Date :23 October 2020
Global chicken meat market forecast

Global chicken meat market forecast for 2021

The US Department of Agriculture In its latest forecast for the poultry industry in 2021, forecasts 2% growth in the production of chicken meat.

The USDA’s commentators believe that production growth in China will slow down next year, following a drop in Chinese consumer demand. The global poultry industry will see significant growth in poultry production in Brazil, the European Union, the United States, and India.

On the other hand, with the economic growth of citizens in the above production sites, the domestic demand for chicken meat in these sectors will also increase. However, most of the products of these countries will be exported to international markets.

In another part of the forecast, the USDA announced that Brazil, as the world’s leading exporter of chicken meat, would account for more than a third of this growth. Indeed, the country’s competitive advantages in supplying diverse products to a wide range of markets and transporting these products to regions such as the Middle East and sub-Saharan Africa have led Brazil to achieve such a position.

The US Department of Agriculture acknowledged in the report that increased demand from the European Union and Saudi Arabia for chicken meat will offset possible declines in China and South Africa.

US exports are projected to remain unchanged in 2021. as low demand in most of the country’s export markets, such as Mexico, will be a major obstacle to growth.

According to the report, by 2021, the world’s largest importers of chicken meat will be Japan, China, Mexico, the European Union, Saudi Arabia, Iraq, the United Arab Emirates, the Philippines, South Africa, and Hong Kong, respectively, and the largest exporters of this product are Brazil, the European Union, Thailand, Turkey, Ukraine, China, Russia, Belarus, Argentina, and Chile.

 

Read more:

What will happen to the global chicken meat trade in the second half of 2020?

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