eggs since March 2022 have been constrained by availability due to progressive and cumulative depletion of 44 million hens over 11 months as a result of HPAI with the national flock at about 20 million hens less than the pre-HPAI complement. U.S. consumption of poultry meat (broilers, other chicken, and turkey) is considerably higher than beef or pork, but less than total red meat consumption. *Includes only MW and NW. Egg Market Trends And Strategies 8. Based on the importance of cage-free production, the USDA-AMS issues the report on volumes and prices at monthly intervals for the information of Industry stakeholders. At 16H00 on February 8th after release of the WASDE the CME quotation for March delivery was 678 cents per bushel, up 0.9 percent from the quotation on January 12th for February delivery and 1.2 percent above the February USDA projection. HS: 040719, 040729, 040790 FCL: 1091. REVIEW OF DECEMBER 2022 EGG PRODUCTION COSTS AND STATISTICS. The vast majority of U.S. egg production is consumed domestically, with only 7.8 million cases of shell eggs exported in 2020. The September - November 2022 indicated disappearance is 4.30 billion bushels, compared with 4.67 billion bushels during the same period last year. THE USDA Agricultural Prices Report released December 30th 2022 posted November prices for agricultural commodities and expenditures. After two years of growth, the table egg market in the United Arab Emirates decreased by -% to $ in . Middle East was the smallest region in the global egg market.Entities in the egg farming industry are using innovative technologies such as HyperEye to optimize the production of eggs. How does the market relate to the overall economy, demography and other similar markets? Valuable data from the European egg market 2020 and an outlook into the egg industry of tomorrow. (January 25, 2023). Currently, you are using a shared account. 401 East State Street, 3rd Floor, Rockford, IL 61104, USA, WATT Executive Guide to World Poultry Trends, Global egg consumption to rise worldwide through 2024, Worldwide egg consumption continues to grow beyond 2021, Developing countries drive poultry production, consumption to 2029, Mexicos egg consumption, exports to rise this year, Fourth generation family farm maximizes egg production through modern equipment, Strategies and tips for poultry health professionals, Illinois has first HPAI case in commercial poultry, Strategies for addressing biosecurity procedures and challenges, Woman accused of treating Tyson workers without nurse license. The U.S. had 325 million commercial laying hens at the end of 2020, down 5% from 2019. Since 2010, average table egg lay rates have increased nearly 6 percent, while broiler lay rates have increased 1 percent. During December, Hong Kong did not import shell eggs from the U.S. During 2021 Hong Kong imported 53.8 million dozen valued at $48.2 million, Bahamas was third-ranked as a shell-egg importer in 2022 with 5.1 million dozen valued at $10.4 million with a unit value of $2.03 per dozen. North America Egg Market 16. 15.7% respectively by 2030 (Figure 6.1). These eggs are produced for consumption and are what you will find sold at the grocery store. The Chinese consume their eggs in cooked or raw form. Mexico was the fourth-ranked importer of shell eggs during 2022 with 3.8 million dozen representing 5.4 percent of volume and 2.9 percent of total value corresponding to a unit value of $1.16 per dozen, 49.2 percent of the U.S. benchmark average of $2.36 per dozen in 2022. Egg-Type Chicks Hatched Up 1 Percent Egg-type chicks hatched during April 2020 totaled 61.2 million, up 1 percent from April 2019. Some of the factors that affect consumption of eggs in particular regions are cultural values, religious beliefs, customer preference, and income levels. Furthermore, eggs are commonly used to make mousse and custard. The USDA understandably retained values for the production of corn and soybeans for the February edition of the WASDE to reflect actual corn and soybean production and export projections and with consequential changes in market price. Projections included in the February 2023 WASDE report reflect the most recent estimates of commodity production in the Southern Hemisphere. Japan consumes more eggs than anywhere else in the world. Do Mammals Lay Eggs? The decline is mainly due to economic. The average 2022 benchmark New York bulk unit price was lowered 1.7 percent from the January report to 282 cents per dozen. It is evident that production and hence exports of wheat, corn and sunflower from Ukraine will be sharply reduced compared to recent annual averages. For example, people in Paraguay will often eat hard-boiled eggs as a snack. U.S. table egg production totaled 96.9 billion in 2020, down 2% from 2019. That being said, there are still people in the United States who love their eggs. The forecast for 2023 is 240 million dozen or 3.0 percent of production, up 5.7 percent from 2022. In some cases, eggs are enriched with minerals and vitamins and sold at a premium. Paraguay consumes way more eggs than the vast majority of its neighbors. Economists also evaluated the likely impacts of the invasion of Ukraine by the Russian Federation with occupation of 20 percent of the Nations land area and following extensive destruction of infrastructure. A .gov website belongs to an official government organization in the United States. