China

The Chinese poultry market to expand next year

Poultry

Production and export are also set for growth, as large producers are expected to cover most of the domestic demand and in neighboring countries.

Posted on Aug 25 ,10:42

The Chinese poultry market to expand next year

Currently, the demand in the Chinese poultry market is falling, as consumers are encouraged to consume more pork due to a decline in pig meat prices seen in the first 7 months of this year. However, the poultry sector in China is expected to make a come back in 2022, with a 2% increase in production, according to a USDA report.
After an expected decline in 2021, chicken meat production is forecast to rebound by 2% to 14.3 million tonnes in 2022 as large white feather (“broiler”) producers will utilize expanded production capacity from new facilities. In the next few years, large broiler producers are expected to drive chicken meat production gains. The market share and production of yellow-feather chicken is forecast to decline due to changing consumer habits and restrictions on live bird sales says the forecast.
in 2022, consumers are anticipated to bolster purchases of pre-packaged, half-cooked and fully cooked products made with broiler meat. Chicken meat consumption will be driven by growth in quick-service restaurants and convenience stores across China, increased use of chicken meat by institutions, and the consumer's perceptions that chicken is healthier.
Also, next year total imports of chicken meat (excluding paws) are forecast to increase by 3% to 930,000 tonnes. Chinese exports of chicken meat are forecast to grow to 440,000 tonnes as demand in major export markets is anticipated to recover from COVID-19 disruptions. In 2022, China’s imports of chicken paws (feet) are forecast to reach 800,000 tonnes. Fueled by the signing of the US-China Economic and Trade Agreement, in the first half of 2021, US chicken paws exports to China exceeded 100,000 tonnes, a nearly 200% increase from the same period last year.

 

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