U.S.: Poultry-Keeping Machinery Market 2024

Poultry-Keeping Machinery Market Size in the U.S.

The U.S. poultry-keeping machinery market reduced slightly to $X in 2022, which is down by -2.9% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Poultry-Keeping Machinery Production in the U.S.

In value terms, poultry-keeping machinery production dropped rapidly to $X in 2022. Over the period under review, production continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 when the production volume increased by 182%. Poultry-keeping machinery production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Poultry-Keeping Machinery Exports

Exports from the U.S.

In 2022, overseas shipments of poultry-keeping machinery were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a pronounced descent. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, poultry-keeping machinery exports expanded sharply to $X in 2022. In general, exports, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2014 when exports increased by 23%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X units), the Philippines (X units) and South Korea (X units) were the main destinations of poultry-keeping machinery exports from the United States, together accounting for 28% of total exports. South Africa, Chile, Mexico, Poland, Guatemala, Morocco, El Salvador, Venezuela, Japan and the Dominican Republic lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of +28.9%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the key foreign market for poultry-keeping machinery exports from the United States, comprising 20% of total exports. The second position in the ranking was taken by the Philippines ($X), with an 8.1% share of total exports. It was followed by Venezuela, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value to Mexico totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+10.3% per year) and Venezuela (-6.2% per year).

Export Prices by Country

In 2022, the average poultry-keeping machinery export price amounted to $X per unit, reducing by -14.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 an increase of 24% against the previous year. As a result, the export price reached the peak level of $X per unit, and then fell in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Poultry-Keeping Machinery Imports

Imports into the U.S.

For the fifth year in a row, the United States recorded growth in overseas purchases of poultry-keeping machinery, which increased by 3.8% to X units in 2022. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 116% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, poultry-keeping machinery imports rose notably to $X in 2022. In general, imports enjoyed strong growth. The pace of growth was the most pronounced in 2014 with an increase of 128%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), Germany (X units) and the Netherlands (X units) were the main suppliers of poultry-keeping machinery imports to the United States, with a combined 90% share of total imports. These countries were followed by Spain, which accounted for a further 1.7%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +97.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the Netherlands ($X) constituted the largest poultry-keeping machinery suppliers to the United States, together accounting for 92% of total imports. Spain lagged somewhat behind, comprising a further 0.6%.

In terms of the main suppliers, Spain, with a CAGR of +64.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average poultry-keeping machinery import price amounted to $X per unit, surging by 6.6% against the previous year. Over the period under review, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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