You have permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. 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. In the past five years, egg consumption in Mexico sharply declined. "Leading egg producing countries worldwide in 2021 (in number of eggs in billions)." Over the period under review, the market reached the peak level at $ in 2019; however, from to , consumption failed to regain momentum. . Many companies in Canada are adopting this technology with the help of funds from the government and the Canadian Agricultural Adaptation Program.The eggs market consists of the sale of raw eggs by entities (organizations, sole traders and partnerships) that produce raw eggs, including poultry farms and other entities which breed, and/or hatch and/or raise hens and other birds. Egg farmers received $3.34 per dozen for table eggs in November 2022 compared to $1.09 per dozen in November 2022, up 206.4 percent. Currently, you are using a shared account. Key financial deals which have shaped the market in recent years are identified. The U.S. had 325 million commercial laying hens at the end of 2020, down 5% from 2019. It is not unusual to see eggs added to stews, baked foods, salads, and numerous other dishes. Negotiated nest-run cage-free price for January 2023 averaged $4.97 per dozen down by 9.8 percent from $5.51 per dozen in December reflecting lower demand. Posted by Kim Ha, Market and Trade Economics Division, Economic Research Service in, More, Better, and New Market Opportunities. 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. Reports on volumes of commodities exported are included in weekly editions of EGG-NEWS based on published USDA data. Diets around the world continue to change, and the COVID-19 pandemic has made this shift even more drastic, although with a slow short-term recovery beginning. Meat is an important source of nutrition for many people around the world. 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. *Includes only MW and NW. While consumers in the U.S. still demand lactose-free milk alternatives, companies have tried . | Source: . * FAO estimate. Per Capita Consumption of Poultry and Livestock, 1965 to Forecast 2022, in Pounds 1/ Includes beef, pork, veal, and mutton/lamb, but excludes edible offals. "Egg Global Market Report 2020-30: COVID-19 Impact and Recovery", https://www.researchandmarkets.com/r/pp57vp. * 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. [n 1]China was by far the largest producer of eggplants, accounting for nearly 65% of global production at 36,557,611 tonnes. Since 2010, average table egg lay rates have increased nearly 6 percent, while broiler lay rates have increased 1 percent. It compares the egg market with other segments of the animal produce market by size and growth, historic and forecast. Over one-fourth of eggs produced were further processed into products for foodservice, manufacturing, retail and export. TABLES SHOWING KEY PARAMETERS FOR DECEMBER 2022. The vast majority (87 percent) of eggs produced in the United States are unfertilized table eggs. (January 25, 2023). This figure was projected to reach 288.2 eggs per capita by 2021. 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. Eggs in incubators totaled All the software and code that we write is open source and made available via GitHub under the permissive MIT license. The most prominent rate of growth was recorded in 2015 when imports increased by % against the previous year. Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Even though China has developed quickly, it is still a country where the average person does not have a lot of money. Leading egg producing countries worldwide in 2021 (in number of eggs in billions) [Graph]. 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. Highly pathogenic avian influenza resulted in depletion of 44 million hens with a reduction of 20 million producing birds in the supply flock on average from mid 2022 onwards. Value increased 78.2 percent to $29.4 million. Regulation of the egg production industry ensures the eggs produced are safe for human consumption and ensures there is no damage to the environment. The countries leading in the average consumption of eggs per person are Japan, Paraguay, China, Mexico, Ukraine, Malaysia, Brunei, Slovakia, Belarus, and the Russian Federation. The controlled supply situation in Canada inhibits flexibility necessitating imports from the U.S. Hong Kong was the second-ranked importer of U.S. shell eggs during 2022. It does not represent demand. In value terms, China ($10.5B) led the market, alone. Consumers are looking for lower-cost, highly nutrient options in their diets like eggs, which have increasingly been embraced around the world for their protein and many other nutritional benefits. The U.S. poultry industry is the world's largest producer and second largest exporter of poultry meat and a major egg producer. Jy9"V|1X8\?|Eg'sM`jYcoWWlvq(3{ Cq/gUABzjb6/BqRd\)gi&$kI$l `%s,z!Egso `|. Consumers are looking for lower-cost, highly dense nutrient options in their diets like eggs, which have increasingly been embraced around the world for their, 401 East State Street, 3rd Floor, Rockford, IL 61104, USA, WATT Executive Guide to World Poultry Trends, Egg consumption continues to rise worldwide to 2029, Global egg consumption to rise worldwide through 2024, Adoption of cage-free egg production continues worldwide, Changing diets change egg consumption worldwide, 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. 2 0 obj Japan consumes more eggs than anywhere else in the world. These eggs are produced for consumption and are what you will find sold at the grocery store. Even though Japan does not necessarily produce a lot of eggs, it is one of the biggest importers of eggs and egg products. 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. Spot market offerings are light. 