Russia and India top poultry production rise
Russia increased its share of the global poultry market from 2.4% to 2.6% last year. However, Agroru experts predict that Russia’s poultry production growth will slow down after its entry into the World Trade Organization, and its share of the world market will increase only slightly to 2.8% by 2020.
Growing production in the largest CIS countries means they are becoming less dependent on poultry meat imports. According to experts at Westside Economics, Russia and the Ukraine’s share of global poultry meat imports could fall from 10% to 5% by 2020. In contrast, Asia and the Middle East are increasing imports of broiler meat and this trend is expected to continue.
World imports of poultry meat are forecast to increase by 39.1% to 11.1mt per year by 2020, with the largest importers in likely to be Hong Kong, China and Vietnam.
Exports of poultry have increased by 30% over the last decade, from 8.8mt to 11.4mt. Brazil and the US accounted for 71% of world poultry exports in 2010 and are expected to dominate in the years to come.
Westside Economics expects the world production of broiler meat to reach 91.9mt in 2020, up to 15.9 million tons (21%) from 2010. However, Russian analysts predicted it could grow by as much as 25% to 95.3mt.