EU poultry manufacturing anticipated to stay secure in 2023 – GAIN

EU poultry manufacturing anticipated to stay secure in 2023 – GAIN

Consumption forecast to extend 1.4%


calendar icon March 3, 2023

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Regardless of the growing prices of manufacturing and ongoing HPAI outbreaks, EU hen meat manufacturing is anticipated to stay secure in 2023, based on a recently-published USDA GAIN report.

With the easing of COVID restrictions, EU home consumption is forecast to extend by 1.4% in 2023 following the 1.2 p.c progress in 2022.

Whereas inflation continues to be a priority, hen meat continues to be typically extra inexpensive than different animal protein.

EU hen meat imports elevated by 13% in 2022, and additional progress is anticipated in 2023 pushed by a powerful demand within the HRI sector. EU demand for Ukrainian hen meat grew by 60% in 2022, as imports benefitted from non permanent EU free-trade measures to help Ukraine.

EU hen meat exports decreased by 6.1% in 2022, and an extra decline is anticipated in 2023 attributable to HPAI restrictions and lower cost competitiveness relative to different world suppliers.