Egg Product Market

The article discusses the increasing demand for egg products worldwide, with market performance forecasted to continue an upward trend over the next eight years. Consumption, production, import, and export statistics are provided, highlighting trends in various countries such as China, India, United States, Germany, France, and more. The data shows fluctuations in consumption, production, import, and export volumes and values, with insights into key players and growth rates in the global egg product market.

Market Forecast

Driven by increasing demand for egg products worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.0% for the period from 2022 to 2030, which is projected to bring the market volume to 12M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.8% for the period from 2022 to 2030, which is projected to bring the market value to $49.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Egg Products

In 2022, after eight years of growth, there was decline in consumption of egg products, when its volume decreased by -2% to 10M tons. In general, the total consumption indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +60.8% against 2013 indices. Global consumption peaked at 10M tons in 2021, and then declined modestly in the following year.

The global egg product market size reduced slightly to $37B in 2022, which is down by -3.2% 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 +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $38.2B, and then declined modestly in the following year.

Consumption By Country

China (2M tons) constituted the country with the largest volume of egg product consumption, accounting for 19% of total volume. Moreover, egg product consumption in China exceeded the figures recorded by the second-largest consumer, India (759K tons), threefold. The third position in this ranking was held by the United States (644K tons), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +8.2%. In the other countries, the average annual rates were as follows: India (+7.1% per year) and the United States (+3.0% per year).

In value terms, China ($6.4B), Japan ($4.6B) and India ($3.3B) appeared to be the countries with the highest levels of market value in 2022, together comprising 39% of the global market. The United States, Russia, Indonesia, Brazil, France, Italy, Mexico and Germany lagged somewhat behind, together accounting for a further 24%.

In terms of the main consuming countries, Italy, with a CAGR of +11.2%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of egg product per capita consumption in 2022 were Italy (5.6 kg per person), France (4.2 kg per person) and Russia (3.1 kg per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Italy (with a CAGR of +10.6%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Egg Products

After eight years of growth, production of egg products decreased by -1.3% to 10M tons in 2022. Over the period under review, the total production indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +61.4% against 2013 indices. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. Global production peaked at 10M tons in 2021, and then shrank modestly in the following year.

In value terms, egg product production dropped modestly to $36.6B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when the production volume increased by 13% against the previous year. As a result, production attained the peak level of $37.6B, and then reduced in the following year.

Production By Country

China (2M tons) constituted the country with the largest volume of egg product production, comprising approx. 19% of total volume. Moreover, egg product production in China exceeded the figures recorded by the second-largest producer, India (771K tons), threefold. The third position in this ranking was held by the United States (659K tons), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to +8.2%. The remaining producing countries recorded the following average annual rates of production growth: India (+7.0% per year) and the United States (+2.5% per year).

Imports

World Imports of Egg Products

Global egg product imports shrank to 464K tons in 2022, which is down by -10% against the previous year. The total import volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of 516K tons, and then dropped in the following year.

In value terms, egg product imports skyrocketed to $1.5B in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports By Country

In 2022, Germany (82K tons), distantly followed by France (47K tons), the UK (40K tons), Belgium (35K tons), Italy (35K tons) and Spain (22K tons) were the key importers of egg products, together comprising 56% of total imports. The Netherlands (20K tons), Japan (15K tons), Poland (14K tons), Denmark (13K tons), Sweden (12K tons), the Czech Republic (11K tons) and Portugal (10K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +15.5%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($220M), the UK ($133M) and France ($125M) were the countries with the highest levels of imports in 2022, with a combined 33% share of global imports. Italy, Belgium, Japan, Spain, Denmark, Poland, Sweden, the Netherlands, the Czech Republic and Portugal lagged somewhat behind, together comprising a further 39%.

Italy, with a CAGR of +15.3%, 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 product import price stood at $3,126 per ton in 2022, with an increase of 49% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($5,208 per ton), while the Netherlands ($1,916 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Egg Products

Global egg product exports expanded sharply to 493K tons in 2022, increasing by 5% on the previous year. The total export volume increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 11%. Over the period under review, the global exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, egg product exports skyrocketed to $1.5B in 2022. The total export value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports By Country

In 2022, the Netherlands (153K tons) represented the major exporter of egg products, making up 31% of total exports. Poland (46K tons) took a 9.4% share (based on physical terms) of total exports, which put it in second place, followed by Spain (8.5%), France (5.7%), Germany (5.2%) and Belgium (4.8%). The United States (22K tons), Italy (20K tons), Latvia (12K tons), India (12K tons), China (12K tons), Austria (11K tons) and Denmark (9.7K tons) followed a long way behind the leaders.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of egg products. At the same time, Austria (+13.2%), Spain (+8.6%), Poland (+8.1%), Latvia (+8.0%), China (+7.5%), Denmark (+6.0%), Italy (+4.3%), India (+1.8%), Belgium (+1.8%), Germany (+1.7%) and France (+1.6%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing exporter exported in the world, with a CAGR of +13.2% from 2012-2022. By contrast, the United States (-6.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland and Spain increased by +4 and +3.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($426M) remains the largest egg product supplier worldwide, comprising 28% of global exports. The second position in the ranking was held by Poland ($140M), with a 9.3% share of global exports. It was followed by France, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled +1.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+11.7% per year) and France (+2.4% per year).

Export Prices By Country

In 2022, the average egg product export price amounted to $3,043 per ton, growing by 26% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($4,725 per ton), while Latvia ($2,155 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform