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. 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. For example, people in Paraguay will often eat hard-boiled eggs as a snack. Prices in 2022 were considerably higher over the comparable 2021 period extending from Thanksgiving through post-Christmas compared to 2021. A lot of people would be surprised to hear that Paraguay also consumes a lot of eggs every year. Valuable data from the European egg market 2020 and an outlook into the egg industry of tomorrow. %PDF-1.7 Please consult our full legal disclaimer. Key financial deals which have shaped the market in recent years are identified. It should come as no surprise that your pan also has a very strong egg industry. 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. Higher prices for feeder cattle, feeder pigs, concentrates, and nitrogen offset lower prices for other services, hay and forages, complete feeds, and other machinery. Meat production in the country has increased from 6.69 million tonnes . Rate of lay per day on May 1, 2020, averaged 76.8 eggs per 100 layers, down slightly from May 1, 2019. ), Average Farm Price: 670 cents per bushel. Currently, Mexicans eat their eggs fried, poached or scrambled. The USDA quarterly Grain Stocks Report released on January 12th 2023, documented storage of the major commodities, classified according to on-site and remote facilities including elevators and commercial installations. For all of these reasons, eggs are still very popular throughout most of mainland China. Off-farm stocks, at 1.55 billion bushels, are down 4 percent from last December. 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. Turkey production in 2021 was 7 percent below that of 2012. This market excludes sales of bird meat and processed eggs. The five largest shell egg-producing states are home to approximately 44% of all laying hens in the U.S., and the top 10 states comprise 63% of egg production. 3 0 obj Subscribers are referred to weekly USDA wholesale and retail prices posted in the EGG-NEWS Egg Price and Inventory Report E-mailed each Friday. This very segmented study shows all the strength and potential of agribusiness in the country. Quantities of corn and soybeans, the two major commodities relevant to the cost of poultry production were stated to be:-. China also is the first in the world for per capita consumption (40kg per year per person). The top egg-producing provinces in China are Henan, Shandong, Hebei, Liaoning, and Jiangsu. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. 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. Secure .gov websites use HTTPS Currently, you are using a shared account. 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. Egg Market Metrics 12. . 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. Africa Egg Market 19. Official websites use .gov Spot market offerings are light. Sign up today for your free Reader Account! *Includes only MW and NW. Consumption of poultry and egg products is significantly higher than combined consumption of beef, pork, mutton and goat meat. Countries That Consume the Most Eggs Japan Japan consumes more eggs than anywhere else in the world. It traces the market's historic and forecast market growth by geography. It compares the egg market with other segments of the animal produce market by size and growth, historic and forecast. Prices should be compared to the USDA benchmark average 6-Region blended nest-run cost of 80.1 cents per dozen in December, excluding provisions for packing, packaging materials and transport, amounting to 50 cents per dozen according to the EIC. Furthermore, the popularity of eggs has led to a significant increase in their price in Paraguay. 15.7% respectively by 2030 (Figure 6.1). Broiler production grew by 21 percent, and egg production grew by 17 percent. No matter how you use eggs, visit the USDA Economic Research Service (ERS) Poultry & Eggs page for more information. The sharp year-on-year increase is attributed to disequilibrium between supply and demand. 4 0 obj A lock ( LockA locked padlock ) or https:// means youve safely connected to the .gov website. Egg prices in December rose 60% from a year earlier, according to Consumer Price Index data released Thursday. EGG-NEWS will report on the progress of the two major crops as monitored by the USDA through the remainder of November. 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. Unit price in 2022 was $2.17 per dozen compared to $1.02 per dozen in 2021. The pace of growth was the most pronounced in when imports increased by %. FAO. 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. Only 37 stores. The U.S. had 325 million commercial laying hens at the end of 2020, down 5% from 2019. 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. Mexico is the fourth highest country regarding egg consumption per person. Egg Market Characteristics 4. Leading egg producing countries worldwide in 2021 (in number of eggs in billions) [Graph]. In the U.S., one of the top egg-consuming countries, egg consumption is forecast by the U.S. Department of Agriculture (USDA) to reach nearly 290 eggs per capita in 2020. An official website of the United States government. What was the value of the market In 2020? This statistic shows the leading egg producing countries worldwide in 2021. The progression of prices during 2022 to date is depicted in the USDA chart reflecting three years of data, updated weekly. 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. U.S. table egg production totaled 96.9 billion in 2020, down 2% from 2019. Corn stored in all positions on December 1, 2022 totaled 10.8 billion bushels, down 7 percent from December 1, 2021. In China, some 586 billion eggs were produced in that year. Key Mergers And Acquisitions In The Egg Market 21. (Unchanged from the December WASDE Report), USDA Data On Cage-Free Production For January 2023. South America Egg Market 17. China China ranks highest in egg production as it produces about 466 billion 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. 