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Eggs contain essential nutrients such as vitamins, minerals, and protein needed for a healthy life. Off-farm stocks, at 4.06 billion bushels, are down 8 percent from a year ago. In, FAO. Secure .gov websites use HTTPS Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). Here are some stats to help you learn more about this agricultural commodity tied to many springtime observances. This figure was projected to reach 288.2 eggs per capita by 2021. 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. Did you know that in 2019, the U.S. produced more than 113 billion eggs? 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. Egg Market Size And Growth 9. Official websites use .gov In the global consumption of chicken eggs, China has a massive lead over all other countries. 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. Eggs are a favorite food item in most homes around the world. Key Mergers And Acquisitions In The Egg Market 21. 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. 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. Based on the importance of cage-free production, the USDA-AMS issues the report on volumes and prices at monthly intervals for the information of Industry stakeholders. Errata: On January 26, 2023, this Livestock and Poultry: World Markets and Trade report was reposted to correct totals in the Pork Production table (production and consumption) and Pork Trade table (imports and export) on pages 8-9. It is suggested that USDA should consider a quarterly report with more accurate and consistent hen data. In reality a proportion of both cage free and organic production is downgraded and sold as commodity brown and white eggs. 1. TABLES SHOWING KEY PARAMETERS FOR DECEMBER 2022. Eastern Europe Egg Market 15. It traces the market's historic and forecast market growth by geography. Nonetheless, they are also consumed in pastries, in savory dishes, and with rice. Only 37 stores. Reports on volumes of commodities exported are included in weekly editions of EGG-NEWS based on published USDA data. The November Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 137.1, was unchanged from October 2022 but up 11 percent from November 2021. 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. U.S. table egg production totaled 96.9 billion in 2020, down 2% from 2019. Diets around the world continue to change, and the COVID-19 pandemic has made this shift even more drastic. Japan uses eggs in a wide variety of dishes, including ramen noodles, rice dishes, and popular Japanese pastries. Over the period under review, imports, however, recorded a abrupt curtailment. 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. REVIEW OF DECEMBER 2022 EGG PRODUCTION COSTS AND STATISTICS. For all of these reasons, eggs are still very popular throughout most of mainland China. 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. Do Mammals Lay Eggs? 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. 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. changes in the EU egg production and consumption in 2020. . About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. In the US, potatoes were the most consumed vegetables in 2020 This very segmented study shows all the strength and potential of agribusiness in the country. The February 2023 WASDE value for corn yield based on actual harvest data was held at 173.3 bushels per acre. Asia-Pacific Egg Market 13. You must not sell eggs. The USDA raised the projected ending stock for soybeans by 7.7 percent to 225 million bushels. 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. This situation was coupled with increased demand as consumers increased purchases of eggs representing a competitively priced protein source in an inflationary environment. Paraguay residents generally consume more eggs than residents in neighboring South American nations. Virtually all of this increase per capita is attributed to higher consumption of poultry meat. The sharp year-on-year increase is attributed to disequilibrium between supply and demand. Unit value was 115 cents per dozen higher to $2.17 per in 2022 compared to 2021. 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. The Egg Market Global Report 2020 provides strategists, marketers and senior management with the critical information they need to assess the global egg market as it emerges from the Covid 19 shut down. 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. Additionally, the high cost of production of eggs has resulted in higher egg price which has negatively affected consumption of eggs. Ending stocks were projected to be 2.0 percent higher from the January 2023 WASDE to 1,267 million bushels. It covers the impact and recovery trajectory of Covid 19 for all regions, key developed countries and major emerging markets. 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). ), Average Farm Price: 670 cents per bushel. That being said, there are still people in the United States who love their eggs. Feeding the world in a sustainable way is one of our most pressing challenges in the coming decades. [Online]. 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%. 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 But if you have diabetes, some research suggests that eating seven eggs a week increases heart disease risk. In Ethiopia from the total chicken meat 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. Loose. Goat Hides and Skins. 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). Profit from the additional features of your individual account. 5-Region Cost of Production ex farm (1st Cycle)1, Components of USDA 6-Region 1stCycle nest-run Cost of Production:-. . stream For 2022 the remaining regions of importance were the Caribbean other than Bahamas, (5.7 million dozen) and the Middle East (3.4 million dozen with Israel comprising 82 percent due to HPAI and SE flock depletions). OurWorldInData.org/meat-production CC BY Source: Food and Agriculture Organization of the United Nations Note: Data refers to average per capita food supply at the consumer level, but does not correct for any wastages at the household level. Updated February 2023 USDA Projection for U.S. Across U.S cities, the average price for a dozen large grade A eggs was $4.25 last . Overall, imports, however, posted a significant increase. Meat plays a pivotal role in this. FAO. Production, consumption and prices were revised from the previous January 19th 2022 report. Please create an employee account to be able to mark statistics as favorites. It compares the egg market with other segments of the animal produce market by size and growth, historic and forecast. (Unchanged from the December WASDE Report), USDA Data On Cage-Free Production For January 2023. 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. Chart. The pace of growth was the most pronounced in 2017 when imports increased by % against the previous year. 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. Since 2010, average table egg lay rates have increased nearly 6 percent, while broiler lay rates have increased 1 percent. 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. chart map table No matter how you use eggs, visit the USDA Economic Research Service (ERS) Poultry & Eggs page for more information. The ideal entry-level account for individual users. Over 2021 Mexico was second-ranked in shell egg exports receiving 52.2 million dozen valued at $41.9 million. Based on Professor Windhorst's production estimates, global consumption will be around 10.3kg per person by 2030. Executive Summary 2. China China ranks highest in egg production as it produces about 466 billion eggs annually. (January 25, 2023). Market segmentations break down market into sub markets. 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. 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.