U.S. - Chicken Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChicken Meat Price per Ton June 2022
U.S. Chicken Meat Export Price per Ton June 2022
In June 2022, the chicken meat price per ton amounted to $1,507 (FOB, US), picking up by 18% against the previous month. Over the period from January 2022 to June 2022, it increased at an average monthly rate of +3.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($3,751 per ton), while the average price for exports to Georgia ($878 per ton) was amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Chicken Meat Export Prices by Type
The average chicken meat export price stood at $1,507 per ton in June 2022, rising by 18% against the previous month. Over the last five-month period, it increased at an average monthly rate of +3.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major types of exported product. In June 2022, the highest price was recorded for prices to fresh or chilled cuts of chicken ($1,756 per ton) and frozen whole chickens ($1,712 per ton), while the average price for exports of fresh or chilled whole chickens ($1,253 per ton) and frozen cuts of chicken ($1,460 per ton) were amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was recorded for the following types: frozen whole chicken (+13.2%), while the prices for the other products experienced more modest paces of growth.
U.S. Chicken Meat Exports
Chicken meat exports from the United States reduced to 316K tons in June 2022, shrinking by -6.3% against May 2022. The total export volume increased at an average monthly rate of +2.3% from January 2022 to June 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in February 2022 when exports increased by 13% against the previous month. The exports peaked at 338K tons in May 2022, and then dropped in the following month.
In value terms, chicken meat exports expanded sharply to $477M (IndexBox estimates) in June 2022. The total export value increased at an average monthly rate of +5.8% from January 2022 to June 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain months. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
U.S. Chicken Meat Exports by Type
Frozen cuts of chicken (264K tons) was the largest type of chicken meat exported from the United States, accounting for a 83% share of total exports. Moreover, frozen cuts of chicken exceeded the volume of the second product type, fresh or chilled cuts of chicken (50K tons), fivefold. Frozen whole chickens (1.8K tons) ranked third in terms of total exports with a 0.6% share.
From January 2022 to June 2022, the average monthly rate of growth in terms of the volume of export of frozen cuts of chicken amounted to +2.9%. With regard to the other exported products, the following average monthly rates of growth were recorded: fresh or chilled cuts of chicken (+1.2% per month) and frozen whole chickens (-21.7% per month).
In value terms, frozen cuts of chicken ($386M) remains the largest type of chicken meat exported from the United States, comprising 81% of total exports. The second position in the ranking was held by fresh or chilled cuts of chicken ($87M), with an 18% share of total exports. It was followed by frozen whole chickens, with a 0.6% share.
From January 2022 to June 2022, the average monthly growth rate of the export volume of frozen cuts of chicken stood at +5.9%. With regard to the other exported products, the following average monthly rates of growth were recorded: fresh or chilled cuts of chicken (+6.3% per month) and frozen whole chickens (-11.4% per month).
U.S. Chicken Meat Exports by Country
China (59K tons), Mexico (53K tons) and Taiwan (Chinese) (28K tons) were the main destinations of chicken meat exports from the United States, with a combined 44% share of total exports. These countries were followed by Cuba, the Philippines, Angola, Canada, Vietnam, Guatemala, Ghana, Haiti, Georgia and Congo, which together accounted for a further 34%.
From January 2022 to June 2022, the biggest increases were in Vietnam (with a CAGR of +22.1%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, China ($104M), Mexico ($70M) and Canada ($41M) constituted the largest markets for chicken meat exported from the United States worldwide, together accounting for 45% of total exports. Taiwan (Chinese), Angola, Cuba, the Philippines, Guatemala, Vietnam, Haiti, Ghana, Congo and Georgia lagged somewhat behind, together accounting for a further 35%.
In terms of the main countries of destination, Vietnam, with a CAGR of +25.2%, 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.
This report provides an in-depth analysis of the chicken meat 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
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
