Brazil to remain the world's top poultry producer
The poultry sector in Brazil will continue to dominate the global market over the next 10 years, according to a projection released by USDA. Global chicken consumption will grow by 16.7% through 2031. Projected demand growth for all meats is highest among developing regions such as Southeast Asia, Latin America, Africa, and the Middle East.
The report shows that poultry meat has the highest growth in production and consumption compared to beef and pork. This is because poultry production has shown stronger growth in low and middle-income countries (20.8%) than in richer countries (8.5%). Annual poultry meat imports might increase 2.6 million tonnes (20.3%), reaching 15.8 million tonnes in 2031. Larger growth will be concentrated at emerging markets in Asia, Latin America, Sub-Saharan Africa, and the Middle East. Russia, Ukraine, the European Union, Taiwan and Canada are projected to show a much slower pace of growth. Poultry imports in Africa and the Middle East regions are expected to grow by 22.3% and 16.8%, respectively.
According to the report, Brazil may account for 32.5% of global export growth over the next decade, with shipments rising 19.6% to 5.2 million tonnes by 2031. During the same time, US chicken exports could increase 13.9% to 4.3 million tonnes next decade. The EU is expected to grow poultry foreign trade by 15.9% to almost 2.9 million tonnes, while Thailand, favoured by its geographical location, should up by 31.7% to 1.4 million tons.
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