IndexBox has just published a new report: ‘Eastern Europe – Hen Eggs – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The revenue of the chicken egg market in Eastern Europe amounted to $9.7B in 2018, surging by 6.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Over the period under review, chicken egg consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the market value increased by 13% against the previous year. The level of chicken egg consumption peaked at $10.8B in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Consumption By Country in Eastern Europe

The country with the largest volume of chicken egg consumption was Russia (2.6M tonnes), accounting for 54% of total consumption. Moreover, chicken egg consumption in Russia exceeded the figures recorded by the region’s second-largest consumer, Ukraine (898K tonnes), threefold. The third position in this ranking was occupied by Poland (345K tonnes), with a 7.2% share.

In Russia, chicken egg consumption expanded at an average annual rate of +1.6% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Ukraine (+1.0% per year) and Poland (-3.8% per year).

In value terms, the largest chicken egg markets in Eastern Europe were Ukraine ($4.5B), Russia ($2.8B) and Hungary ($673M), together accounting for 82% of the total market.

The countries with the highest levels of chicken egg per capita consumption in 2018 were Ukraine (20 kg per person), Belarus (18 kg per person) and Russia (18 kg per person).

From 2007 to 2018, the most notable rate of growth in terms of chicken egg per capita consumption, amongst the main consuming countries, was attained by Russia, while the other leaders experienced more modest paces of growth.

Market Forecast 2019-2025 in Eastern Europe

Driven by increasing demand for chicken egg in Eastern Europe, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.8% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 5.1M tonnes by the end of 2025.

Production in Eastern Europe

The chicken egg production amounted to 5.1M tonnes in 2018, therefore, remained relatively stable against the previous year. Overall, chicken egg production continues to indicate mild growth. The most prominent rate of growth was recorded in 2010 when production volume increased by 3.2% against the previous year. The volume of chicken egg production peaked in 2018 and is expected to retain its growth in the near future. The general positive trend in terms of chicken egg output was largely conditioned by slight growth of the number of producing animals and a relatively flat trend pattern in yield figures.

In value terms, chicken egg production stood at $11.3B in 2018 estimated in export prices. The total output value increased at an average annual rate of +1.4% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 39% against the previous year. The level of chicken egg production peaked at $12B in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.

Production By Country in Eastern Europe

Russia (2.5M tonnes) constituted the country with the largest volume of chicken egg production, comprising approx. 50% of total production. Moreover, chicken egg production in Russia exceeded the figures recorded by the region’s second-largest producer, Ukraine (895K tonnes), threefold. The third position in this ranking was occupied by Poland (600K tonnes), with a 12% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in Russia totaled +1.6%. In the other countries, the average annual rates were as follows: Ukraine (+0.9% per year) and Poland (+0.8% per year).

Producing Animals in Eastern Europe

In 2018, approx. 444M heads of producing animals were grown in Eastern Europe; approximately reflecting the previous year. This number increased at an average annual rate of +1.1% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed over the period under review. The growth pace was the most rapid in 2012 with an increase of 5.3% y-o-y. Over the period under review, this number attained its peak figure level in 2018 and is likely to continue its growth in the near future.

Yield in Eastern Europe

In 2018, the average chicken egg yield in Eastern Europe totaled 11 kg per head, remaining stable against the previous year. Over the period under review, the chicken egg yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 when yield increased by 7% year-to-year. In that year, the chicken egg yield attained its peak level of 12 kg per head. From 2010 to 2018, the growth of the chicken egg yield remained at a lower figure.

Exports in Eastern Europe

In 2018, approx. 437K tonnes of chicken eggs were exported in Eastern Europe; rising by 6.8% against the previous year. Over the period under review, chicken egg exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 91% year-to-year. The volume of exports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, chicken egg exports amounted to $657M (IndexBox estimates) in 2018. In general, chicken egg exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 53% against the previous year. The level of exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Poland prevails in chicken egg exports structure, finishing at 267K tonnes, which was near 61% of total exports in 2018. Belarus (40K tonnes) took the second position in the ranking, followed by Russia (33K tonnes), Latvia (23K tonnes) and the Czech Republic (20K tonnes). All these countries together occupied approx. 27% share of total exports. Bulgaria (15K tonnes) and Romania (12K tonnes) followed a long way behind the leaders.

Poland was also the fastest-growing in terms of the chicken eggs exports, with a CAGR of +21.8% from 2007 to 2018. At the same time, Russia (+19.2%), Bulgaria (+15.5%), the Czech Republic (+6.4%), Latvia (+5.8%), Romania (+5.6%) and Belarus (+2.5%) displayed positive paces of growth. From 2007 to 2018, the share of Poland, Russia, Bulgaria, Latvia, the Czech Republic and Belarus increased by +54%, +6.5%, +2.8%, +2.4%, +2.3% and +2.2% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($402M) remains the largest chicken egg supplier in Eastern Europe, comprising 61% of total chicken egg exports. The second position in the ranking was occupied by the Czech Republic ($43M), with a 6.5% share of total exports. It was followed by Bulgaria, with a 5.2% share.

From 2007 to 2018, the average annual growth rate of value in Poland amounted to +19.0%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+2.1% per year) and Bulgaria (+11.2% per year).

Export Prices by Country

In 2018, the chicken egg export price in Eastern Europe amounted to $1,504 per tonne, picking up by 3.6% against the previous year. Over the period under review, the chicken egg export price, however, continues to indicate a noticeable slump. The growth pace was the most rapid in 2017 when the export price increased by 24% against the previous year. Over the period under review, the export prices for chicken eggs attained their peak figure at $2,301 per tonne in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Bulgaria ($2,219 per tonne), while Belarus ($733 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Poland, while the other leaders experienced a decline in the export price figures.

Imports in Eastern Europe

In 2018, the imports of chicken eggs in Eastern Europe stood at 182K tonnes, jumping by 6.4% against the previous year. The total imports indicated strong growth from 2007 to 2018: its volume increased at an average annual rate of +4.6% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, chicken egg imports decreased by -6.8% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 20% y-o-y. The volume of imports peaked at 196K tonnes in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

In value terms, chicken egg imports amounted to $383M (IndexBox estimates) in 2018. Over the period under review, chicken egg imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 20% y-o-y. In that year, chicken egg imports attained their peak of $489M. From 2015 to 2018, the growth of chicken egg imports remained at a lower figure.

Imports by Country

Russia represented the main importing country with an import of around 84K tonnes, which amounted to 46% of total imports. It was distantly followed by the Czech Republic (20K tonnes), Hungary (17K tonnes), Poland (12K tonnes), Lithuania (11K tonnes), Latvia (8.7K tonnes) and Romania (8.5K tonnes), together creating a 42% share of total imports.

Imports into Russia increased at an average annual rate of +6.5% from 2007 to 2018. At the same time, Hungary (+15.5%), Lithuania (+15.4%), Romania (+7.6%), Latvia (+3.7%) and Poland (+2.7%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer in Eastern Europe, with a CAGR of +15.5% from 2007-2018. The Czech Republic experienced a relatively flat trend pattern. While the share of Russia (+23 p.p.), Hungary (+7.3 p.p.), Lithuania (+4.6 p.p.), Romania (+2.6 p.p.), Poland (+1.6 p.p.) and Latvia (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($208M) constitutes the largest market for imported chicken eggs in Eastern Europe, comprising 54% of total chicken egg imports. The second position in the ranking was occupied by the Czech Republic ($35M), with a 9% share of total imports. It was followed by Hungary, with a 7.2% share.

From 2007 to 2018, the average annual growth rate of value in Russia amounted to +3.3%. In the other countries, the average annual rates were as follows: the Czech Republic (-4.1% per year) and Hungary (+10.6% per year).

Import Prices by Country

The chicken egg import price in Eastern Europe stood at $2,099 per tonne in 2018, picking up by 3.7% against the previous year. Overall, the chicken egg import price, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2017 an increase of 11% y-o-y. Over the period under review, the import prices for chicken eggs attained their maximum at $3,152 per tonne in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Russia ($2,490 per tonne), while Latvia ($1,300 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform