Updated Dec 10, 2022 21:03

Poultry Market in the United States

Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
The U.S. poultry market reduced slightly to $ in , flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $ in 2014; however, from 2015 to , consumption failed to regain momentum.

In value terms, poultry production dropped modestly to $ in . The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2011 with an increase of % against the previous year. Over the period under review, production attained the peak level at $ in 2014; however, from 2015 to , production failed to regain momentum.

The average yield of poultry in the United States amounted to kg per head in , approximately reflecting the previous year's figure. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the yield increased by % against the previous year. Over the period under review, the average poultry yield attained the peak level in and is likely to see steady growth in the near future.

In , number of animals slaughtered for poultry production in the United States declined slightly to heads, remaining constant against . Overall, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of %. As a result, the amount of producing animals attained the peak level of heads; afterwards, it flattened through to .


Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
In , consumption of poultry decreased by -% to tons, falling for the second year in a row after eight years of growth. The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Poultry consumption peaked at tons in ; however, from to , consumption failed to regain momentum.

The size of the poultry market in the United States reduced to $ in , remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Poultry consumption peaked at $ in 2014; however, from 2015 to , consumption remained at a lower figure.


Consumption by Type
Please note: Annual data for 2022 are preliminary and subject to revision
Chicken meat ( tons) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, chicken meat exceeded the figures recorded for the second-largest type, turkey meat ( tons), sevenfold.

From 2007 to , the average annual rate of growth in terms of the volume of chicken meat consumptions stood at +%. With regard to the other consumed products, the following average annual rates of growth were recorded: turkey meat (+% per year) and duck and goose meat (-% per year).

In value terms, chicken meat ($) led the market, alone. The second position in the ranking was taken by turkey meat ($).

From 2007 to , the average annual growth rate of the value of chicken meat markets totaled +%. With regard to the other consumed products, the following average annual rates of growth were recorded: turkey meat (+% per year) and duck and goose meat (+% per year).


Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Driven by increasing demand for poultry in the United States, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Please note: Annual data for 2022 are preliminary and subject to revision
Over the period under review, imports of poultry in the United States were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for poultry. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
Please note: Annual data for 2022 are preliminary and subject to revision
The United States remains a net exporter of poultry; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.