U.S. - Poultry - Market Analysis, Forecast, Size, Trends and Insights
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U.S. - Poultry - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Sep 14, 2022

U.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.

Source: IndexBox Market Intelligence 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 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2021
Figure 22:
Production, In Value Terms, 2012–2021
Figure 23:
Producing Animals Slaughtered, 2012–2021
Figure 24:
Yield, 2012–2021
Figure 25:
Imports, In Physical Terms, 2012–2021
Figure 26:
Imports, In Value Terms, 2012–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2012–2021
Figure 29:
Imports, In Value Terms, By Country, 2012–2021
Figure 30:
Import Prices, By Country Of Origin, 2012–2021
Figure 31:
Exports, In Physical Terms, 2012–2021
Figure 32:
Exports, In Value Terms, 2012–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2012–2021
Figure 35:
Exports, In Value Terms, By Country, 2012–2021
Figure 36:
Export Prices, By Country Of Destination, 2012–2021
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