Feed & Additive Magazine Issue 2 March 2021

MARKET REPORT FEED & ADDITIVE MAGAZINE March 2021 85 for other global leaders, poultry consumption per capita showed much more modest growth. EXPORTS AND IMPORTS According to the IndexBox report, global poultry shipments increased 2.2 percent to 17 million tons in 2019. Total trade volume in the industry grew at an average annual rate of 3.3 percent in the period from 2009 to 2019. In terms of value, poultry ex- ports rose to $ 27.3 billion in 2019. During the re- viewed period, global exports reached a maximum of $ 28.5 billion in 2014; however, exports from 2015 to 2019 remained at a lower figure. FAO's data for 2019 indicates exports of poultry meat of 15.7 million tons. The value of these exports is 25.7 billion dollars. During the same period, 1.9 billion head of poultry exports were carried out as live animals. The value of these exports is 3.1 billion dollars. According to the IndexBox report, Brazil ranks first in global poultry exports with 4 million tons in 2019, accounting for about 24 percent of total exports. It is followed by the US with 3.6 million tonnes. The share of the US in total exports is about 22 percent. Brazil and the United States are followed by the Netherlands with 1.5 million tons and Poland with 1.5 million tons. The share of these two coun- tries in total exports is about 18 percent. The export amounts of other countries are as follows: Belgium 509 thousand tons, Turkey 493 thousand tons, Ger- many 473 thousand tons, France 398 thousand tons, Ukraine 361 thousand tons, United Kingdom 359 thousand tons, Hong Kong 328 thousand tons, and Thailand 295 thousand tons. Egg exports amounted to 2.3 million tons in 2019 according to FAO data. The value of these exports is 3.5 billion dollars. MARKET VOLUME AND GROWTH EXPECTATIONS The poultry sector, which has a market value of $ 310.7 billion in 2020, is expected to grow to $ 322.55 billion in 2021 and show a compound annu- al growth rate (CAGR) of 3.8 percent according to the "Poultry Global Market Report 2021: COVID 19 Impact and Recovery to 2030" report published by Reportlinker in January. The market is expected to reach $ 422.97 billion in 2025 with a compound annual growth rate of 7%. Growth in 2021 will be driven by companies that have survived the COVID-19 impact and reorga- nized their operations. The Covid-19 pandemic had caused the sector to go through a difficult process due to restrictions such as social distance, remote work, operational difficulties, and discontinued commercial activities. Resources: 1. Global number of chickens 1990-2019, Published by M. Shahbandeh, Feb 5, 2021; https://www.statista.com/ 2. Global broiler meat production 2020, by selected coun- try; Published by M. Shahbandeh, May 7, 2020; https:// www.statista.com/ 3. Food and Agriculture Organization of the United Na- tions (FA), MEAT MARKET REVIEW, Emerging trends and outlook, December 2020 4. Global Poultry Production to Reach 137M tonnes in 2020, Mainly Driven by Growth in China, the EU, and the UK, July 2020, Written by IndexBox, https://www.global - trademag.com (IndexBox AI Platform, “World - Poultry - Market Analysis, Forecast, Size, Trends and Insights”) 5. Reportlinker, Poultry Global Market Report 2021: COVID 19 Impact and Recovery to 2030, January 2021 6. Alltech Global Feed Survey 2021, https://one.alltech. com/2021-global-feed-survey/