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information Although U.S. egg production is spread across more than 34 states, about 50 percent of production is concentrated in the Midwest, largely due to the availability of low-cost chicken feed. Based on current 2023 data, the projected corn harvest for 2022 was retained at 13,730 million bushels compared to 15,062 million bushels in 2021. Production by country[edit] Notes[edit] Flock size may be limited by the availability of pullet chicks for replacement, rate of conversion to alternative housing systems and the cost of ingredients that will influence margins. Please create an employee account to be able to mark statistics as favorites. All other material, including data produced by third parties and made available by Our World in Data, is subject to the license terms from the original third-party authors. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). hatching eggs, and 3.35 million layers producing egg-type hatching eggs. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. Shipper Dock Basis; Wholesale prices; cents per pound unless otherwise noted. Eggs are also quite affordable which is suitable for the low-income households. In value terms, China ($10.5B) led the market, alone. At 127.1, the Crop Production Index was up 4.3 percent from last month and 19 percent from the previous year. About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. China also is the first in the world for per capita consumption (40kg per year per person). In the past five years, egg consumption in Mexico sharply declined. Japan has a vibrant egg industry that includes large-scale poultry farmers, processors, and marketers. In China, duck and goose meat consumption increased at an average annual rate of +2.2% over the period from 2007-2018. A one month increase of 5.6 million hens is considered unrealistic given that the average number as reported by USDA over the past nine months was 87.9 million with 88 million in December 2022. Loose. Unit value increased by 46.9 percent to $4,572 per ton, up from the $3,112 received in 2021. Eggs are a favorite food item in most homes around the world. The demand for eggs in Japan is so high that the poultry population is almost equal to the human population of 120 million residents. According to the FAO, China's egg production, at a 2% compounded yearly growth rate, could reach a growth of about 34.2 million metric tons of eggs per year by 2020. Profit from the additional features of your individual account. Egg products have also been impacted but to a lesser extent than shell eggs. The demand for eggs in Paraguay has been affected by health concerns about high cholesterol levels. $1.15 to $2.79/doz. In 2019, Iowa, the top egg-producing state, produced more than 17.1 billion eggs and was home to more than 58 million laying hens, while Ohio produced 10.7 billion eggs and had 36 million laying hens. Prices in 2022 were considerably higher over the comparable 2021 period extending from Thanksgiving through post-Christmas compared to 2021. USDA-WASDE FORECAST #633, February 8th 2023, Copyright 2023 Simon M. Shane. Research and Markets Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. The progression of prices during 2022 to date is depicted in the USDA chart reflecting three years of data, updated weekly. It should come as no surprise that your pan also has a very strong egg industry. Currently, Mexicans eat their eggs fried, poached or scrambled. That is almost one egg per day. Projected corn exports were held at 1,926 million bushels, based on recent orders, the volume of projected shipments to China and Mexico and taking into account the anticipated lower availability of coarse grains from Eastern Europe. The sum for Others, Total Foreign, and Total are corrected for 2022 (January forecast). Off-farm stocks, at 1.55 billion bushels, are down 4 percent from last December. This would be more useful to the industry for planning and marketing decisions. A lot of people would be surprised to hear that Paraguay also consumes a lot of eggs every year. Egg Production and Consumption. endobj The reason for demand should be investigated with special emphasis on undiagnosed or undeclared HPAI in this or other Caribbean nations. The sharp year-on-year increase is attributed to disequilibrium between supply and demand. The February 2023 USDA projection for the ending stock of corn was raised 2.0 percent from 1,242 million bushels to 1,267 million bushels with reduced ethanol production. It is important to keep the price of eggs relatively low to ensure everyone in China has access to an inexpensive source of protein. If you are an admin, please authenticate by logging in again. Soybeans