U.S. - Poultry - Market Analysis, Forecast, Size, Trends and Insights
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View PricingU.S. Poultry Price Soars in June Against High Inflation
U.S. Poultry Export Price per Ton July 2022
In July 2022, the poultry price per ton stood at $1,544 (FOB, US), remaining constant against the previous month. Over the period from January 2022 to July 2022, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in June 2022 when the average export price increased by 16% against the previous month. As a result, the export price reached the peak level of $1,561 per ton, and then fell modestly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($3,704 per ton), while the average price for exports to Congo ($1,103 per ton) was amongst the lowest.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Poultry Export Prices by Type
Prices varied noticeably by the product type; the product with the highest price was duck and goose meat ($5,431 per ton), while the average price for exports of chicken meat ($1,474 per ton) was amongst the lowest.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for the following types: duck and goose meat (+11.2%), while the prices for the other products experienced more modest paces of growth.
U.S. Poultry Exports
In July 2022, exports of poultry from the United States dropped to 300K tons, reducing by -8.2% on the previous month's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 with an increase of 14% month-to-month. As a result, the exports reached the peak of 352K tons. From June 2022 to July 2022, the growth of the exports failed to regain momentum.
In value terms, poultry exports shrank to $464M (IndexBox estimates) in July 2022. The total export value increased at an average monthly rate of +2.5% over the period from January 2022 to July 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain months. The pace of growth appeared the most rapid in May 2022 with an increase of 12% against the previous month. Over the period under review, the exports hit record highs at $511M in June 2022, and then contracted in the following month.
U.S. Poultry Exports by Type
Chicken meat (288K tons) was the largest type of poultry exported from the United States, with a 99.9% share of total exports. Moreover, chicken meat exceeded the volume of the second product type, turkey meat (12K tons), more than tenfold.
From January 2022 to July 2022, the average monthly rate of growth in terms of the volume of export of chicken meat was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: turkey meat (-0.5% per month) and duck and goose meat (-3.2% per month).
In value terms, chicken meat ($425M) remains the largest type of poultry exported from the United States, comprising 92% of total exports. The second position in the ranking was taken by turkey meat ($38M), with an 8.1% share of total exports.
From January 2022 to July 2022, the average monthly rate of growth in terms of the export volume of chicken meat totaled +2.8%. With regard to the other exported products, the following average monthly rates of growth were recorded: turkey meat (-0.5% per month) and duck and goose meat (+7.6% per month).
U.S. Poultry Exports by Country
Mexico (55K tons), China (51K tons) and Taiwan (Chinese) (21K tons) were the main destinations of poultry exports from the United States, together accounting for 43% of total exports. Cuba, the Philippines, Canada, Angola, Vietnam, Guatemala, Haiti, Congo, Colombia and Ghana lagged somewhat behind, together accounting for a further 35%.
From January 2022 to July 2022, the biggest increases were in Colombia (with a CAGR of +18.8%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for poultry exported from the United States were China ($90M), Mexico ($86M) and Canada ($44M), together comprising 47% of total exports. These countries were followed by Taiwan (Chinese), Cuba, the Philippines, Guatemala, Angola, Vietnam, Haiti, Colombia, Congo and Ghana, which together accounted for a further 31%.
In terms of the main countries of destination, Vietnam, with a CAGR of +21.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
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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 2030.
Product coverage:
- FCL 1058 - Chicken meat
- FCL 1059 - Offals and liver of chickens
- FCL 1069 - Duck meat
- FCL 1073 - Goose meat
- FCL 1074 - Offals and liver of geese
- FCL 1075 - Offals and liver of ducks
- FCL 1080 - Turkey meat
- FCL 1081 - Offals and liver of turkey
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
