Global chicken prices will continue to rise in 2022

In December 2021, the global average price of chicken peaked at $2.74 per kg, up 17% from the previous month. The average annual price is projected to rise from $2.26/kg last year to $2.30/kg in 2022.

 According to a recently released IndexBox report, the average annual price of chicken is up 38% year-on-year to $2.26/kg in 2021. Rising feed costs, combined with high logistics costs, are pushing up MEAT prices. At the same time, global production remained stable compared to the 2020 level of 120 million tons.

While global chicken meat production is projected to rise to 121 million tonnes this year, chicken prices will continue to rise, driven by growing demand. In 2022, the average annual price of chicken meat is projected to increase by 2% compared to last year, to $2.30 per kg . The expected decline in the number of cattle, especially in the EU and the US, will stimulate demand for beef substitutes, including poultry.

In 2020, chicken meat exports worldwide reached 15 million tons, an increase of 5.6% compared to the previous year. In value terms, deliveries fell to $21.9 billion.

Brazil (3.9 million tons) and the United States (3.5 million tons) are the leading suppliers to the global chicken market, accounting for 25% and 23% of global chicken exports, respectively. The Netherlands (1.4 million tons) has a 9.2% market share (in terms of tons), which puts them in second place, followed by Poland (8%). The following exporters are Turkey (517 thousand tons), Belgium (503 thousand tons), Ukraine (429 thousand tons), Great Britain (411 thousand tons), Thailand (344 thousand tons), Germany (301 thousand tons) , RUSSIA (280 thousand tons) and France (227 thousand tons). tons) - together they make up 20% of the total volume.

In value terms, Brazil ($5.5 billion), the US ($3.4 billion) and the Netherlands ($2.5 billion) were the top exporting countries in 2020, together accounting for 52% of global exports. Poland, Thailand, Belgium, Ukraine, Germany, Turkey, France, Russia and the UK are slightly behind, accounting for another 30%.