
Growth in the European Union (EU)'s poultry meat production is expected to slow over the next decade, according to forecasts in the latest EU Agricultural Outlook 2021-2031, published by the European Commission.
The report notes that, in response to slowing increases in consumer demand, increases in poultry meat production will slow to 0.4% per annum between 2021 and 2031, down from the 2.6% recorded between 2011 and 2021.
Over the last decade, the EU’s consumption of poultry grew by 2%. However, the rate of growth in consumption is also expected to slow, falling from 2% per annum to 0.5% over the decade ahead. By 2031, per capita consumption is expected to stand at 24.8 kg, up from 23.5 kg last year.
The report notes the main drivers of this growth will be consumer perceptions of poultry being healthier than other meats and its ease of preparation.
Broiler meat currently accounts for 82% of the EU’s poultry meat output, while turkey makes up 14% and duck meat 3%.
Exports
While the EU’s poultry meat exports may have expanded by 3.7% each year over the last decade, looking ahead the Commission predicts that the poultry industry will face greater competition and that the EU’s share of global trade in poultry meat could fall from its current level of 16% to 13% by 2031. Nevertheless, there are expected to be new opportunities for European exporters, particularly in areas including Sub-Saharan Africa, the Philippines, Colombia and the U.K. China, however, will source ever less poultry meat from overseas.
Where the EU’s imports are concerned, it will take until 2026 for imported volumes of chicken meat to reach pre-COVID-19 levels.
Prices in the region, which have undergone a recovery in recent months, are expected to plateau this year and then gradually increase through to decade end.
Poultry – Europe’s only long-term growth meat industry
www.WATTAgNet.com/blogs/23-poultry-around-the-world/post/41922