Despite the fact that the global poultry market is expected to have a year-over-year growth rate for 2019 of 2.93%, Technavio analysts expect to see a stronger growth rate for the next 4 years. A key factor driving the growth of the global poultry meat market is the increasing import and export of poultry meat. Various countries have increased the import of chicken meat in recent years. For instance, Japan, Mexico, Saudi Arabia, China, and Iraq were some of the key importers of chicken meat during 2018. In addition, there has been a significant increase in the import of chicken meat from emerging economies including the Philippines owing to the rising demand for chicken. Read more...
After a short period of volatility, protein demand from China and new trade agreements are modifying the outlook for the months to come. The global market for poultry is looking much better than it did a few months ago, according to Nan-Dirk Mulder, a senior animal protein analyst at Rabobank. After a few quarters dominated by uncertainty regarding trade and disease restrictions, the outlook is starting to look much promising. "The outlook is changing, Rabobank is gradually becoming more optimistic that the market has reached a turning point, with global price levels starting to trend up – especially since global trade conditions have started to improve and. Read more...
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