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. Indicated disappearance for September - November 2022 totaled 1.53 billion bushels, down 4 percent from the same period a year earlier. 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. There are lots of situations where people in China will consume eggs raw. Unit value increased by 46.9 percent to $4,572 per ton, up from the $3,112 received in 2021. The soybean harvest advanced 2 percent to 96 percent, 5 percent ahead of both the 4-year average and the corresponding week in 2021. Sign up today for your free Reader Account! The February 2023 WASDE projection retained the price of corn at $6.70 per bushel. 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. In, FAO. 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. 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. During December 2022 the volume of shell eggs exported declined 47.6 percent from December 2021 to 6.7 million dozen. Soybean stocks stored on farms totaled 1.48 billion bushels, down 3 percent from a year ago. The growth should be around 5.6% compared to 2020, when it showed an increase of 5.4% compared to 2010. Download Sample $9.99 Do Mammals Lay Eggs? Producers received higher prices during November for lettuce, soybeans, market eggs and cattle but lower prices for hogs, hay, milk, and cotton. 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. 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). Global pork production for 2023 was also corrected in the text from 114.0 . It compares the egg market with other segments of the animal produce market by size and growth, historic and forecast. 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 . endobj Additionally, the high cost of production of eggs has resulted in higher egg price which has negatively affected consumption of eggs. Poultry meat and egg production account for more than 28% of the total animal protein produced in world in 1997 (Bogale, 2008). Egg Market Product Analysis 5. That being said, there are still people in the United States who love their eggs. The daily rate of lay averaged 81 eggs per 100 layers in 2020. The forecast for 2023 is 240 million dozen or 3.0 percent of production, up 5.7 percent from 2022. 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 respective numbers of hens claimed for organic and cage-free flocks should reflected the realities of supply and demand in the market over successive quarters. Use Ask Statista Research Service. 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. At 127.1, the Crop Production Index was up 4.3 percent from last month and 19 percent from the previous year. 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. It traces the market's historic and forecast market growth by geography. The egg industry in the U.S. has evolved rapidly over the last few decades. The pace of growth was the most pronounced in 2017 when imports increased by % against the previous year. This strategy restricts volume of sales and is to the disadvantage of producers. 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. Higher prices for feeder cattle, feeder pigs, concentrates, and nitrogen offset lower prices for other services, hay and forages, complete feeds, and other machinery. India ranks third in production of eggs and eight in meat production in the world, said The Economic Survey 2021-22 . The U.S. had 325 million commercial laying hens at the end of 2020, down 5% from 2019. The Saudi table egg market totaled $ in , with an increase of % against the previous year. Consumption of poultry and egg products is significantly higher than combined consumption of beef, pork, mutton and goat meat. 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. The lessened supply has factored into the rising costs of milk worldwide, but especially in the United States. Because eggs are inexpensive when compared to other sources of protein, eggs are incredibly popular in China. 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. Overall, the total consumption indicated a strong increase from 2012 to : its value increased at an average . Still, milk production experienced no growth over the same time frame, with the average number of milk cows decreasing by 47,000 since 2020. Corn is 8 percent ahead of the 4-year average having advanced 6 percent during the past week. Per capita consumption of eggs has increased 15% in the past 20 years. While consumers in the U.S. still demand lactose-free milk alternatives, companies have tried . Flock size may be limited by the availability of pullet chicks for replacement, rate of conversion to alternative housing systems and the cost of ingredients that will influence margins. 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. 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. For example, people in Paraguay will often eat hard-boiled eggs as a snack. Production, consumption and prices were revised from the previous January 19th 2022 report. The reason for demand should be investigated with special emphasis on undiagnosed or undeclared HPAI in this or other Caribbean nations. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information Which Mammals Lay Eggs. Egg Market Metrics 12. For all of these reasons, eggs are still very popular throughout most of mainland China. Where is the largest and fastest growing market for the egg? This is attributed to high domestic price and reduced availability as a result of depopulation of 44 million hens through December, offset by transfer of maturing pullets placed as chicks five months previously. The most prominent rate of growth was recorded in 2015 when imports increased by % against the previous year. This indicates a loss in revenue experienced by shippers presumably operating under contract. It is evident that production and hence exports of wheat, corn and sunflower from Ukraine will be sharply reduced compared to recent annual averages. (January 25, 2023). Diets around the world continue to change, and the COVID-19 pandemic has made this shift even more drastic. Nonetheless, they are also consumed in pastries, in savory dishes, and with rice. There are a lot of countries that consume more eggs than the United States. Eggs contain essential nutrients such as vitamins, minerals, and protein needed for a healthy life. This market drives a large part of the economy and offers a range of business opportunities, says Ricardo . 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 . This figure was projected to reach 288.2 eggs per capita by 2021. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. Egg-Type Chicks Hatched Up 1 Percent Egg-type chicks hatched during April 2020 totaled 61.2 million, up 1 percent from April 2019. Per person, Japan consumes the most eggs every year. Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. This market excludes sales of bird meat and processed eggs. Chicken Run: Dawn of the Nugget will come to Netflix exclusively in 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. Updated February 2023 USDA Projection for U.S. According to a report, the global egg market is expected to grow from $213.13 billion in 2020 to $227.39 billion in. Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). [Online]. Yolk demand is light to moderate. Summary tables for the latest USDA December 2022 prices and flock statistics made available by the EIC on January 5th 2023 are arranged, summarized, tabulated and reviewed in comparison with values from the previous December 16th 2022 posting reflecting November 2022 costs and production data. The November WASDE #630 is retrievable under the STATISTICS Tab. 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. 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. Meat is an important source of nutrition for many people around the world. Even though Paraguay is not a very big country, the average person in Paraguay consumes approximately 310 eggs every year. (Unchanged from the December WASDE Report), USDA Data On Cage-Free Production For January 2023. What forces will shape the market going forward? Figures were rounded to provide a better understanding of the statistic. x}ksGwG?Y`UN8.MfDJ#x l&cn4PY.h&c'+;xY|_n?f3i_o|X-_?gooU_$83E=(5_~$O/_~qo_~F>j8"D9}2>&glr>:?7C!Y|puZ{E$_LXB>+v8))sWgd(>+&gl%|uL6n@#H3/Yp4dkanY5rEgEs?_O%ds9_5l!%|x>`,nH,Z-p= ]2AIlKEpqNYQB'a3}OVEo 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. In general, the total consumption indicated pronounced growth from 2012 to : its value increased at an average annual rate of +% over the last decade. Imports peaked at kg in , and then fell in the following year. Price range $4.35 to 6.19 per dozen, Average Advertised National Retail Price C-F, L, Brown. 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. Per capita consumption is a measure of total egg production, less exports, divided by the total U.S. population. The January 17th 2022 edition of the USDA Egg Market News Report documented a USDA Combined Region value rounded to the nearest cent, of. Of the total stocks, 6.75 billion bushels are stored on farms, down 7 percent from a year earlier.