OVERVIEW
Total exports of bone-in broiler parts and feet during January-August 2023 attained 2,446,892 metric tons, 2.2 percent less than for January-August 2022 (2,500,842 metric tons). Total value of broiler exports declined by 9.3 percent to $3,176 million ($3,501 million).
Total export volume of turkey products during January-August 2023 attained 133,753 metric tons, 5.2 percent more than in January-August 2022 (127,184 metric tons). Total value of turkey exports declined by 7.5 percent to $393.0 million ($424.9 million).
Unit price for the broiler industry is constrained by the fact that leg quarters comprise over 97 percent of broiler meat exports by volume (excluding feet). From the first quarter of 2021 through 2022, unit value of leg quarters increased consistent with international demand followed by a decline in 2023. Leg quarters represent a relatively low-value undifferentiated commodity lacking in pricing power. Exporters of commodities are subjected to competition from domestic production in importing nations. Generic products such as leg quarters are vulnerable to trade disputes and embargos based on real or contrived disease restrictions.
Ongoing outbreaks of African swine fever in China and Southeast Asia from early 2019 and Europe from 2010 onwards have reduced the availability of pork. In addition, disruptions in chicken production and logistics due to COVID restrictions decreased availability of protein with international repercussions on trade in chicken and pork. The demand for pork imports to China has diminished with restoration of domestic hog production. Mild overproduction is evident in the white-feathered broiler sector with implications for exports other than feet during the remainder of 2033.
