U.S. - Poultry - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPoultry Price in the United States - 2023
Contents:
- Poultry Price in the United States (FOB) - 2022
- Poultry Price in the United States (CIF) - 2022
- Poultry Exports in the United States
- Poultry Imports in the United States
Poultry Price in the United States (FOB) - 2022
In 2022, the average poultry export price amounted to $1,402 per ton, with an increase of 10% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 25% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($2,975 per ton), while the average price for exports to Georgia ($861 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 (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Poultry Price in the United States (CIF) - 2022
The average poultry import price stood at $4,442 per ton in 2022, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 31%. As a result, import price attained the peak level of $4,489 per ton, and then declined 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 ($4,544 per ton), while the price for Canada totaled $4,176 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.0%).
Poultry Exports in the United States
In 2022, the amount of poultry exported from the United States totaled 3.8M tons, with an increase of 2.8% compared with 2021 figures. The total export volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 4.9% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, poultry exports expanded sharply to $5.4B in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Poultry in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.9 | 761 | 895 | 1,089 | 730.7% |
| Mexico | 902 | 840 | 1,130 | 1,018 | 4.1% |
| Canada | 238 | 244 | 271 | 421 | 20.9% |
| Cuba | 189 | 143 | 283 | 295 | 16.0% |
| Taiwan (Chinese) | 187 | 223 | 166 | 285 | 15.1% |
| Angola | 151 | 81.2 | 126 | 232 | 15.4% |
| Philippines | 95.5 | 58.8 | 139 | 215 | 31.1% |
| Guatemala | 118 | 97.0 | 156 | 159 | 10.5% |
| Vietnam | 138 | 126 | 97.4 | 126 | -3.0% |
| Haiti | 51.0 | 66.5 | 110 | 88.6 | 20.2% |
| Congo | 42.9 | 41.2 | 59.6 | 86.8 | 26.5% |
| Colombia | 103 | 78.8 | 95.0 | 85.3 | -6.1% |
| Georgia | 88.2 | 77.2 | 39.0 | 68.1 | -8.3% |
| Others | 1,443 | 994 | 1,189 | 1,225 | -5.3% |
| Total | 3,749 | 3,834 | 4,755 | 5,395 | 12.9% |
Top Export Markets for Poultry from the United States in 2022:
- Mexico (743.4K tons)
- China (621.0K tons)
- Cuba (277.0K tons)
- Taiwan (Chinese) (235.8K tons)
- Philippines (182.9K tons)
- Angola (180.1K tons)
- Canada (141.5K tons)
- Guatemala (119.4K tons)
- Vietnam (117.4K tons)
- Congo (84.1K tons)
- Georgia (79.0K tons)
- Haiti (75.0K tons)
- Colombia (60.8K tons)
Poultry Imports in the United States
In 2022, imports of poultry into the United States soared to 123K tons, rising by 48% against 2021. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, poultry imports skyrocketed to $545M in 2022. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Poultry in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 131 | 153 | 249 | 406 | 45.8% |
| Canada | 108 | 112 | 121 | 137 | 8.3% |
| Others | 4.7 | N/A | 2.5 | 1.1 | -38.4% |
| Total | 243 | 265 | 373 | 545 | 30.9% |
Top Suppliers of Poultry to the United States in 2022:
- Chile (89.4K tons)
- Canada (32.8K tons)
This report provides an in-depth analysis of the poultry market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1058 - Chicken meat
- FCL 1059 - Offals and liver of chickens
- FCL 1069 - Duck meat
- FCL 1073 - Goose meat
- FCL 1074 - Offals and liver of geese
- FCL 1075 - Offals and liver of ducks
- FCL 1080 - Turkey meat
- FCL 1081 - Offals and liver of turkey
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In Feb 2023, poultry price FOB, US, was $1,227/ton, increasing 2.1% from previous month
524
In July 2022, the poultry price per ton stood at $1,544 per ton, remaining constant against the previous month.
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The revenue of the poultry market in the U.S. amounted to $24.5B in 2018, remaining stable against the previous year....
896
From 2008 to 2016, the U.S. poultry market showed an upward trend, amounting to $X in 2016. From 2008 to 2016, the market expanded with an annual average growth rate of+X%. In physical terms, the market reached X tons.
1142
Albeit the U.S. weakened its position as a key global poultry supplier due to a ban introduced by China and Russia, the U.S. poultry industry is to benefit from strong domestic demand driven by growth of population, relatively low poultry cost among th
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In physical terms, the U.S. poultry market increased to X billion pounds in 2015.
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In January 2022, U.S. meat prices grew tangibly compared to January 2021: beef prices soared by 30%, pork by 11%, turkey gained 18%, and broiler prices skyrocketed by 62%. Prices are set to accelerate due to rising feed costs, spurred by low hay stocks.
243
In February 2023, the price of a frozen whole turkey (FOB, US) was $1,971 per ton, a decrease of 33% compared to the previous month.
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In December 2022, the frozen whole turkey price amounted to $3,233 per ton (FOB, US), falling by -3.8% against the previous month.