stored in all positions on December 1, 2022 totaled 3.02 billion bushels, down 4 percent from December 1, 2021. A lock ( LockA locked padlock ) or https:// means youve safely connected to the .gov website. Of this, 6.8% are organic (22.3 million hens) and 22.5% are non-organic cage-free (73.8 million hens). Mexico is the fourth highest country regarding egg consumption per person. It places the market within the context of the wider egg market, and compares it with other markets. Projected egg production for 2022 was reduced by 0.2 percent from from the January Report to 7,719 million dozen This will be 3.2 percent lower than in 2021 due to depopulation of approximately 44 million hens infected with HPAI from early spring extending through mid-December. The February 2023 WASDE value for corn yield based on actual harvest data was held at 173.3 bushels per acre. USDA projected egg production in 2023 was down 0.3 percent from the January Report to 8,095 million dozen with a per capita consumption of 287.4 eggs down 0.4 percent from the January projection. In many emerging and developing countries the sales of eggs is driven by urbanisation and a continued development of the retail . What forces will shape the market going forward? The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $244.6 billion in 2023.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. Unit price at $1.22 per dozen was $1.14 per dozen below the average prevailing nest-run USDA benchmark price of $2.36* over 2022. Egg Market Product Analysis 5. Meat plays a pivotal role in this. No matter how you use eggs, visit the USDA Economic Research Service (ERS) Poultry & Eggs page for more information. Index of gross unit values, main protein sources in Australia Eggs Milk Beef Lamb Poultry Pork Download data (.XLSX) Consumption of poultry and egg products is significantly higher than combined consumption of beef, pork, mutton and goat meat. The revival in demand amid tight supplies after bird flu outbreak and a sharp rise in poultry feed cost have led to . Goat Hides and Skins. March 1, 2023 Attach Report (GAIN) IEC data for the year 2018 illustrates the difference with high egg consumption in Mexico (368 eggs) and Japan (337) and a lower consumption in South Africa (130). Based on a comparison of 161 countries in 2020, Netherlands ranked the highest in egg consumption per capita with 22.2 kg followed by China and Mexico. This figure was projected to reach 288.2 eggs per capita by 2021. Accessed March 04, 2023. https://www.statista.com/statistics/263971/top-10-countries-worldwide-in-egg-production/, FAO. Appendix For more information about this report visit https://www.researchandmarkets.com/r/pp57vp. Get full access to all features within our Business Solutions. Egg production in China will remain as a huge and strong industry for the future development, and egg products will still be a popular and affordable food for Chinese people, but growth will be at a slower pace. Also the figures coming from the EU, and the EU 2025 and 2030 forecasts look promising. Those fertilized eggs may contain either table egg-type chickens that are bred for laying the unfertilized table eggs or broiler-type chickens that are bred for producing meat. * USDA Benchmark nest-run unit prices: January, $1.05 per dozen; February, $1.35; March, $1.58; April, $2.36; May, $2.09; June, $1.91; July, $2.71, August, $1.91, September $2.70, October $2.84, November, $3.40 and December $4.39. Eggs are also used as ingredients in making desserts such as custard and mousse. This publication gives quarterly information on egg production, usage and prices. EGG-NEWS summarizes and comments on data and trends in the monthly USDA Cage-Free Report, correlating and interpreting the data posted weekly on the EGG-NEWS Egg Weekly Price and Inventory Report. Eggs in incubators totaled Read what egg producers can take away from this. Egg Market Competitive Landscape 20. The respective numbers of hens claimed for organic and cage-free flocks should reflected the realities of supply and demand in the market over successive quarters. On average, each laying hen produces 296 eggs per year. Some studies have shown that this level of egg consumption might even help prevent certain types of stroke and a serious eye condition called macular degeneration that can lead to blindness. Corn stored in all positions on December 1, 2022 totaled 10.8 billion bushels, down 7 percent from December 1, 2021. Asia is followed by the Americas with 303 billion. [Online]. <>/ExtGState<>/XObject<>/Pattern<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 13 0 R 16 0 R 17 0 R 22 0 R 25 0 R 26 0 R 27 0 R 28 0 R 29 0 R 30 0 R 33 0 R 34 0 R 35 0 R 36 0 R 37 0 R 38 0 R 44 0 R] /MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 1>> Over one-fourth of eggs produced were further processed into products for foodservice, manufacturing, retail and export. Cheap Imports While demand for poultry and egg products has. This market drives a large part of the economy and offers a range of business opportunities, says Ricardo .