U.S.: Poultry Market 2024

Poultry Market Size in the U.S.

The U.S. poultry market dropped to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, recorded 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 consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Poultry Production in the U.S.

In value terms, poultry production fell modestly to $X in 2022. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The average yield of poultry in the United States was estimated at X kg per head in 2022, leveling off at 2021 figures. In general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The poultry yield peaked in 2022 and is likely to see steady growth in years to come.

In 2022, number of animals slaughtered for poultry production in the United States amounted to X heads, stabilizing at the previous year's figure. Overall, the number of producing animals continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the number of producing animals increased by X%. As a result, the number of producing animals reached the peak level of X heads; afterwards, it flattened through to 2022.

Poultry Exports

Exports from the U.S.

In 2022, approx. X tons of poultry were exported from the United States; surging by X% against the previous year's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, poultry exports expanded markedly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

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 accounting for a further X%.

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

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

Colombia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, increasing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: 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. Over the period under review, 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 reached the peak and are likely to continue growth in the immediate term.

In value terms, poultry imports soared to $X in 2022. Overall, imports continue to indicate 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 poultry supplier to the United States, accounting for 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 rate of growth in terms of volume from Chile amounted to X%.

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

The average poultry import price stood at $X per ton in 2022, leveling off at the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, and then shrank 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 stood at $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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