How is global chicken production forecast for 2023?
Global chicken production is expected to increase by 2% in 2023 reaching 102.7 million tons. All poultry producers, except for china...
Global chicken production is expected to increase by 2% in 2023 reaching 102.7 million tons. All poultry producers, except for china, will get earn, but Brazil is the country with the most significant prediction to grow.
According to a recent report from the U.S Department of Agriculture, the increase in the price of feed and energy have decreased profitability worldwide. However, there is a strong demand, and it is expected to raise chicken meat consumption since consumers are looking for animal protein at a low cost.
What would be the chicken production by countries?
- Brazil: This country is considered the largest producer of chicken, surpassing China in 2022. It could be due to the higher internal and external demand for the product.
- China: Chicken production in China will stagnate since the growth in white feathers production will offset a decline in yellow feather production. Therefore, the white feather broiler meat could be higher next year because Chinese consumers want a more diverse protein,
- Thailand: The production will increase by 3% despite the slow recovery in internal consumption and the high production costs due to the lack of cereal supply and one-day-old chicks.
- Russia & Mexico: These countries will increase their earnings as internal demand increases.
- European Union: Chicken production "is forecast only marginally higher due to rising energy costs on the heels of highly pathogenic avian influenza (HPAI) outbreaks."
- United States: The production in the U.S. could increase by around 2%, which represents 21.2 Million tons in the next year. This beneficial effect is the result of the reduction in feed prices and the strong demand for poultry.
On the other hand, it is predicted [register] an increase of 4% in global exports to a record of 14.1 million tons. It is considered "the most aggressive growth in trade since before COVID-19."
"Expansion is buoyed primarily by increased demand in China, the EU, and Saudi Arabia, and as production growth is limited for a number of competing exporting producers, Brazil is expected to capture most of the gains."
Source: Livestock and Poultry: World Markets and Trade by the USDA
Click here to read the full report
It may interest you: Thailand’s chicken production will grow by 3% in 2023