[n 1]China was by far the largest producer of eggplants, accounting for nearly 65% of global production at 36,557,611 tonnes. About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. (unchanged since Sept. 21). Unpredictable factors affecting price will include the extent of losses in the ongoing avian influenza epornitic that may undergo a resurgence late during the 1st quarter of 2023; the supply and cost of ingredients as influenced by events in Ukraine; limited export volume of eggs and the duration of current high domestic consumer demand. Japan is also one of the worlds major importers of eggs and egg products. The pace of growth was the most pronounced in 2017 when imports increased by % against the previous year. This statistic shows the leading egg producing countries worldwide in 2021. Liquid Eggs whole egg and whites is steady to firm, while continuing steady to barely steady for yolk. Dependent territories are shown in italics. Over the period under review, the market reached the peak level at $ in 2019; however, from to , consumption failed to regain momentum. 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%. 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. Egg products have also been impacted but to a lesser extent than shell eggs. ", FAO, Leading egg producing countries worldwide in 2021 (in number of eggs in billions) Statista, https://www.statista.com/statistics/263971/top-10-countries-worldwide-in-egg-production/ (last visited March 04, 2023), Leading egg producing countries worldwide in 2021 (in number of eggs in billions) [Graph], FAO, January 25, 2023. <> The egg industry in the U.S. has evolved rapidly over the last few decades. U.S. poultry production has a competitive advantage in the world due to abundant domestic feed resources, primarily soybean meal and corn. The price projections for soybeans and soybean meal deviated from the February 8th CME quotations for March delivery of corn and soybean meal respectively. 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. This situation was coupled with increased demand as consumers increased purchases of eggs representing a competitively priced protein source in an inflationary environment. It is estimated that the annual egg consumption in 2020 and 2030 will be 25.03 and 30.51 million tons, respectively. This includes UK egg packing station throughput by country and egg production system (intensive, barn, free. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information It should come as no surprise that your pan also has a very strong egg industry. That being said, there are still people in the United States who love their eggs. In the global consumption of chicken eggs, China has a massive lead over all other countries. 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. 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. FAO. Egg Production and Consumption. During December exports to Mexico were negligible. Read what egg producers can take away from this. The country has restrictions on the use of antibiotics and pesticides in poultry farms. This strategy restricts volume of sales and is to the disadvantage of producers. In the US, potatoes were the most consumed vegetables in 2020 Per capita consumption remained broadly flat at 246 eggs per capita 43. Across U.S cities, the average price for a dozen large grade A eggs was $4.25 last . That is almost one egg per day. Even though Japan does not necessarily produce a lot of eggs, it is one of the biggest importers of eggs and egg products. The demand for eggs in Japan is so high that the poultry population is almost equal to the human population of 120 million residents. 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. (January 25, 2023). The revival in demand amid tight supplies after bird flu outbreak and a sharp rise in poultry feed cost have led to . It is accepted that USDA projections for export are also based on the perceived intentions and needs of China. The U.S. had 325 million commercial laying hens at the end of 2020, down 5% from 2019. 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. China also is the first in the world for per capita consumption (40kg per year per person). Liquid whole egg and white demand is moderate to good. 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. 5-Region Cost of Production ex farm (1st Cycle)1, Components of USDA 6-Region 1stCycle nest-run Cost of Production:-. Rate of lay per day on May 1, 2020, averaged 76.8 eggs per 100 layers, down slightly from May 1, 2019. The pace of growth was the most pronounced in when imports increased by %. Even though Paraguay is not a very big country, the average person in Paraguay consumes approximately 310 eggs every year. 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. This was 138 percent higher than in 2021 attributed to unseasonal high prices from the end of March through the 4th Quarter of 2022. The Chinese government has a close eye on eggs to make sure they are being produced adequately. 2 0 obj Interactive visualization requires JavaScript. 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. 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. The soybean harvest advanced 2 percent to 96 percent, 5 percent ahead of both the 4-year average and the corresponding week in 2021. The forecast for 2023 is 240 million dozen or 3.0 percent of production, up 5.7 percent from 2022. 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. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Countries That Consume the Most Eggs Japan Japan consumes more eggs than anywhere else in the world. Soybean farmers received $14.00 per bushel in November 2022 compared to $12.10 per bushel in November 2021, up 15.7 percent. Over 2021 Mexico was second-ranked in shell egg exports receiving 52.2 million dozen valued at $41.9 million. The 14.9 million dozen shipped represented 21.4 percent of volume and 12.1 percent of value. Overall, imports, however, continue to indicate a relatively flat trend pattern. Profit from the additional features of your individual account. Corn is 8 percent ahead of the 4-year average having advanced 6 percent during the past week. Executive Summary 2. Besides eating shell eggs, Mexicans consumption of egg-based products has significantly risen. 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. 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. Eggs, Excluding Hen Eggs. Meat production in the country has increased from 6.69 million tonnes . Business Solutions including all features. China China ranks highest in egg production as it produces about 466 billion eggs annually. 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. You have permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. Since 2010, average table egg lay rates have increased nearly 6 percent, while broiler lay rates have increased 1 percent. 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. Egg prices in December rose 60% from a year earlier, according to Consumer Price Index data released Thursday. 