Northern America: Chicken Egg Market 2024

Chicken Egg Market Size in Northern America

The North American chicken egg market reached $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Chicken Egg Production in Northern America

In value terms, chicken egg production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 45% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

The United States (X tons) remains the largest chicken egg producing country in Northern America, comprising approx. 92% of total volume. Moreover, chicken egg production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), more than tenfold.

In the United States, chicken egg production expanded at an average annual rate of +1.8% over the period from 2012-2022.

Chicken Egg Exports

Exports in Northern America

In 2022, the amount of chicken eggs exported in Northern America shrank to X tons, waning by -12.2% compared with 2021 figures. In general, exports saw a mild slump. The pace of growth was the most pronounced in 2015 with an increase of 57% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, chicken egg exports shrank to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

The United States dominates exports structure, reaching X tons, which was near 97% of total exports in 2022. Canada (X tons) held a relatively small share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of chicken eggs. Canada (-12.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +6.1 percentage points.

In value terms, the United States ($X) remains the largest chicken egg supplier in Northern America, comprising 99% of total exports. The second position in the ranking was taken by Canada ($X), with a 1% share of total exports.

In the United States, chicken egg exports expanded at an average annual rate of +6.5% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, surging by 13% against the previous year. Over the period under review, the export price saw a resilient increase. The pace of growth appeared the most rapid in 2020 when the export price increased by 111% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.3%).

Chicken Egg Imports

Imports in Northern America

In 2022, purchases abroad of chicken eggs increased by 62% to X tons, rising for the second year in a row after two years of decline. Overall, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 108%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, chicken egg imports skyrocketed to $X in 2022. In general, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of 95% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Canada prevails in imports structure, reaching X tons, which was near 87% of total imports in 2022. It was distantly followed by the United States (X tons), comprising a 9.8% share of total imports. Greenland (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to chicken egg imports into Canada stood at +8.9%. At the same time, the United States (+25.5%) and Greenland (+12.7%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in Northern America, with a CAGR of +25.5% from 2012-2022. While the share of the United States (+7.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-7.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) constitutes the largest market for imported chicken eggs in Northern America, comprising 70% of total imports. The second position in the ranking was held by the United States ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Canada amounted to +9.2%. In the other countries, the average annual rates were as follows: the United States (+39.0% per year) and Greenland (+8.1% per year).

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, surging by 18% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chicken egg import price increased by +53.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Greenland ($X 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 (+10.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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