Chicken Table Egg Market

The global chicken table egg market is forecasted to grow with a CAGR of +2.8% in volume and +5.0% in value from 2022 to 2030. China dominates in consumption, production, and import value. Other key players include the United States, India, Netherlands, and Germany in the market. Global import and export trends indicate fluctuations in volume and value over the years, with significant growth rates seen in certain countries like Japan and Qatar. Prices experienced a notable increase in 2022, with the United States having the highest export price per ton.

Market Forecast

Driven by increasing demand for chicken table eggs worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.8% for the period from 2022 to 2030, which is projected to bring the market volume to 108M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.0% for the period from 2022 to 2030, which is projected to bring the market value to $190.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Chicken Table Eggs

In 2022, the amount of chicken table eggs consumed worldwide totaled 86M tons, flattening at 2021. The total consumption volume increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the consumption volume increased by 6.3% against the previous year. Global consumption peaked at 87M tons in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

The global chicken table egg market value stood at $128.3B in 2022, therefore, remained relatively stable against the previous year. 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). The market value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Global consumption peaked at $128.4B in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Consumption By Country

China (29M tons) constituted the country with the largest volume of chicken table egg consumption, accounting for 34% of total volume. Moreover, chicken table egg consumption in China exceeded the figures recorded by the second-largest consumer, the United States (6.6M tons), fourfold. India (6.6M tons) ranked third in terms of total consumption with a 7.6% share.

In China, chicken table egg consumption increased at an average annual rate of +1.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+1.9% per year) and India (+6.1% per year).

In value terms, China ($43.4B) led the market, alone. The second position in the ranking was taken by Mexico ($12.7B). It was followed by the United States.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +1.7%. The remaining consuming countries recorded the following average annual rates of market growth: Mexico (-0.1% per year) and the United States (+2.8% per year).

The countries with the highest levels of chicken table egg per capita consumption in 2022 were Mexico (23 kg per person), Japan (21 kg per person) and China (21 kg per person).

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +14.7%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Chicken Table Eggs

In 2022, the amount of chicken table eggs produced worldwide was estimated at 86M tons, remaining relatively unchanged against the previous year. The total output volume increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 6.4% against the previous year. Global production peaked at 87M tons in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure. The general positive trend in terms output was largely conditioned by a temperate expansion of the number of producing animals and a relatively flat trend pattern in yield figures.

In value terms, chicken table egg production reduced to $118.8B in 2022 estimated in export price. In general, production, however, saw a mild decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by 19%. Global production peaked at $153B in 2013; however, from 2014 to 2022, production remained at a lower figure.

Production By Country

China (29M tons) remains the largest chicken table egg producing country worldwide, comprising approx. 34% of total volume. Moreover, chicken table egg production in China exceeded the figures recorded by the second-largest producer, the United States (6.7M tons), fourfold. The third position in this ranking was taken by India (6.6M tons), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +1.9%. The remaining producing countries recorded the following average annual rates of production growth: the United States (+1.8% per year) and India (+6.1% per year).

Imports

World Imports of Chicken Table Eggs

In 2022, supplies from abroad of chicken table eggs was finally on the rise to reach 1.8M tons for the first time since 2018, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 16% against the previous year. Over the period under review, global imports hit record highs at 1.9M tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, chicken table egg imports skyrocketed to $2.7B in 2022. The total import value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports By Country

In 2022, Germany (311K tons) and the Netherlands (292K tons) represented the largest importers of chicken table eggsaround the world, together reaching near 34% of total imports. Hong Kong SAR (168K tons) took the next position in the ranking, followed by the United Arab Emirates (107K tons) and Singapore (87K tons). All these countries together took near 20% share of total imports. Canada (71K tons), Belgium (64K tons), France (60K tons), Italy (56K tons), Oman (39K tons), Qatar (37K tons), Israel (30K tons) and the UK (30K tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Qatar (with a CAGR of +122.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest chicken table egg importing markets worldwide were Germany ($610M), the Netherlands ($336M) and Hong Kong SAR ($270M), with a combined 45% share of global imports. Singapore, the United Arab Emirates, Belgium, France, Canada, Italy, Qatar, the UK, Oman and Israel lagged somewhat behind, together accounting for a further 32%.

Qatar, with a CAGR of +97.3%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average chicken table egg import price amounted to $1,527 per ton, surging by 12% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($2,239 per ton), while Israel ($612 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+14.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Chicken Table Eggs

In 2022, shipments abroad of chicken table eggs increased by 6% to 1.7M tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 34% against the previous year. Over the period under review, the global exports attained the maximum at 2M tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, chicken table egg exports skyrocketed to $2.6B in 2022. The total export value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 22% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports By Country

In 2022, the Netherlands (415K tons), distantly followed by Poland (221K tons), Turkey (185K tons), China (107K tons) and Germany (86K tons) were the key exporters of chicken table eggs, together making up 59% of total exports. Thailand (73K tons), Malaysia (69K tons), Spain (57K tons), Belgium (48K tons), Belarus (40K tons), Latvia (37K tons), Japan (31K tons) and the United States (29K tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Japan (with a CAGR of +48.5%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest chicken table egg supplying countries worldwide were the Netherlands ($528M), Poland ($396M) and Turkey ($240M), together comprising 44% of global exports. China, Germany, Malaysia, the United States, Spain, Belgium, Latvia, Japan, Thailand and Belarus lagged somewhat behind, together accounting for a further 38%.

Japan, with a CAGR of +42.7%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average chicken table egg export price amounted to $1,531 per ton, picking up by 15% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The global export price peaked at $1,547 per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($4,586 per ton), while Thailand ($447 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform