Stability in EU poultry meat production predicted for 2024

Frozen Whole Chicken

Belgium

Published Mar 6, 2024

Tridge summary

The USDA predicts a modest growth of 0.4% in EU poultry meat production in 2024, reaching 11.11 million tons, due to slightly lower energy and feed prices. Demand is also expected to rise by 0.9% to 10.25 million tons, driven by affordability and health factors. Imports are set to increase by 3.5% to 750,000 tons, with a significant over 50% increase in Ukrainian imports due to favorable trade concessions. However, EU chicken meat exports saw a decrease of 1.8% in 2023 due to increased production costs and reduced competitiveness, particularly in Africa.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The USDA has just published one of its forecast reports on poultry meat production in the EU for 2024. It indicates that there will be stability in production with a growth of 0.4%, up to 11.11 million t , after having registered an increase of 1.65% in 2023. Meat production has benefited from slightly lower energy and feed prices in 2023, especially in Poland, now the EU's top producer. In several countries such as the Netherlands and Belgium, environmental regulations, such as new limits on nitrogen emissions, limit further expansion in production. French chicken meat production also fell in 2023, as French production costs remain relatively high. Regarding demand, the USDA expects it to grow 0.9% in 2024, up to 10.25 million tons. In the medium term, growth would be constant due to a greater preference for this type of meat due to its more affordable price and because it is considered healthier, more versatile and easier to prepare. EU chicken meat imports increased by 2% in ...

Source: Agromeat