Share via Email


* Email To: (Separate multiple addresses with a semicolon)
* Your Name:
* Email From: (Your IP Address is 44.200.74.241)
* Email Subject: (personalize your message)


Email Content:

Egg Exports

05/07/2022

USDA-FAS data collated by USAPEEC, reflecting export volume and values for shell eggs and egg products are shown in the table below comparing the first quarter of 2021 with 2022:-

 

 

Egg Exports

PRODUCT

Jan.-March. 2021

Jan.-March 2022

Difference

Shell Eggs

Volume (m. dozen)

44.7

24.0

-20.7 (-46.3%)

Value ($ million)

45.5

32.3

-13.2 (-29.0%)

Unit Value ($/dozen)

1.02

1.35

+0.33 (+27.5%)

Egg Products

Volume (metric tons)

9,287

8,057

 -1,230 (-13.2%)

Value ($ million)

26.9

33.5

+6.6 (+24.5%)

Unit Value ($/metric ton)

2,897

4,158

+1,261 (+43.5%)

 

U.S. EXPORTS OF SHELL EGG AND EGG PRODUCTS DURING

JANUARY-MARCH 2022 COMPARED WITH 2021

 

SHELL EGGS

 

Shell egg exports from the U.S. during the first quarter of 2022 decreased by 46.3 percent in volume and 29.0 percent in total value compared to 2021. Unit value was 27.5 cents higher to $1.35 per dozen in 2022 compared to January-March 2021. The top two importers, Hong Kong and Canada combined, represented 63.3 percent of volume and 59.1 percent of total value.

 

Hong Kong was the leading importer of shell eggs in January-March 2022, with 9.0 million dozen representing 37.5 percent of volume and 31.3 percent of the $32.3 million total value of U.S. shipments of shell eggs. Average unit value was $1.12 per dozen, below the average prevailing nest-run USDA benchmark price of $1.33 during the first quarter of 2022*. In 2021 Hong Kong imported 53.8 million dozen valued at $48.2 million. During March, Hong Kong imported 2.9 million dozen shell eggs valued at $3.5 million down 19.4 percent in volume from March 2021 at a unit price of $1.21 per dozen.

 

Canada displaced Mexico to become the second-ranked importer of U.S. shell eggs during the first quarter of 2022. The 6.2 million dozen received represented 25.8 percent of volume and 25.9 percent of value with a unit price of $1.45 per dozen. During March 2022 imports of shell eggs were down 12.1 percent in volume although Canada was ranked first in volume and value for the month.

 

* USDA Benchmark unit prices: January, $1.05 per dozen; February, $1.35 and March $1.58.

 

Mexico was the third-ranked importer of shell eggs during January-March 2022 with 3.2 million dozen representing 13.3 percent of volume and 9.9 percent of total value corresponding to a unit value of $1.00 per dozen 25.9 percent below the U.S. benchmark average of $1.33 per dozen for the three months.. For March 2022 imports of shell eggs by Mexico decreased by 81.1 percent in volume and 78.8 percent in value compared to March 2021. During 2021 Mexico was second-ranked in shell egg exports receiving 52.2 million dozen valued at $41.9 million.

 

For January-March 2022 the remaining nations of importance in the E.U., the Caribbean and the Middle East collectively received 5.6 million dozen valued at $10.0 million with a unit price of $1.79 cents per dozen.

 

During March 2022 the Caribbean, the E.U. and the Middle East collectively received 2.2 million dozen valued at $4.0 million with a unit price of $1.82 cents per dozen.

 

EGG PRODUCTS

The total volume of exported egg products during January-March 2022 decreased by 13.2 percent to 8,057 metric tons compared to the corresponding months in 2021. Total value of $33.5 million was higher by 24.5 percent compared to the first quarter of 2021. Unit value increased by 43.5 percent to $4,158 per ton, up from the $2,892 received during January-March 2021.

 

In March 2022 the U.S. exported 2,803 metric tons, down 20.7 percent in volume but up 1.0 percent in value compared to March 2021. The difference in unit price reflects composition of exports and the relationship between World supply and demand with Ukraine now restrained in production and India as a significant exporter during the month. Through 2021 the U.S. exported 35,068 metric tons of egg products valued at $109.1 million with a unit price of $3,108 per metric ton.

 

Japan was the leading importer for January-March 2022 based on a value of $8.5 million and a volume of 2,030 metric tons that represented 25.2 percent of the total U.S. exports of egg products, a decrease of 29.6 percent compared with January-March 2021. The high unit value of $4,187 per metric ton compares with the average value for all U.S. exports of egg products with a unit value of $4,158 or $4,148 excluding Japan. The discrepancy in unit price reflects the product mix. With conclusion of a bilateral trade agreement the U.S. is no longer at a competitive disadvantage with respect to the E.U. In 2021 Japan imported 11,796 metric tons of egg products from the U.S., 31.6 percent more than in 2020.

 

Canada was the first in rank by volume among importers, purchasing 2,263 metric tons in January-March 2022 comprising 28.1 percent of volume and 19.1 percent of value with a unit price of $2,828 per metric ton. During March 2022 Canada was the leading importer by volume receiving 963 metric tons representing 34.3 percent of volume and 26.4 percent of value. Volume was 66.6 percent and value was 155 percent higher than in March 2021. This reflected restoration of the institutional and food service sectors in our northern neighbor.

 

For the first quarter of 2022 South Korea ranked 3rd among importers with 1,379 metric tons of egg products up 35.6 percent from January-March 2021 due to domestic demand despite onset of production by replacement flocks after HPAI depletion. During March, South Korea imported 414 metric tons representing 14.8 percent of total volume and 14.2 percent of value, respectively 22.5 percent lower in volume but 36.3 percent higher in value than in March 2021. In 2021 South Korea imported 5,140 metric tons valued at $513.3 million up 133.3 percent from 2020.

 

Mexico was 4th ranked as an importer of egg products over the first quarter of 2022 receiving 977 tons from the U.S. representing 12.1 percent of volume and 11.0 percent of value with a unit price of $3,787 per metric ton. Volume and value for the first quarter of 2022 were down respectively 57.7 percent and 22.9 percent. During March 2022 Mexico reduced imports of products by 62.1 percent compared to the corresponding month in 2021.

 

COMMENTS

Exports of shell eggs and egg products to our USMCA neighbors were valued at $80.8 million in 2019 and $76.9 million in 2020. During 2021 the value of shell eggs and egg products attained $101.8 million or 32.7 percent of combined export value. January-March 2022 exports attained $13.3 million in value.

 

In addition to landed cost, logistics and availability, prospects for long-term exports of shell eggs will be limited by disease considerations. Exports will be dependent on the willingness of importers to accept the World Organization for Animal Health (OIE) principle of regionalization in the event of outbreaks of exotic Newcastle disease or isolation of either H5 or H7 avian influenza (AI), irrespective of pathogenicity from commercial flocks. Most importing nations are now applying regionalization and permitting imports on a zonal, county or state-exclusion basis following H5 or H7 AI infection. Canada and the U.S. operate according to a 2018 bilateral agreement to maintain trade in the event of outbreaks of catastrophic exotic diseases including HPAI and END.

 

With the ongoing and intensifying conflict in Ukraine, egg liquid exports from that Nation will decline sharply in the intermediate term but availability will constrain exports.

 

Generally pasteurized egg products should not be subject to any embargo imposed following reports of AI or Newcastle disease in a region.