AEB wants to increase the egg exports to the Caribbean and Mexico markets
The American Egg Board (AEB) and the USA Poultry and Egg Export Council (USAPEEC) are trying to strengthen their global connections and tap new markets, this week, during the Americas Food and Beverage Show in Miami.
20 key buyers from the Caribbean and Mexico are expected to meet one-on-one with US egg suppliers and producers during the event. The two markets are targeted by AEB and USAPEEC for their potential and these sessions will give the Caribbean and Mexican buyers first-hand insight into how US eggs and egg products can tap into growing market demand and benefit their businesses' bottom lines.
The Caribbean and Mexican markets represent a strong growth opportunity for US egg exports. For 2017, the Caribbean ranked third and Mexico ranked fourth in value among U.S. export destinations for table eggs and products. These markets rank behind only Hong Kong and Canada, respectively.
"The American Egg Board is excited to pursue growth opportunities in key international markets. We welcome the occasion to create educational moments and meaningful connections with buyers from the Caribbean and Mexico, and – with the support of partners like USAPEEC – to bring new egg inspiration to the Americas Food and Beverage show," said Anne L. Alonzo, AEB President and CEO.
Exports to the Caribbean accounted for 13.2% of US table egg export volume in 2017. US egg exports to the Caribbean more than quadrupled from 2010 to 2017, reaching $26.9 million in 2017, accounting for 10.8% of the $249 million total value of US egg exports. Top markets in the Caribbean include the Bahamas, Trinidad and Tobago, Cayman Islands, and the Dominican Republic. Exports to Mexico accounted for 12.1% of US table egg export volume in 2017, reaching $27 million and accounting for 10.9% of total value of US overall egg exports in 2017.
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