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 figure was projected to reach 288.2 eggs per capita by 2021. Even though Japan does not necessarily produce a lot of eggs, it is one of the biggest importers of eggs and egg products. 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 . Unit value was 115 cents per dozen higher to $2.17 per in 2022 compared to 2021. The demand for eggs in Paraguay has been affected by health concerns about high cholesterol levels. Eggs are an essential source of protein in Chinese households where the average person eats roughly 300 eggs per year. Egg-Type Chicks Hatched Up 1 Percent Egg-type chicks hatched during April 2020 totaled 61.2 million, up 1 percent from April 2019. 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). Chart. The February 2023 WASDE projection retained the price of corn at $6.70 per bushel. In 2020 the proportional contribution of poultry meat is believed to be increased to 40%, the major increment is being happened in the developing world (Delgado, 1999). February 2023 data is shown in the table below:-, Source: Livestock, Dairy and Poultry Outlook released February 14th 2023. The eggs are often consumed as a snack, or used in making desserts, stew, and salads. "Leading egg producing countries worldwide in 2021 (in number of eggs in billions)." Yield was 51.2 bushels per acre in 2021. 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. endobj The USDA Cage-Free Report for January 2023, released on February 1st 2023 documented a 2.8 percent reduction in the complement of hens producing under the Certified Organic Program at 17.5 million (rounded to 0.1 million). Corn is 8 percent ahead of the 4-year average having advanced 6 percent during the past week. In, FAO. The remaining consuming countries recorded the following average annual rates of consumption growth: France (-2.4% per year) and Myanmar (+7.4% per year). USDA-WASDE FORECAST #633, February 8th 2023, Copyright 2023 Simon M. Shane. March 1, 2023 Attach Report (GAIN) January 2023 advertised U.S. retail prices for cage-free eggs were down 25.4 percent from December to an average of $2.67 per dozen based on only two regions. For the Americas, the figure rose from 10.5kg to 11.8kg per person in 2011. The decline was attributed to an outbreak of the avian flu coupled with rising egg prices. 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. It covers the impact and recovery trajectory of Covid 19 for all regions, key developed countries and major emerging markets. The vast majority of U.S. egg production is consumed domestically, with only 7.8 million cases of shell eggs exported in 2020. The United States, which occupies an important place in egg production, produced only 113 billion eggs during the same period as the continent's largest producer. Large size was down 16.3 percent to $3.86 per dozen; the Medium price was down 19.0 percent to $2.77 per dozen as delivered to DCs. It is important to keep the price of eggs relatively low to ensure everyone in China has access to an inexpensive source of protein. . Research and Markets. The forecast USDA farm price for corn was unchanged from the January 2023 WASDE Report at 670 cents per bushel. In , after four years of growth, there was decline in overseas purchases of albumins; egg albumin, drieds, when their volume decreased by -% to kg. USDA Weekly Egg Price and Inventory Report, January 18th 2023. A large percentage of the eggs consumed in China are produced in small-scale farms in rural China. Show publisher information 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. The February 2023 WASDE value for corn yield based on actual harvest data was held at 173.3 bushels per acre. The situation in Ukraine has no short-term prospect for resolution despite initiation of ocean shipments from the Black Sea ports, although this is subject to the whims of the President of the Russian Federation. `?E/|Sl^'@Z]O Furthermore, eggs are commonly used to make mousse and custard. The market characteristics section of the report defines and explains the market. The increased productivity of hens due to improved health and disease prevention, nutrition, genetics, and flock management is demonstrated in the graph to the right. During December 2022 Canada imported 5.2 million dozen down 5.5 percent from December 2021 but with a corresponding 221 percent increase in value to $25.0 million with a unit price of $4.81 per dozen. The Feed and Residual category was held at 5,275 million bushels. Japan has a vibrant egg industry that includes large-scale poultry farmers, processors, and marketers. In Ethiopia from the total chicken meat Of this, 6.8% are organic (22.3 million hens) and 22.5% are non-organic cage-free (73.8 million hens). This indicates a loss in revenue experienced by shippers presumably operating under contract. 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. In 2020, U.S. egg consumption was estimated at 286.2 eggs per person. Measurement of actual egg consumption takes place in only a few countries, the figures presented by the FAO being estimates of the available supplies . January 25, 2023. Egg farmers received $3.34 per dozen for table eggs in November 2022 compared to $1.09 per dozen in November 2022, up 206.4 percent. In many emerging and developing countries the sales of eggs is driven by urbanisation and a continued development of the retail . On average, each laying hen produces 296 eggs per year. Accessed March 04, 2023. https://www.statista.com/statistics/263971/top-10-countries-worldwide-in-egg-production/, FAO. The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the Covid 19 virus and forecasting its recovery. 1 0 obj Updated February 2023 USDA Projection for U.S. 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. They are sometimes eaten raw or used in salads, baked foods, stews, and as a snack. Over one-fourth of eggs produced were further processed into products for foodservice, manufacturing, retail and export. Still, milk production experienced no growth over the same time frame, with the average number of milk cows decreasing by 47,000 since 2020. In the global consumption of chicken eggs, China has a massive lead over all other countries. Executive Summary 2. Feeding the world in a sustainable way is one of our most pressing challenges in the coming decades. HS: 040719, 040729, 040790 FCL: 1091. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information Conversely, only 13 percent of eggs are fertilized, or hatching eggs, which are used for producing chickens. Key Topics Covered: 1. Regulation of the egg production industry ensures the eggs produced are safe for human consumption and ensures there is no damage to the environment. Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). The daily rate of lay averaged 81 eggs per 100 layers in 2020. This past week Midwest Large was approximately $3.40 above the corresponding week in 2022. * FAO estimate. Average weekly egg production for Certified Organic in January 2023 was down by 3.9 percent compared to December 2022 with an average of 82.9 percent on a hen-week basis. 1:00 The claim: Poison control calls jumped 550% in Texas from use of horse and cow dewormer As the COVID-19 pandemic continues to ravage the country, many remain unprotected from it due to. Of the 269 million cases of eggs produced in 2020, well over half were sold as shell eggs through retail outlets. Western Europe Egg Market 14. Goat Hides and Skins. On average, a Japanese individual eats 320 eggs annually. Profit from the additional features of your individual account. The sharp increase in imports by Canada is attributed to higher consumer demand and depletion of some flocks due to HPAI. 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. The quota usage rate increased to 52.9 percent, up from 50.1 percent in 2021, despite an increase in the quota from 23,000 MT in 2021 to 25,400 MT in 2022. Shipper Dock Basis; Wholesale prices; cents per pound unless otherwise noted. The demand for eggs in Japan is so high that the poultry population is almost equal to the human population of 120 million residents. Chinese authorities closely monitor egg farming and production to ensure the highest standards are met. 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%. Research and Markets Even though China has developed quickly, it is still a country where the average person does not have a lot of money. Because eggs are inexpensive when compared to other sources of protein, eggs are incredibly popular in China. After two years of growth, the table egg market in the United Arab Emirates decreased by -% to $ in . Market Background: Animal Produce Market 22. $1.15 to $2.79/doz. Paraguay consumes way more eggs than the vast majority of its neighbors. Weekly National Egg Products/AMS_2842 f.o.b. The decline is mainly due to economic. This was mainly due to reduced costs for fuel and energy but with eggs a standout among the food group. Production by country[edit] Notes[edit] Also the figures coming from the EU, and the EU 2025 and 2030 forecasts look promising. Price range $4.35 to 6.19 per dozen, Average Advertised National Retail Price C-F, L, Brown. North America Egg Market 16. Diets around the world continue to change, and the COVID-19 pandemic has made this shift even more drastic. Antibiotic use in livestock vs. GDP per capita, Antibiotic use in livestock vs. meat supply per capita. Canada was the leading importer of shell eggs in 2022, with 31.8 million dozen representing 45.8 percent of volume and 58.9 percent of the $150.8 million total value of U.S. shipments of shell eggs. Middle East Egg Market 18. 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. There are a lot of countries that consume more eggs than the United States. The forecast for 2023 is 240 million dozen or 3.0 percent of production, up 5.7 percent from 2022. Comparable values for hens over successive months are questioned given the continuing cycle of placing pullets, expansion of facilities and depletion of old hens, with some depopulation due to HPAI but with limited application of molting. Virtually all of this increase per capita is attributed to higher consumption of poultry meat. In some cases, eggs are enriched with minerals and vitamins and sold at a premium. Egg Market Size And Growth 9. The lessened supply has factored into the rising costs of milk worldwide, but especially in the United States. The U.S. had 325 million commercial laying hens at the end of 2020, down 5% from 2019. The disparity between actual wholesale and retail prices indicates that chains are maximizing margins especially on Certified Organic and pastured categories. Japan consumes more eggs than anywhere else in the world. As a result, imports attained the peak of kg. Please create an employee account to be able to mark statistics as favorites. 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). Use Ask Statista Research Service. In addition to having higher lay rates, table egg-type laying hens are also smaller, averaging 3.46 pounds in 2019, while market-ready broiler-type chickens averaged 6.32 pounds. <> Other importing regions collectively received 2.3 million dozen representing 3.3 percent of volume. Egg Market Regional Analysis 10. Soybean stocks stored on farms totaled 1.48 billion bushels, down 3 percent from a year ago. This market also excludes the proceeds from the captive (internal) consumption of the eggs for further processing.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%. The Chinese consume their eggs in cooked or raw form. Egg production in the country has increased from 78.48 billion in 2014-15 to 122.11 billion in 2020-21 (Provisional) taking the per capita availability of eggs to 91 eggs per annum in 2020-21 (Provisional). Overall, imports, however, continue to indicate a relatively flat trend pattern. That is almost one egg per day. It is estimated that the annual egg consumption in 2020 and 2030 will be 25.03 and 30.51 million tons, respectively. At 127.1, the Crop Production Index was up 4.3 percent from last month and 19 percent from the previous year.

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