Global chicken meat production will rise slightly

Strong demand will support prices, which are expected to rise by 2%.

Recent market analysis from IndexBox predicts a modest increase in global chicken MEAT production. According to the report, global production this year will reach 121 million tons, while the volume produced in 2020 will add 1 million tons, and prices will rise by 2%, reaching an average of $2.30 per kg. The expected decline in the number of cattle, especially in the EU and the US , should stimulate demand for beef substitutes, including poultry.

Brazil (3.9 Mt) and the US (3.5 Mt) are the leading suppliers to the global chicken market, accounting for approximately 25% and 23% of global exports respectively. The Netherlands (1.4 Mt) holds 9.2% (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 make up 20% of the total supply.

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%.

The main markets for chicken meat are CHINA and Mexico, which account for 17% of imports over the past two years. They are followed by the Netherlands (542 thousand tons), Japan (535 thousand tons), Germany (515 thousand tons), the United Arab Emirates (480 thousand tons), Hong Kong (462 thousand tons), South Africa (460 thousand tons). tons), Iraq (429 thousand tons). tons), France (387 thousand tons), Great Britain (377 thousand tons), Philippines (315 thousand tons) and Cuba (267 thousand tons).

In 2021, the average annual price for chicken increased by 38% compared to last year and amounted to $2.26 per kg. Rising feed costs, combined with high logistics costs, are pushing up meat prices, according to a forecast published by IndexBox.