U.S.: Poultry Market 2024

Poultry Market Size in the U.S.

The U.S. poultry market fell modestly to $X in 2022, flattening at the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Poultry Production in the U.S.

In value terms, poultry production contracted slightly to $X in 2022. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Poultry production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The average yield of poultry in the United States totaled X kg per head in 2022, leveling off at 2021 figures. In general, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the yield increased by X%. The poultry yield peaked in 2022 and is likely to see steady growth in the near future.

In 2022, the number of animals slaughtered for poultry production in the United States totaled X heads, remaining constant against the year before. Over the period under review, the number of producing animals saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the number of producing animals increased by X% against the previous year. As a result, the amount of animals produced reached the peak level of X heads; afterwards, it flattened through to 2022.

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Poultry Exports

Exports from the U.S.

Poultry exports from the United States rose slightly to X tons in 2022, increasing by X% against 2021 figures. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, poultry exports rose rapidly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Mexico (X tons), China (X tons) and Cuba (X tons) were the main destinations of poultry exports from the United States, with a combined X% share of total exports. Taiwan (Chinese), the Philippines, Angola, Canada, Guatemala, Vietnam, Congo, Georgia, Haiti and Colombia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mexico ($X) and Canada ($X) were the largest markets for poultry exported from the United States worldwide, with a combined X% share of total exports. Cuba, Taiwan (Chinese), Angola, the Philippines, Guatemala, Vietnam, Haiti, Congo, Colombia and Georgia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Colombia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average poultry export price amounted to $X per ton, growing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Poultry Imports

Imports into the U.S.

For the third consecutive year, the United States recorded growth in purchases abroad of poultry, which increased by X% to X tons in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, poultry imports skyrocketed to $X in 2022. Over the period under review, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Chile (X tons) constituted the largest supplier of poultry to the United States, with a X% share of total imports. Moreover, poultry imports from Chile exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Chile stood at X%.

In value terms, Chile ($X) constituted the largest supplier of poultry to the United States, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Chile totaled X%.

Import Prices by Country

In 2022, the average poultry import price amounted to $X per ton, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

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