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 market characteristics section of the report defines and explains the market. 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. FOB Negotiated January price, grade quality, nest-run. It places the market within the context of the wider egg market, and compares it with other markets. February 2023 data is shown in the table below:-, Source: Livestock, Dairy and Poultry Outlook released February 14th 2023. Please consult our full legal disclaimer. Top 20 US Egg Producers in 2021 - Yahoo! Interactive visualization requires JavaScript. 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). Prices in 2022 were considerably higher over the comparable 2021 period extending from Thanksgiving through post-Christmas compared to 2021. Consumption of poultry and egg products is significantly higher than combined consumption of beef, pork, mutton and goat meat. The soybean yield was projected at 50.2 bushels per acre (51.7 bushels per acre in 2021) with a 2022 harvest of 4,346 million bushels. To use individual functions (e.g., mark statistics as favourites, set 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. Unit price in 2022 was $2.17 per dozen compared to $1.02 per dozen in 2021. HyperEye technology identifies the gender of eggs before incubation. This very segmented study shows all the strength and potential of agribusiness in the country. (Unchanged from the December WASDE Report), USDA Data On Cage-Free Production For January 2023. The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers. Livestock and Poultry: World Markets and Trade | USDA Foreign by 2029, an increase of 0.5 kg r.w.e., slightly more than 1%, compared to the base period. The revival in demand amid tight supplies after bird flu outbreak and a sharp rise in poultry feed cost have led to . It compares the egg market with other segments of the animal produce market by size and growth, historic and forecast. Eggs in incubators totaled While consumers in the U.S. still demand lactose-free milk alternatives, companies have tried . * 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. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. Learn more about how Statista can support your business. Because eggs are inexpensive when compared to other sources of protein, eggs are incredibly popular in China. Chicken Meat Production, Consumption and Constraints in Ethiopia - IISTE 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 September - November 2022 indicated disappearance is 4.30 billion bushels, compared with 4.67 billion bushels during the same period last year. endobj Republic of the Congo with 0.080 kg and Burundi with 0.150 kg. 1. Higher prices for feeder cattle, feeder pigs, concentrates, and nitrogen offset lower prices for other services, hay and forages, complete feeds, and other machinery. China also is the first in the world for per capita consumption (40kg per year per person). 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). 4 0 obj In 2022 egg imports as shell but predominantly products will attain 25.9 million dozen shell-equivalents up 42.8 percent from 14.9 million dozen in 2021. 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. 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. It is important to keep the price of eggs relatively low to ensure everyone in China has access to an inexpensive source of protein. Oklahoma Horse Dewormer OverdoseIf it doesn't, then you have an 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. 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. 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. That being said, there are still people in the United States who love their eggs. Japan is also one of the worlds major importers of eggs and egg products. Japan has a vibrant egg industry that includes large-scale poultry farmers, processors, and marketers. Posted by Kim Ha, Market and Trade Economics Division, Economic Research Service in, More, Better, and New Market Opportunities. Projections included in the February 2023 WASDE report reflect the most recent estimates of commodity production in the Southern Hemisphere. The 14.9 million dozen shipped represented 21.4 percent of volume and 12.1 percent of value. Dublin, May 08, 2020 (GLOBE NEWSWIRE) -- The "Egg Global Market Report 2020-30: COVID-19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering. Egg market in Europe | Trends in the egg industry (unchanged since Sept. 21). Dairy, Livestock and Poultry | USDA Foreign Agricultural Service 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. It analyses GDP proportion, expenditure per capita, egg indicators comparison. Corn farmers received $6.49 per bushel in November 2022 compared to $5.26 per bushel in November 2021, up 23.4 percent. The sharp increase in imports by Canada is attributed to higher consumer demand and depletion of some flocks due to HPAI. Value increased 78.2 percent to $29.4 million. REVIEW OF DECEMBER 2022 EGG PRODUCTION COSTS AND STATISTICS. The Saudi table egg market totaled $ in , with an increase of % against the previous year. In addition to its per capita domestic use of 287.4 million eggs, the U.S. is expected by the USDA to export 335 million dozen eggs by 2021. Meat is an important source of nutrition for many people around the world. The Feed and Residual category was held at 5,275 million bushels. 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. Eggs are also used as ingredients in making desserts such as custard and mousse. Eggs are an essential source of protein in Chinese households where the average person eats roughly 300 eggs per year. That is almost one egg per day. They are simple to prepare and a convenient food source. About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. This publication gives quarterly information on egg production, usage and prices. The United States consumes a lot of eggs per year. Virtually all of this increase per capita is attributed to higher consumption of poultry meat. Mexico is the fourth highest country regarding egg consumption per person. Get full access to all features within our Business Solutions. (January 25, 2023). Demand for eggs bounces back amid 2nd Covid wave In , overseas purchases of albuminates and other albumin derivatives (excluding egg albumin)s increased by % to kg for the first time since 2015, thus ending a five-year declining trend. Average flock production in January 2023 should not have included HPAI depopulation, but reflected a number of older flocks some of which were previously molted together with the relatively higher production from pullet chicks placed during August 2022. 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. 