Table Egg Market

The global table egg market is poised to experience growth in both consumption and production over the next eight years. With a projected CAGR of +2.7%, the market volume is expected to reach 115M tons by 2030, while the market value is forecasted to increase to $214.9B. China leads in both consumption and production of table eggs, while chicken table eggs dominate both imports and exports. Overall, the market is expected to see continued growth in the immediate future.

Market Forecast

Driven by increasing demand for table eggs worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market volume to 115M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of -1.9% for the period from 2022 to 2030, which is projected to bring the market value to $214.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Table Eggs

In 2022, approx. 93M tons of table eggs were consumed worldwide; remaining stable against 2021 figures. The total consumption volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 5.4%. Over the period under review, global consumption attained the peak volume at 94M tons in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

The global table egg market value contracted to $250.4B in 2022, stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Global consumption peaked at $260.5B in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Consumption By Country

China (34M tons) constituted the country with the largest volume of table egg consumption, comprising approx. 37% of total volume. Moreover, table egg consumption in China exceeded the figures recorded by the second-largest consumer, the United States (6.7M tons), fivefold. India (6.6M tons) ranked third in terms of total consumption with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +1.8%. In the other countries, the average annual rates were as follows: the United States (+1.9% per year) and India (+6.1% per year).

In value terms, China ($52.8B) led the market, alone. The second position in the ranking was held by Mexico ($12.7B). It was followed by Indonesia.

In China, the table egg market expanded at an average annual rate of +1.4% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: Mexico (-0.1% per year) and Indonesia (+9.9% per year).

The countries with the highest levels of table egg per capita consumption in 2022 were China (24 kg per person), Mexico (23 kg per person) and Japan (21 kg per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Indonesia (with a CAGR of +13.0%), while consumption for the other global leaders experienced more modest paces of growth.

Consumption By Type

Chicken table eggs (86M tons) constituted the product with the largest volume of consumption, comprising approx. 93% of total volume. Moreover, chicken table eggs exceeded the figures recorded for the second-largest type, table eggs, excluding hen eggs (6.4M tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of the volume of chicken table eggs consumption amounted to +2.5%.

In value terms, chicken table eggs ($128.3B) led the market, alone. The second position in the ranking was held by table eggs, excluding hen eggs ($14.3B).

For chicken table eggs, market expanded at an average annual rate of +1.6% over the period from 2012-2022.

Production

World Production of Table Eggs

In 2022, approx. 93M tons of table eggs were produced worldwide; approximately equating the previous year. The total output volume increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 5.6%. Over the period under review, global production hit record highs at 94M tons in 2020; however, from 2021 to 2022, production failed to regain momentum.

In value terms, table egg production contracted modestly to $135.9B in 2022 estimated in export price. In general, production, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2019 with an increase of 15%. Over the period under review, global production hit record highs at $165.3B in 2013; however, from 2014 to 2022, production failed to regain momentum.

Production By Country

China (34M tons) constituted the country with the largest volume of table egg production, accounting for 37% of total volume. Moreover, table egg production in China exceeded the figures recorded by the second-largest producer, the United States (6.7M tons), fivefold. India (6.6M tons) ranked third in terms of total production with a 7.1% share.

In China, table egg production expanded at an average annual rate of +1.8% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (+1.8% per year) and India (+6.1% per year).

Production By Type

Chicken table eggs (86M tons) constituted the product with the largest volume of production, accounting for 93% of total volume. Moreover, chicken table eggs exceeded the figures recorded for the second-largest type, table eggs, excluding hen eggs (6.5M tons), more than tenfold.

For chicken table eggs, production increased at an average annual rate of +2.6% over the period from 2012-2022.

In value terms, chicken table eggs ($118.8B) led the market, alone. The second position in the ranking was taken by table eggs, excluding hen eggs ($17B).

From 2012 to 2022, the average annual growth rate of the value of chicken table eggs production amounted to -1.5%.

Imports

World Imports of Table Eggs

In 2022, overseas purchases of table eggs were finally on the rise to reach 1.8M tons after three years of decline. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 14%. Global imports peaked at 2M tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, table egg imports skyrocketed to $2.8B in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports By Country

Germany (312K tons) and the Netherlands (294K tons) represented roughly 33% of total imports in 2022. Hong Kong SAR (168K tons) ranks next in terms of the total imports with a 9.2% share, followed by the United Arab Emirates (6%) and Singapore (4.7%). Belgium (73K tons), Canada (71K tons), France (64K tons), Italy (56K tons), Oman (39K tons), Qatar (37K tons), the UK (30K tons) and Israel (30K tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Qatar (with a CAGR of +33.7%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($612M), the Netherlands ($338M) and Hong Kong SAR ($271M) constituted the countries with the highest levels of imports in 2022, together comprising 44% of global imports. Singapore, the United Arab Emirates, France, Belgium, Canada, Italy, Qatar, the UK, Oman and Israel lagged somewhat behind, together comprising a further 32%.