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. <>/Metadata 723 0 R/ViewerPreferences 724 0 R>> Off-farm stocks, at 4.06 billion bushels, are down 8 percent from a year ago. For all of these reasons, eggs are still very popular throughout most of mainland China. The estimate of soybean yield was held at 49.5 bushels per acre. Chart. 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. Shell egg exports from the U.S. during 2022 decreased by 64.9 percent in volume and 25.5 percent in total value compared to 2021. It places the market within the context of the wider egg market, and compares it with other markets. Reports on volumes of commodities exported are included in weekly editions of EGG-NEWS based on published USDA data. The average 2022 benchmark New York bulk unit price was lowered 1.7 percent from the January report to 282 cents per dozen. Per person, Japan consumes the most eggs every year. Additionally, the high cost of production of eggs has resulted in higher egg price which has negatively affected consumption of eggs. Measurement of actual egg consumption takes place in only a few countries, the figures presented by the FAO being estimates of the available supplies . Eggs in incubators totaled Global egg production continues to increase at an average of 3% per year The latest global data shows ongoing growth in egg production worldwide, with an average yearly increase of 3% over the View All slide 10 to 13 of 17 Our Supporters We are extremely grateful to the members of the IEC Support Group for their patronage. Furthermore, eggs are commonly used to make mousse and custard. The forecast USDA farm price for corn was unchanged from the January 2023 WASDE Report at 670 cents per bushel. In light of these factors, global consumption per capita is projected to increase to only 34.9 kg retail weight equivalent (r.w.e.) The ideal entry-level account for individual users. 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. endobj The progression of prices during 2022 to date is depicted in the USDA chart reflecting three years of data, updated weekly. You only have access to basic statistics. This figure was projected to reach 288.2 eggs per capita by 2021. The vast majority of U.S. egg production is consumed domestically, with only 7.8 million cases of shell eggs exported in 2020. 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. Egg Market Characteristics 4. Indicated disappearance for September - November 2022 totaled 1.53 billion bushels, down 4 percent from the same period a year earlier. 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. endobj 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. But if you have diabetes, some research suggests that eating seven eggs a week increases heart disease risk. During December 2022 the volume of shell eggs exported declined 47.6 percent from December 2021 to 6.7 million dozen. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Meat plays a pivotal role in this. 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. FEBRUARY 2023 WASDE #633 PROJECTIONS FOR THE 2022 CORN HARVEST: (88.6 m. acres planted, harvest corresponding to 89.4% of acres harvested), (was 172.3 bushels per acre in the December WASDE. Egg Market Competitive Landscape 20. The Egg market global report answers all these questions and many more.Asia Pacific was the largest region in the global egg market, accounting for 64% of the market in 2019. No matter how you use eggs, visit the USDA Economic Research Service (ERS) Poultry & Eggs page for more information. The January 17th 2022 edition of the USDA Egg Market News Report documented a USDA Combined Region value rounded to the nearest cent, of. A large percentage of the eggs consumed in China are produced in small-scale farms in rural China. 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. Eggs in Japan are mostly eaten raw. Of the total stocks, 6.75 billion bushels are stored on farms, down 7 percent from a year earlier. 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. In some cases, eggs are enriched with minerals and vitamins and sold at a premium. Price range $4.35 to 6.19 per dozen, Average Advertised National Retail Price C-F, L, Brown. Even though China has developed quickly, it is still a country where the average person does not have a lot of money. 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. 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. Other importing regions collectively received 2.3 million dozen representing 3.3 percent of volume. Please create an employee account to be able to mark statistics as favorites. The disparity between actual wholesale and retail prices indicates that chains are maximizing margins especially on Certified Organic and pastured categories. Industrial egg-liquid consumption will be influenced by reduced availability and higher cost that will once more drive demand for alternatives to real eggs as in 2015. The sharp year-on-year increase is attributed to disequilibrium between supply and demand. Key Mergers And Acquisitions In The Egg Market 21. Population growth, increased demand from COVID-19 and the continuing popularity of eggs as an alternative source of protein supported demand. 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-WASDE FORECAST #633, February 8th 2023, Copyright 2023 Simon M. Shane. In China, some 586 billion eggs were produced in that year. A lock ( LockA locked padlock ) or https:// means youve safely connected to the .gov website. Per capita consumption is a measure of total egg production, less exports, divided by the total U.S. population. On average, a Japanese individual eats 320 eggs annually. In China, duck and goose meat consumption increased at an average annual rate of +2.2% over the period from 2007-2018. "Leading egg producing countries worldwide in 2021 (in number of eggs in billions)." 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. <> Asia is followed by the Americas with 303 billion. 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 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%. It traces the market's historic and forecast market growth by geography. This is due to reduced consumption due to an escalation in gasoline price. During 2021 the U.S. exported 35,068 metric tons of egg products valued at $109.1 million with a unit price of $3,108 per metric ton. It analyses GDP proportion, expenditure per capita, egg indicators comparison. Key Topics Covered: 1. The average 2022 benchmark New York bulk unit price was lowered 1.7 percent from the January report to 282 cents per dozen. Table egg layers had an average lay rate of about 0.81 eggs per day in 2019, whereas broiler-type layers averaged only 0.61 eggs per day. 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 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. `?E/|Sl^'@Z]O Of course, eggs are also an integral part of the standard American breakfast. This was mainly due to reduced costs for fuel and energy but with eggs a standout among the food group. Per capita consumption of eggs has increased 15% in the past 20 years. 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 .