It compares the egg market with other segments of the animal produce market by size and growth, historic and forecast. 2 0 obj 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). 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. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. U.S. poultry production has a competitive advantage in the world due to abundant domestic feed resources, primarily soybean meal and corn. The country has restrictions on the use of antibiotics and pesticides in poultry farms. You must not sell eggs. This indicates a loss in revenue experienced by shippers presumably operating under contract. Egg Market Regional Analysis 10. During December exports to Mexico were negligible. The decrease in estimated per capita consumption in 2020 can be attributed to decreased production due to COVID-19 related issues. 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. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information Corn is 8 percent ahead of the 4-year average having advanced 6 percent during the past week. Are you interested in testing our business solutions? Subscribers to EGG-NEWS are referred to the postings depicting weekly prices, volumes and trends and the monthly review of prices, exports and related industry statistics. In the past five years, egg consumption in Mexico sharply declined. In some cases, eggs are enriched with minerals and vitamins and sold at a premium. The lessened supply has factored into the rising costs of milk worldwide, but especially in the United States. by Region 4.2 North America 4.2.1 North America Egg Products Consumption by Country 4.2.2 United States 4.2.3 Canada 4.3 Europe 4.3.1 Europe Egg . 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 USDA Agricultural Prices Report released December 30th 2022 posted November prices for agricultural commodities and expenditures. January 25, 2023. 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. * FAO estimate. 1 0 obj Reports on volumes of commodities exported are included in weekly editions of EGG-NEWS based on published USDA data. Soybean farmers received $14.00 per bushel in November 2022 compared to $12.10 per bushel in November 2021, up 15.7 percent. The sharp year-on-year increase is attributed to disequilibrium between supply and demand. The global egg market is expected to decline from $200.8 billion in 2019 to $198.4 billion in 2020 at a compound annual growth rate (CAGR) of -1.3%. . Valuable data from the European egg market 2020 and an outlook into the egg industry of tomorrow. Also the figures coming from the EU, and the EU 2025 and 2030 forecasts look promising. Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. 1. The demand for eggs in Japan is so high that the poultry population is almost equal to the human population of 120 million residents. As a result, imports attained the peak of kg. The egg market includes eggs from hens, ducks, geese, quails and other birds. Please create an employee account to be able to mark statistics as favorites. The USDA Combined Price last week was approximately $3.70 above the 3-year average. Market size in this market is valued at farm gate prices. The remaining consuming countries recorded the following average annual rates of consumption growth: France (-2.4% per year) and Myanmar (+7.4% per year). Recommendations 23. Egg products have also been impacted but to a lesser extent than shell eggs. In , after four years of growth, there was decline in overseas purchases of albumins; egg albumin, drieds, when their volume decreased by -% to kg. The forecast USDA farm price for corn was unchanged from the January 2023 WASDE Report at 670 cents per bushel. Rate of lay per day on May 1, 2020, averaged 76.8 eggs per 100 layers, down slightly from May 1, 2019. statistic alerts) please log in with your personal account. Regulation of the egg production industry ensures the eggs produced are safe for human consumption and ensures there is no damage to the environment. This includes UK egg packing station throughput by country and egg production system (intensive, barn, free. Figures were rounded to provide a better understanding of the statistic. 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. EGG-NEWS will report on the progress of the two major crops as monitored by the USDA through the remainder of November. February 2023 data is shown in the table below:-, Source: Livestock, Dairy and Poultry Outlook released February 14th 2023. The Ethanol and Byproducts Category was lowered by 3.4 percent to 5,250 million bushels consistent with lower domestic demand for E-10, despite relaxation of COVID-19 restrictions. On average, each laying hen produces 296 eggs per year. Even though China has developed quickly, it is still a country where the average person does not have a lot of money. The estimated total world production for eggplants in 2020 was 56,618,843 metric tonnes, up by 2.2% from 55,376,521 tonnes in 2019. This statistic shows the leading egg producing countries worldwide in 2021. Eggs in incubators totaled A lock ( LockA locked padlock ) or https:// means youve safely connected to the .gov website. The pace of growth was the most pronounced in when imports increased by %. Meat plays a pivotal role in this. The total volume of exported egg products during 2022 decreased by 27.8 percent to 25,306 metric tons compared to 2021. 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. Per capita consumption of eggs in the U.S. 2000-2023, Top U.S. states based on number of laying hens 2021. Global Vegan Egg Substitute Market is valued at approximately USD 141.3 million in 2021 and is anticipated to grow with a healthy growth rate of more than 16.7% over the forecast 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. (Unchanged from the December WASDE Report), USDA Data On Cage-Free Production For January 2023. Only 37 stores. According to a report, the global egg market is expected to grow from $213.13 billion in 2020 to $227.39 billion in. 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. Help us do this work by making a donation. 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. changes in the EU egg production and consumption in 2020. . Eggs are also quite affordable which is suitable for the low-income households. The reason for demand should be investigated with special emphasis on undiagnosed or undeclared HPAI in this or other Caribbean nations. 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. The Chinese government has a close eye on eggs to make sure they are being produced adequately. The Feed and Residual category was held at 5,275 million bushels. 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. In , supplies from abroad of albumins; egg albumin, drieds was finally on the rise to reach kg after four years of decline. Consumption of poultry and egg products is significantly higher than combined consumption of beef, pork, mutton and goat meat. This would be more useful to the industry for planning and marketing decisions. In high income countries, however, changes in consumer preferences, ageing, and slower growing populations will lead to a levelling off in per capita meat consumption and a move towards the consumption of higher valued meat cuts. Where is the largest and fastest growing market for the egg? Eggs are a favorite food item in most homes around the world. China (24.8 billion kilograms in shell) China ranks highest in egg production at 24.8 billion kilograms of unprocessed, in-shell hen's eggs produced annually. Here are some stats to help you learn more about this agricultural commodity tied to many springtime observances. Higher prices for feeder cattle, feeder pigs, concentrates, and nitrogen offset lower prices for other services, hay and forages, complete feeds, and other machinery. In the global consumption of chicken eggs, China has a massive lead over all other countries. Research and Markets U.S. table egg production totaled 96.9 billion in 2020, down 2% from 2019. Corn farmers received $6.49 per bushel in November 2022 compared to $5.26 per bushel in November 2021, up 23.4 percent. The forecast for 2023 is 26.0 million dozen almost unchanged from 2022. This average price lags current Midwest weekly values by one week. Then, eggs are very popular and salads, stews, and desserts. The Saudi table egg market totaled $ in , with an increase of % against the previous year. This market drives a large part of the economy and offers a range of business opportunities, says Ricardo . hatching eggs, and 3.35 million layers producing egg-type hatching eggs. 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.