5-Region Cost of Production ex farm (1st Cycle)1, Components of USDA 6-Region 1stCycle nest-run Cost of Production:-. Since 2010, average table egg lay rates have increased nearly 6 percent, while broiler lay rates have increased 1 percent. old fashioned cucumbers, tomatoes and onions in vinegar Average per capita egg consumption, measured in kilograms per year (in shell weight). 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 decline is mainly due to economic. The U.S. had 325 million commercial laying hens at the end of 2020, down 5% from 2019. 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. Per capita consumption is a measure of total egg production, less exports, divided by the total U.S. population (Figure 1). The egg industry in the U.S. has evolved rapidly over the last few decades. Eggs are a convenient, cheap, and nutritious food source in China. In China, duck and goose meat consumption increased at an average annual rate of +2.2% over the period from 2007-2018. 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. It is estimated that the annual egg consumption in 2020 and 2030 will be 25.03 and 30.51 million tons, respectively. 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. 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 United States, a leader in both consumption and production of eggs, saw its egg consumption rise since 2011 to a decade-long high of 263.3 eggs consumed per person in 2014. Unit value was 115 cents per dozen higher to $2.17 per in 2022 compared to 2021. 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. Global pork production for 2023 was also corrected in the text from 114.0 . In the US, potatoes were the most consumed vegetables in 2020 The eggs are often consumed as a snack, or used in making desserts, stew, and salads. Other importing regions collectively received 2.3 million dozen representing 3.3 percent of volume. The total volume of exported egg products during 2022 decreased by 27.8 percent to 25,306 metric tons compared to 2021. The sharp year-on-year increase is attributed to disequilibrium between supply and demand. Unit value increased by 46.9 percent to $4,572 per ton, up from the $3,112 received in 2021. Countries That Consume the Most Eggs - WorldAtlas The demand for eggs in Paraguay has been affected by health concerns about high cholesterol levels. This market excludes sales of bird meat and processed eggs. Egg Consumption Per Capita | Helgi Library Meat consumption has been shifting towards poultry. 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. Turkey production in 2021 was 7 percent below that of 2012. Appendix For more information about this report visit https://www.researchandmarkets.com/r/pp57vp. In , after four years of growth, there was decline in overseas purchases of albumins; egg albumin, drieds, when their volume decreased by -% to kg. Profit from the additional features of your individual account. Market Background: Animal Produce Market 22. The egg market section of the report gives context. The forecast USDA farm price for corn was unchanged from the January 2023 WASDE Report at 670 cents per bushel. 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. 2 0 obj During December exports to Mexico were negligible. Egg Market Competitive Landscape 20. The demand for eggs in Japan is so high that the poultry population is almost equal to the human population of 120 million residents. Energy efficiency of meat and dairy production, Environmental footprints of dairy and plant-based milks, Feed required to produce one kilogram of meat or dairy product, Fish and seafood consumption vs. GDP per capita. Producers received higher prices during November for lettuce, soybeans, market eggs and cattle but lower prices for hogs, hay, milk, and cotton. Albumins; egg albumin, dried - Mozambique - Report - IndexBox Platform * FAO estimate. Eggs are a favorite food item in most homes around the world. They are sometimes eaten raw or used in salads, baked foods, stews, and as a snack. Based on Professor Windhorst's production estimates, global consumption will be around 10.3kg per person by 2030. "Leading egg producing countries worldwide in 2021 (in number of eggs in billions)." Recommendations 23. In general, the total consumption indicated pronounced growth from 2012 to : its value increased at an average annual rate of +% over the last decade. Please do not hesitate to contact me. Countries That Consume the Most Eggs Japan Japan consumes more eggs than anywhere else in the world. Do Mammals Lay Eggs? You have permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. In China, some 586 billion eggs were produced in that year. Diets around the world continue to change, and the COVID-19 pandemic has made this shift even more drastic. 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 Market Characteristics 4. 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. No matter how you use eggs, visit the USDA Economic Research Service (ERS) Poultry & Eggs page for more information. 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. Eastern Europe Egg Market 15. As of March 2021, organic and cage-free shell egg production accounted for 29.3% (96.1 million hens) of the current table egg layer flock. EGG-NEWS will report on the progress of the two major crops as monitored by the USDA through the remainder of November. At 127.1, the Crop Production Index was up 4.3 percent from last month and 19 percent from the previous year. 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. Leading egg producing countries worldwide 2021 | Statista In light of these factors, global consumption per capita is projected to increase to only 34.9 kg retail weight equivalent (r.w.e.) 2. 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. 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. Updated February 2023 USDA Projection for U.S. 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 The Chinese consume their eggs in cooked or raw form. This strategy restricts volume of sales and is to the disadvantage of producers. USDA-WASDE FORECAST #633, February 8th 2023, Copyright 2023 Simon M. Shane. 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. Egg consumption continues to rise worldwide to 2029 Report Structure 3. Table Eggs - Qatar - Report - IndexBox Platform A study prepared by TCP Partners shows that Brazilians should consume more eggs in 2023. An official website of the United States government. In many emerging and developing countries the sales of eggs is driven by urbanisation and a continued development of the retail . Egg Market Regional Analysis 10. Table Eggs - United Arab Emirates - Report - IndexBox Platform Soybean stocks stored on farms totaled 1.48 billion bushels, down 3 percent from a year ago. 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. 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. <> Soybean Meal was raised $25 per ton to $450 per ton. Research and Markets. Weekly National Egg Products/AMS_2842 f.o.b.