In 2023, China remained the leader in global poultry meat production at the farm gate, standing at 92.41 billion US dollars, with a substantial year-on-year increase of 5.09%. The United States followed with 35.26 billion US dollars, despite witnessing a slight decline of 0.23%. Indonesia showed remarkable growth, increasing by 20.03% to 19.11 billion US dollars. India and Brazil recorded moderate growths of 8.21% and 1.1%, with values at 13.6 and 12.25 billion US dollars respectively. Other notable countries include Mexico at 5.88 billion US dollars, the Philippines at 4.48 billion US dollars, and South Africa at 3.41 billion US dollars, reflecting a range of growth rates.
In 2023, Canada, Argentina, Ukraine, and Israel showed modest increases, while South Korea experienced a significant drop of 6.45%, standing at 1.3 billion US dollars. Smaller markets like Costa Rica, Kazakhstan, New Zealand, and Switzerland saw varied growth, with Costa Rica achieving a notable 6.04% increase. Norway and Iceland had minor changes, with Iceland posting a slight decline of 1.25%.
Future Trends to Watch:
- Monitoring sustainability practices and technological advancements in poultry farming will be crucial.
- Economic and political shifts may impact production costs and international trade, influencing farm gate values.
- Growth potential in emerging markets, particularly in Asia and Latin America, will likely shape global distributions.
Top countries in Poultry Meat Production at Farm Gate by Country
# | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 China | 92,410 | 2023 | +3.88% | +5.09% | View data |
2 | 2 United States | 35,260 | 2023 | +4.92% | -0.23% | View data |
3 | 3 Indonesia | 19,110 | 2023 | +9.85% | +20.03% | View data |
4 | 4 India | 13,600 | 2023 | +6.1% | +8.21% | View data |
5 | 5 Brazil | 12,250 | 2023 | -0.072% | +1.1% | View data |
6 | 6 Mexico | 5,880 | 2023 | +1.77% | +2.39% | View data |
7 | 7 Philippines | 4,480 | 2023 | +3.48% | +5.11% | View data |
8 | 8 South Africa | 3,410 | 2023 | +3.98% | +0.51% | View data |
9 | 9 Canada | 2,530 | 2023 | +1.22% | +1.25% | View data |
10 | 10 Argentina | 2,210 | 2023 | -0.77% | +0.72% | View data |