Updated Feb 7, 2023 20:59

Chicken Egg Market in Israel

Market Overview
The Israeli chicken egg market declined modestly to $ in , reducing by -% 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). Overall, consumption, however, continues to indicate a mild shrinkage. As a result, consumption reached the peak level of $. From 2015 to , the growth of the market remained at a somewhat lower figure.

In value terms, chicken egg production dropped to $ in estimated in export price. Over the period under review, production, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2014 with an increase of %. Chicken egg production peaked at $ in 2012; however, from 2013 to , production failed to regain momentum.


Consumption
In , consumption of chicken eggs in Israel was estimated at tons, remaining constant against figures. The total consumption volume increased at an average annual rate of +% from 2012 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the consumption volume increased by %. Over the period under review, consumption hit record highs at tons in ; however, from to , consumption remained at a lower figure.

The value of the chicken egg market in Israel contracted to $ in , which is down by -% 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). Over the period under review, consumption, however, continues to indicate a slight descent. As a result, consumption reached the peak level of $. From 2015 to , the growth of the market remained at a lower figure.


Market Forecast
Driven by increasing demand for chicken eggs in Israel, the market is expected to continue an upward consumption trend over the next eight years. 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
Over the period under review, the share of imports in terms of total chicken egg consumption in Israel was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Israel chicken egg market is largely supplied by domestic manufacturers.


Trade Balance
Israel remains a net importer of chicken egg; in physical and value terms, imports consistently exceeded exports from 2012 to . In , there was a significant trade deficit of tons, which was equal to $.