Among the main importing countries, Qatar, with a CAGR of +28.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

Chicken table eggs prevails in imports structure, amounting to 1.8M tons, which was near 97% of total imports in 2022. Table eggs, excluding hen eggs (53K tons) followed a long way behind the leaders.

Chicken table eggs was also the fastest-growing in terms of imports, with a CAGR of +1.8% from 2012 to 2022. table eggs, excluding hen eggs (-5.7%) illustrated a downward trend over the same period. While the share of chicken table eggs (+3.2 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of table eggs, excluding hen eggs (-3.2 p.p.) displayed negative dynamics.

In value terms, chicken table eggs ($2.7B) constitutes the largest type of table eggs imported worldwide, comprising 97% of global imports. The second position in the ranking was held by table eggs, excluding hen eggs ($84M), with a 3% share of global imports.

For chicken table eggs, imports increased at an average annual rate of +2.1% over the period from 2012-2022.

Import Prices By Type

The average table egg import price stood at $1,523 per ton in 2022, rising by 12% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major imported products. In 2022, the product with the highest price was table eggs, excluding hen eggs ($1,595 per ton), while the price for chicken table eggs amounted to $1,527 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by chicken table egg (+0.2%).

Import Prices By Country

In 2022, the average table egg import price amounted to $1,523 per ton, with an increase of 12% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($2,239 per ton), while Israel ($612 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+14.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Table Eggs

After three years of decline, overseas shipments of table eggs increased by 7.8% to 1.9M tons in 2022. The total export volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of 23% against the previous year. The global exports peaked at 2.1M tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, table egg exports soared to $2.8B in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports By Country

The Netherlands was the major exporter of table eggs in the world, with the volume of exports recording 502K tons, which was near 27% of total exports in 2022. It was distantly followed by Poland (222K tons), Turkey (186K tons), China (108K tons) and Germany (86K tons), together creating a 32% share of total exports. Thailand (76K tons), Malaysia (69K tons), Spain (64K tons), Belgium (50K tons), Belarus (42K tons), Latvia (38K tons), the United States (31K tons) and Japan (31K tons) followed a long way behind the leaders.

Exports from the Netherlands increased at an average annual rate of +1.2% from 2012 to 2022. At the same time, Japan (+48.5%), Thailand (+22.4%), Latvia (+9.9%), Spain (+9.6%), China (+3.8%) and Poland (+2.4%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in the world, with a CAGR of +48.5% from 2012-2022. Belarus experienced a relatively flat trend pattern. By contrast, Belgium (-1.7%), Turkey (-2.2%), Malaysia (-2.8%), Germany (-3.1%) and the United States (-9.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, Thailand, Spain and Japan increased by +3.7, +3.4, +1.7 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest table egg supplying countries worldwide were the Netherlands ($611M), Poland ($398M) and Turkey ($242M), together accounting for 45% of global exports. China, Germany, Malaysia, the United States, Spain, Belgium, Latvia, Japan, Belarus and Thailand lagged somewhat behind, together comprising a further 37%.

Japan, with a CAGR of +42.7%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Exports By Type

Chicken table eggs prevails in exports structure, accounting for 1.7M tons, which was approx. 92% of total exports in 2022. It was distantly followed by table eggs, excluding hen eggs (139K tons), creating a 7.5% share of total exports.

Chicken table eggs was also the fastest-growing in terms of exports, with a CAGR of +2.7% from 2012 to 2022. table eggs, excluding hen eggs (-2.9%) illustrated a downward trend over the same period. Chicken table eggs (+4.9 p.p.) significantly strengthened its position in terms of the global exports, while table eggs, excluding hen eggs saw its share reduced by -4.9% from 2012 to 2022, respectively.

In value terms, chicken table eggs ($2.6B) remains the largest type of table eggs supplied worldwide, comprising 94% of global exports. The second position in the ranking was taken by table eggs, excluding hen eggs ($178M), with a 6.4% share of global exports.

From 2012 to 2022, the average annual rate of growth in terms of the value of chicken table eggs exports amounted to +2.6%.

Export Prices By Type

In 2022, the average table egg export price amounted to $1,512 per ton, increasing by 12% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The global export price peaked at $1,556 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exported products. In 2022, the product with the highest price was chicken table eggs ($1,531 per ton), while the average price for exports of table eggs, excluding hen eggs stood at $1,281 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by chicken table egg (-0.1%).

Export Prices By Country

In 2022, the average table egg export price amounted to $1,512 per ton, surging by 12% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $1,556 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($4,742 per ton), while Thailand ($438 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform