Get the latest insights on price movement and trends analysis of Eggs in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Eggs Price Trends for the First Half of 2023
As the year began, egg prices continued their upward sprawl as the prices kept on rising all through the first quarter. High inflation raised food prices across the globe. Climate change inflicted heat stress and drought, which caused depression in bird populations. A wave of bird flu was also detrimental to the overall egg yield.
However, the price situation improved a little with the change in quarters since the grain costs normalized, and inflation came down a little. Overall, mixed price sentiments were observed for eggs during the said time period of H1’23.
According to Procurement Resource, with severe heat rise in summer months, the egg yield is expected to get hampered again, raising price concerns.
Eggs Price Trends for the Second Half of 2022
The second half of the year 2022 witnessed soaring egg prices, with the highest YOY jump of around 59% in any food product in December 2022. There are several factors that contributed to the skyrocketing egg prices.
The price of eggs, one of the most consumed food items, depends on the costs of rearing bird flocks. Since the Russia-Ukraine war began, the grain prices saw an upsurge, raising the bird food prices as well. Further, the severe heat and drought-like climatic conditions also plundered the supply. Avian flu in 2022 killed a lot of birds while affecting both the quality and quantity of remaining flocks. Overall, the egg prices observed a steep incline throughout the said period of H2’22.
According to Procurement Resource, as it takes 3-4 months for a chicken to get to the egg-laying stage, the prospects of early improvement in the price situation are very limited.
For the Second Quarter of 2022
The unabated inflation in the farm and poultry input costs has caused the prices of eggs to explode globally. In the Indian domestic market, the prices have shot up by 18% compared to the last months. This high price is due to the declining production of egg-laying hens due to rising cases of avian flu, inflated feed prices, and worsened weather conditions.
The prices of farm feed and poultry medicines have shot up by around 80% since the beginning of the year. Selling an egg below 7 INR/piece is non remunerative for the farmers as they cannot recover the production costs due to the unprecedented rise in the input costs.
A severe outbreak of bird flu in France and exploding prices of food and feed due to the ongoing geopolitical confrontation are tightening the global egg supply causing the prices to inflate. According to the European Commission, the prices of eggs soared 22% Y-O-Y in the European domestic market. During the said period, the price averaged 180.19 EUR/100kg.
According to USDA, the price of eggs soared around 44% Y-O-Y in the domestic market. The spread of highly contagious bird flu destroyed the potent egg-laying poultry chicks and decreased the egg stockpiles in the market, causing the prices to inflate. The price of Grade A large eggs averaged 2.86 USD/dozen in the domestic market. As per the latest USDA forecast, the wholesale price of eggs is expected to reach 1.70 USD/dozen by the fourth quarter of 2022.
For the First Quarter of 2022
In March 2022, wholesale prices for cartoned shell eggs in the United States continued to rise sharply due to limited availability and light to moderate supply. As offerings remained limited and supplies declined to a light to moderate level, wholesale prices for graded loose eggs continued to rise sharply, rivalling the spike witnessed in the early phases of the COVID epidemic in April 2020.
As the Easter marketing season approaches, marketers are concerned about potential supply interruptions due to recent outbreaks of highly virulent avian influenza in commercial flocks. Due to lower product availability, the amount of trailer load sales declined by 10%.
With a higher undertone, prices for truckload quantities of graded, loose white Large shell eggs jumped by 0.71 USD to 2.099 USD/dozen in national trading. The wholesale price of large cartoned shell eggs shipped to retailers in the New York market increased by USD 0.88 to USD 2.77/dozen, with a higher undertone.
Egg prices in the domestic market have increased significantly in recent weeks as a result of substantially higher demand exceeding available supply. The domestic market is vibrant, while orders from abroad continue to be extremely active due to the price differential with other European markets.
For the Fourth Quarter of 2021
In Delhi, India the cost of eggs in the final quarter was around 540 INR/100 eggs while in the state of Uttar Pradesh the egg prices rose to 560 INR/ 100 eggs. The reason for the price rise was the high demand during the winters, although the supply was low. The cost to farmers was also high which caused the overall egg prices to increase in the region.
In UK during Q4 2021, the price decreased to 87.7p per dozen, falling by 2.7% from the previous quarter and higher by 7.4% as compared to same quarter of 2020. The total egg production, which was 18.7k MT, had also decreased by around 7.1% as compared to the previous quarter.
In the US, egg prices were rising in the final quarter of 2021 due to issues in the supply chain. The price rose to 1.64 USD per dozen in December 2021. The rise in egg prices came after a poor harvest of soybeans and corn due to bad weather conditions which aggravated the feed costs and in turn affected the egg price in the region.
The Brazilian production increased by almost 2% by November 2021 with a record high output of close to 54.5 billion eggs. The input costs had increased but so did their demand and consumption.
For First, Second and Third Quarters of 2021
In China, egg prices rose sharply in August, increasing by 20% in a month. According to financial reports, wholesale prices rose by 1 yuan per catty in China and continued to rise. In August 2021, the price was 10.67 RMB/kg up from 8.89 RMB/kg in July, increasing by 20% in a month. There was a significant rise in the prices of not just ordinary eggs but also firewood, native and black-bone eggs. The rise in egg prices was a result of the rise in feed costs.
In India, the demand had fallen during the first quarter of 2021, due to the outbreak of bird flu. The demand bounced back in the second quarter, as consumption of poultry products increased as inexpensive sources of protein to build immunity amid the spread of second wave of coronavirus. The prices increased to 6-7 INR/egg amid tight supplies following the flu outbreak in January and February.
In 2021, Europe witnessed cases of avian influenza which heavily impacted the egg production in Poland as it observed the loss of laying hens as the virus started to strain the poultry industry. Several European countries were dealing with the cases of bird flu. As farmers faced the loss of laying hens, the costs of egg witnessed an upward trends amid its reduced supply. In Poland, egg prices on the wholesale market jumped by about 18-20% by the end of January. In France and Germany, the European Commission reported rising prices where in Spain, a major producing country, the prices remained weak.
In the first quarter of 2021, egg prices soared in the US as result of higher-than-normal demand ahead of Easter festival as people dye eggs and prepare traditional recipes for Easter egg hunts. In January, the prices were 1.46 USD per dozen. Another factor for the rise in egg prices was the increase in the prices of corn and soybeans which in turn affected the feed prices and ultimately impacted the prices of eggs in the region.
In Brazil, the demand stalled while the cost to farmers increased as a result of rising feed and other input costs like packaging. In the first two months of 2021, the production in Brazil had increased by 150.6% as compared to the same time in the previous year while exports to UAE alone increased by 209.7% since the levels in the same time in 2020.
For the Year 2020
In China, the egg market was subjected to low demand amid high inventory levels which brought down the prices in the region down to multi-year lows. In May 2020, the prices had fallen to 368.92 USD/MT. African Swine Fever and the spread of the coronavirus pandemic were a couple of reasons which kept the inventories high amid low demands. In India, the prices for poultry products dipped by 15-30% as a result of the pandemic and also due to the spread of fake rumors of coronavirus spreading through poultry and egg products which reduced the demand and consumption in the region for most part of the year.
The out-of-home consumption fell due to the lockdown measures across Europe while food retail purchases received an unexpected boost. The demand for egg and its products reduced during the pandemic. The EU Commission reported that use of both shell eggs and egg products decreased by 0.2 kg to 13.8 kg per head of population (as compared with the figure of 14 kg in 2019).
Across the EU, organic eggs have become more important gradually over the years, growing from 3.7 % of production in 2012 to 6 % by 2020. In Denmark, the proportion of organic eggs was 30 % in 2020, and in Austria and Germany it was above average at more than 12%.
In March, prices hit an all-time high of 3.09 USD a dozen in the US before a national emergency was declared. Eggs, being an inexpensive form of protein, witnessed a sharp rise in demand and was subjected to panic buying which resulted in low supplies as production remained unchanged. The rise in their prices was also a result of price gouging by several companies who saw the pandemic as an opportunity to increase margins.
In 2020, the egg sector in Brazil was hit by the pandemic and was the worst year since 2010. The sector made around USD 1.63 million in 2020 with exports of 5300 MT.
Procurement Resource provides latest prices of Eggs. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Eggs are laid by female animals of several distinct species, like birds, reptiles, amphibians, mammals, or fish. Eggs are being consumed by humans for thousands of years. They consist of a protective eggshell, albumen, that is known as the egg whites and vitellus, that is egg yolks, contained within various thin membranes.
|Industrial Uses||Dairy products, Confectionery, Baked goods, Drinks such as eggnog, Mayonnaise, sauces and dressings, Thickening, and binding and gelling agent, Emulsification|
|Supplier Database||Vital Farms, Cal-Maine Foods Inc, Rose Acre Farms, Rembrandt Enterprises, Michael Foods, Inc, Maple Meadow Farm, Inc|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The process involves the laying of eggs by well-fed hens in poultry enterprises. These eggs are then collected and washed to remove protective coating of eggs (bloom). After these steps, candling, grading, and sorting and packing of these eggs take place to further sell them in the markets for consumption.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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