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. In reality a proportion of both cage free and organic production is downgraded and sold as commodity brown and white eggs. The daily rate of lay averaged 81 eggs per 100 layers in 2020. Also the figures coming from the EU, and the EU 2025 and 2030 forecasts look promising. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. 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. In the US, potatoes were the most consumed vegetables in 2020 FAO. The vast majority of U.S. egg production is consumed domestically, with only 7.8 million cases of shell eggs exported in 2020. The vast majority (87 percent) of eggs produced in the United States are unfertilized table eggs. Valuable data from the European egg market 2020 and an outlook into the egg industry of tomorrow. According to USDAs Agricultural Marketing Service, approximately 66% of U.S. hens must be in cage-free production by 2026 to meet projected demand. Top 10 Vegetable Consumption Statistics Revenue in the vegetable sector totals $835,443m in 2021 The worldwide vegetable oil market value hit $232.3 billion in 2020 America is the world's largest importer of vegetables. Eggs are also quite affordable which is suitable for the low-income households. This average price lags current Midwest weekly values by one week. Projections included in the February 2023 WASDE report reflect the most recent estimates of commodity production in the Southern Hemisphere. Overall, the United States is relatively close to the top of the list in terms of the number of eggs eaten; however, the United States is not anywhere close to the top of the list in terms of the number of eggs eaten per person. In some cases, eggs are enriched with minerals and vitamins and sold at a premium. This would be more useful to the industry for planning and marketing decisions. Key Mergers And Acquisitions In The Egg Market 21. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. Furthermore, eggs are commonly used to make mousse and custard. commercially produce chicken eggs intended for human consumption have over 350 laying hens Testing is part of the UK national control programme ( NCP) for salmonella. 1. How does the market relate to the overall economy, demography and other similar markets? The average person in Japan eats about 320 eggs per year. 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. Sharp rises in price as a result of supply-demand disequilibrium have made U.S. export prices uncompetitive as denoted by lower volumes and values over successive months. Because with a production figure of 576 billion in 2019, China is the country that produces the most eggs on a global scale. In addition to prices, the volume change of commodities marketed also influences the indexes. A large percentage of the eggs consumed in China are produced in small-scale farms in rural China. There are lots of situations where people in China will consume eggs raw. The average 2022 benchmark New York bulk unit price was lowered 1.7 percent from the January report to 282 cents per dozen. 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. Egg Market Regional Analysis 10. The U.S. had 325 million commercial laying hens at the end of 2020, down 5% from 2019. Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. You must not sell eggs. Chinese authorities closely monitor egg farming and production to ensure the highest standards are met. %PDF-1.7 The Chinese government has a close eye on eggs to make sure they are being produced adequately. Japan uses eggs in a wide variety of dishes, including ramen noodles, rice dishes, and popular Japanese pastries. 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. To use individual functions (e.g., mark statistics as favourites, set By comparison yield was 175.8 bushels per acre in 2021. The February 2023 WASDE retained corn and soybean harvest data for the 2022 season, with corn harvested from 79.2 million acres and soybeans from 86.3 million acres. The country has restrictions on the use of antibiotics and pesticides in poultry farms. The Saudi table egg market totaled $ in , with an increase of % against the previous year. The USDA ERS summarised prices as follows:-, The November Prices Received Index (2011 as a base) for Agricultural Production was 133.4, an increase of 4.5 percent from October 2022 and 23 percent from November 2021. Available: https://www.statista.com/statistics/263971/top-10-countries-worldwide-in-egg-production/, Leading egg producing countries worldwide in 2021, Egg production: leading countries worldwide 2021, Total number of laying hens in the U.S. 2000-20201, Total egg production in the U.S. 2000-2021, Share of laying hens by management in the U.S. 2020, U.S. egg market: sales of the leading brands 2022, U.S. egg unit sales of the leading brands 2022, Meat, poultry, fish, and eggs expenditure of U.S. households 2021, U.S. household expenditure on eggs 2021, by region, Average household expenditure per trip on dairy foods in the United States 2022, Volume of eggs produced in Canada 2010-2021, Number of organic egg production farms in Spain 2020, by autonomous community, Number of organic poultry meat and egg production farms in Spain 2020, by region, Number of organic egg farms in Finland 2006-2022, Producer prices of eggs in Norway 2010-2020, Market share of egg producers in Norway 2015, Eggs for consumption production volume in France 2008-2020, Number of egg production in Saudi Arabia by region 2018, Revenue of chicken egg production in the U.S., 2008-2013, Egg production value in Australia FY 2018-2020, Global number of chickens by country 2021, Global oats production 2015/2016-202/2023, Leading egg producing countries worldwide in 2021 (in number of eggs in billions), Find your information in our database containing over 20,000 reports.
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