Egg, Excluding Hen Egg Market

The global egg market excluding hen eggs is forecasted to see a decrease in consumption and production over the next eight years. China dominates both consumption and production, while the Netherlands leads as the key exporter. The market volume is projected to decrease to 7.4M tons by 2030, with a value of $19.6B. China accounted for 64% of total egg consumption, while the Netherlands led in per capita consumption. In terms of production, China produced 4.8M tons of eggs, leading the market. The Netherlands was the top exporter, representing 40% of total exports. Import and export prices showed fluctuations over the years, with varying trends amongst major importing and exporting countries.

Market Forecast

The egg, excluding hen egg market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.1% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 7.4M tons by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +2.5% for the period from 2022 to 2030, which is projected to bring the market value to $19.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Eggs, Excluding Hen Eggs

In 2022, consumption of eggs, excluding hen eggs decreased by -1.5% to 7.4M tons, falling for the second year in a row after three years of growth. The total consumption volume increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 4%. As a result, consumption reached the peak volume of 7.6M tons. From 2021 to 2022, the growth of the global consumption failed to regain momentum.

The global egg, excluding hen egg market value contracted modestly to $16.1B in 2022, falling by -3.5% 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 +2.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the global market hit record highs at $17.1B in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Consumption By Country

The country with the largest volume of egg, excluding hen egg consumption was China (4.8M tons), comprising approx. 64% of total volume. Moreover, egg, excluding hen egg consumption in China exceeded the figures recorded by the second-largest consumer, the Netherlands (792K tons), sixfold. The third position in this ranking was taken by Thailand (397K tons), with a 5.4% share.

In China, egg, excluding hen egg consumption expanded at an average annual rate of +1.1% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: the Netherlands (-0.7% per year) and Thailand (+0.2% per year).

In value terms, China ($11.9B) led the market, alone. The second position in the ranking was held by the Netherlands ($896M). It was followed by Thailand.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +3.3%. In the other countries, the average annual rates were as follows: the Netherlands (+0.0% per year) and Thailand (+0.6% per year).

In 2022, the highest levels of egg, excluding hen egg per capita consumption was registered in the Netherlands (45 kg per person), followed by Thailand (5.7 kg per person), China (3.3 kg per person) and Poland (3.1 kg per person), while the world average per capita consumption of egg, excluding hen egg was estimated at 0.9 kg per person.

In the Netherlands, egg, excluding hen egg per capita consumption plunged by an average annual rate of -1.1% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Thailand (-0.1% per year) and China (+0.6% per year).

Production

World Production of Eggs, Excluding Hen Eggs

In 2022, production of eggs, excluding hen eggs decreased by -0.2% to 7.5M tons, falling for the second consecutive year after three years of growth. The total output volume increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2015 with an increase of 4.7% against the previous year. Global production peaked at 7.6M tons in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure. The general positive trend in terms output was largely conditioned by a modest expansion of the number of producing animals and a relatively flat trend pattern in yield figures.

In value terms, egg, excluding hen egg production fell modestly to $16.3B in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 15% against the previous year. Global production peaked at $17.5B in 2016; however, from 2017 to 2022, production failed to regain momentum.

Production By Country

The country with the largest volume of egg, excluding hen egg production was China (4.8M tons), accounting for 63% of total volume. Moreover, egg, excluding hen egg production in China exceeded the figures recorded by the second-largest producer, the Netherlands (901K tons), fivefold. Thailand (400K tons) ranked third in terms of total production with a 5.3% share.

In China, egg, excluding hen egg production expanded at an average annual rate of +1.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (+0.4% per year) and Thailand (+0.1% per year).

Imports

World Imports of Eggs, Excluding Hen Eggs

In 2022, supplies from abroad of eggs, excluding hen eggs decreased by -26.2% to 149K tons, falling for the third year in a row after two years of growth. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 47%. Global imports peaked at 356K tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, egg, excluding hen egg imports dropped to $516M in 2022. In general, imports showed a perceptible descent. The pace of growth was the most pronounced in 2018 when imports increased by 13%. Global imports peaked at $697M in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports By Country

The purchases of the six major importers of eggs, excluding hen eggs, namely France, Spain, Denmark, Hong Kong SAR, Greece and Singapore, represented more than third of total import. The Netherlands (4.6K tons), Romania (4.2K tons), the United States (3.7K tons), Afghanistan (3.2K tons), Belgium (3.1K tons), Sweden (3K tons) and Russia (3K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Afghanistan (with a CAGR of +26.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest egg, excluding hen egg importing markets worldwide were the United States ($52M), Russia ($45M) and Spain ($38M), together accounting for 26% of global imports. France, Denmark, Hong Kong SAR, Greece, Singapore, Romania, Afghanistan, Sweden, Belgium and the Netherlands lagged somewhat behind, together accounting for a further 28%.

Afghanistan, with a CAGR of +20.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average egg, excluding hen egg import price stood at $3,462 per ton in 2022, rising by 17% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, egg, excluding hen egg import price increased by +133.3% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 72%. Global import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($15,134 per ton), while the Netherlands ($686 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+23.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Eggs, Excluding Hen Eggs

In 2022, the amount of eggs, excluding hen eggs exported worldwide soared to 283K tons, increasing by 17% compared with the year before. Over the period under review, exports, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2015 with an increase of 54% against the previous year. Over the period under review, the global exports hit record highs at 374K tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, egg, excluding hen egg exports rose notably to $682M in 2022. Overall, exports, however, showed a mild downturn. The pace of growth appeared the most rapid in 2017 with an increase of 8% against the previous year. Over the period under review, the global exports attained the peak figure at $793M in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports By Country

In 2022, the Netherlands (114K tons) represented the key exporter of eggs, excluding hen eggs, committing 40% of total exports. It was distantly followed by Spain (29K tons) and China (22K tons), together creating an 18% share of total exports. The following exporters - France (12K tons), Denmark (11K tons), Portugal (9.1K tons), Morocco (6.5K tons), Canada (6K tons), Sweden (5.9K tons), Saudi Arabia (5K tons), South Africa (4.7K tons) and Jordan (4.4K tons) - together made up 23% of total exports.

From 2012 to 2022, average annual rates of growth with regard to egg, excluding hen egg exports from the Netherlands stood at +14.3%. At the same time, Jordan (+26.6%), Morocco (+13.1%), Portugal (+8.9%), South Africa (+7.2%), Canada (+5.4%), Sweden (+4.2%) and Denmark (+3.0%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in the world, with a CAGR of +26.6% from 2012-2022. China experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-1.5%), France (-5.0%) and Spain (-6.7%) illustrated a downward trend over the same period. While the share of the Netherlands (+32 p.p.), Morocco (+2.3 p.p.), Portugal (+2.2 p.p.), China (+1.7 p.p.) and Denmark (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Spain (-5.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($114M), France ($78M) and China ($63M) appeared to be the countries with the highest levels of exports in 2022, together accounting for 37% of global exports. Canada, Spain, Jordan, Morocco, Denmark, Portugal, Sweden, Saudi Arabia and South Africa lagged somewhat behind, together accounting for a further 36%.

Jordan, with a CAGR of +33.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average egg, excluding hen egg export price stood at $2,413 per ton in 2022, dropping by -8.8% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, egg, excluding hen egg export price increased by +39.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 46% against the previous year. As a result, the export price attained the peak level of $2,646 per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($9,473 per ton), while the Netherlands ($1,003 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+8.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform