U.S. - Poultry - Market Analysis, Forecast, Size, Trends and Insights
Chile Emerges as a Major Poultry Supplier to the US
IndexBox has just published a new report "U.S. Poultry Market. Analysis And Forecast to 2025". Here is a summary of the report’s key findings.
Poultry Consumption Indicated an Upward Trend Pattern
From 2008 to 2016, the U.S. poultry market showed an upward trend, amounting to $X in 2016. From 2008 to 2016, the market expanded with an annual average growth rate of+X%. In physical terms, the market reached X tonnes.
Consumption is Projected to Reach X Tonnes by the End of 2025
For many years now,a steady, upward trend has remained typical in terms of the consumption of poultry meat; it is projected that this positive trend is set to continue in the medium term. Poultry is relatively easy to prepare and cook; it is used in many of the ready-meals and processed foods currently available and it is also relatively cheap and easy to assimilate or digest in comparison with other meat-based products. As the population increases, therefore, in tandem with people's concerns about maintaining a healthy diet and the ever increasing pace of daily life, poultry consumption will expand. Market performance is expected to increase over the next nine years from 2016 to 2025, which is then expected to lead the market volume to X tonnes by the end of 2025.
Poultry Production Increased by X% from the Outset Level
U.S. poultry manufacturing illustrated a positive dynamic over the last few years. In 2016, the value of shipments in the industry reached $X, rising with a CAGR of +X% from 2008 to 2016. It finally increased by X% over the last eight years. In physical terms, production increased, after experiencing a slight X% decline in 2009.
Chicken Was the Most Popular in Terms of Production
Chicken meat accounted for the highest share (X%, based on tonnes) of U.S poultry manufacturing in 2016, followed by turkey meat (X%); the remaining X% of production was occupied by duck meat. The most notable rates of growth in U.S. poultry manufacturing from 2008 to 2016 were attained by chicken meat (+X% per year) and duck meat (+X%), while turkey meat experienced negative paces of growth.
The USA Saw Its Position Weaken as a Global Supplier of Poultry
The share of imports in consumption did not exceed X%, and it is not likely to increase significantly. Local producers in the USA are almost able to fully satiate domestic demand: the country’s poultry industry has a stable, solid foundation and the industry boasts a number of market competitors. Due to a low trade intensity, imports should not be regarded as strong factors influencing U.S. market dynamics in the medium term.
The share of exports in poultry production in the U.S. fell from X% in 2008 to X% in 2016, due to the suspension of supplies in 2015 to the two major export destinations, namely China and Russia. This significantly weakened the USA’s position as a key poultry supplier to the global market – the share of the U.S. in terms of global exports contracted from X% in 2008 to X% in 2016.
U.S. Poultry Exports Have as Yet Failed to Regain Their Strength, Following the Ban Imposed by Russia and China in 2015
The U.S. exported $X of poultry in 2016, which accounted for X% of U.S. poultry output. The country boasts a well-developed poultry industry, which is fully capable not only of meeting domestic demand,but also to send abroad large volumes of its produce, thereby standing out as the second largest poultry exporter in the world, after Brazil.
U.S. poultry exports dropped dramatically in 2015, falling by X% y-o-y, and then stabilizing at this level in 2016. This slump was caused by a ban on American poultry imports introduced by Russia and China, previously key export destinations. The Chinese ban was motivated by bird diseases found in American poultry, while the Russian ban was implemented as a counteraction to sanctions forced by the U.S.against Russia due to geopolitical tensions.
Whatever the case, these bans have had a strong impact on the market. Russia and China stopped poultry imports from the U.S., thereby forcing U.S. suppliers to find alternative markets. Mexico (X tonnes), Hong Kong (China SAR) (X tonnes), Cuba (X tonnes), Canada (X K tonnes) and Angola (X tonnes) were the main destinations for U.S. poultry exports in 2016, together comprising X% of U.S. exports. From 2007 to 2016, Hong Kong (+X% per year) and Mexico (+X% per year) became the fastest growing destinations.
Chile Emerged as a Major Poultry Supplier to The US; However, Imports Remain Negligible
The value of total U.S. poultry imports totalled $X in 2016, expanding at an average annual rate of +X the period under review. However, the share of imports in consumption did not exceed even X%, and it is not likely to increase significantly.Since the U.S. poultry market is buoyed by strong domestic production,imports should not be regarded as strong factors influencing U.S. market dynamics in the medium term.
Canada (X% of total imports in 2016, based on USD) and Chile (X%) were the main suppliers of poultry into the U.S. Chile was the fastest growing supplier – the volume of imports from Chile increased more than tenfold in physical terms from 2007 to 2016 and skyrocketed from X USD to X USD over the same period. However, these figures still remain negligible against the overall market scale. Cuts and edible offal of chicken, frozen ($X the largest share of X% (in value terms) of total imports in 2016, increasing with a CAGR of +X% from 2007 to 2016. It was followed by the category cuts and edible offal of turkey, frozen ($X), which accounted for X% of total imports.
Do you want to know more about the U.S. poultry market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- poultry market share
- poultry prices
- poultry industry
- poultry sales
- poultry import
- poultry export
- poultry market forecast
- poultry price forecast
- key poultry producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the poultry market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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