Northern America: Poultry Market 2024

Poultry Market Size in Northern America

The North American poultry market amounted to $X in 2022, approximately mirroring the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Poultry Production in Northern America

In value terms, poultry production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The United States (X tons) constituted the country with the largest volume of poultry production, accounting for X% of total volume. Moreover, poultry production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), more than tenfold.

In the United States, poultry production increased at an average annual rate of X% over the period from 2012-2022.

The average poultry yield reduced slightly to X kg per head in 2022, approximately mirroring the year before. Overall, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. Over the period under review, the poultry yield hit record highs at X kg per head in 2021, and then reduced in the following year.

In 2022, the number of animals slaughtered for poultry production in Northern America totaled X heads, therefore, remained relatively stable against 2021. In general, the number of producing animals saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the number of producing animals increased by X%. As a result, the amount of animals produced reached the peak level of X heads; afterwards, it flattened through to 2022.

Poultry Exports

Exports in Northern America

Poultry exports was estimated at X tons in 2022, increasing by X% on the previous year's figure. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, poultry exports rose markedly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. Canada (X tons) followed a long way behind the leaders.

The United States experienced a relatively flat trend pattern with regard to volume of exports of poultry. Canada (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

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

Poultry Imports

Imports in Northern America

In 2022, the amount of poultry imported in Northern America surged to X tons, picking up by X% against the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, poultry imports surged to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value 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 reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada (X tons) and the United States (X tons) represented roughly X% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%).

In value terms, the largest poultry importing markets in Northern America were the United States ($X) and Canada ($X).

In terms of the main importing countries, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, surging by X% against 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 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat 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 Canada amounted to $X per ton.

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

Source: IndexBox Platform

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