W35: Chicken Egg Update

In W35 in the chicken-egg landscape, according to the Brazilian Association of Animal Proteins (ABPA), Brazil's egg production is expected to increase by 1% year-on-year (YoY) to reach 52.55 billion units in 2023. Per capita egg consumption is projected to rise by 0.5% YoY to approximately 242 units by year-end. Additionally, exports of eggs from Brazil are forecast to reach 32.5 thousand metric tons (mt), marking a significant 240% YoY increase from 9.47 thousand mt in 2022. This growth in egg production and exports offers substantial opportunities for the Brazilian poultry production sector, including both chicken meat and egg producers, in the international market.

Brazil's poultry production sector is on the path to recovery, supported by its preserved status as free from Avian Influenza. Despite facing historically high production costs in recent years, the sector is now in a more favorable situation, particularly with corn and soybean meal costs coming down. While certain costs like diesel and packaging remain high, exports are expected to be a key driver of the sector's growth, driven by rising global demand for chicken meat and eggs.

The Vietnam Poultry Association's poultry production and trade forecast between 2024 and 2030 anticipates an annual production of 80 to 85 million egg-laying chickens. Domestic meat and egg consumption is expected to continue dominating the market, representing around 90% of consumption. Meanwhile, the selling price of eggs will range from USD 0.083 to USD 0.10 per egg in the forecast period. However, egg production within the household sector is predicted to decrease from 44% in 2023 to 35% to 38% by 2030, while the business sector's share is forecasted to increase from 56% in 2023 to range from 60% to 62% in 2030.

Lastly, in Sept-23, South Korea anticipates having approximately 75.67 million laying hens, reflecting a 5.1% increase compared to the yearly average. Additionally, the average daily egg production for Sept-23 is projected to reach 45.88 million, marking a 2.8% increase from the annual average.