[Industry] 2021 Cherry Valley White Pekin Duck Industry Market Analysis Report – Breeding Poultry Segment
Release date:
2022-01-28
I. 2021 Duckling Price Trend Chart

The above trend chart is based on monthly average prices. According to a company’s self-sustaining and self-incubation cost of 2.5 yuan per bird, the data shows that prices remained above the cost line in February, March, April, and November. In 2021, there were 363 quoted days, with 151 days recording prices equal to or higher than 2.5 yuan per bird. Among these, prices exceeded 4 yuan only for 69 days, while they stayed below 2 yuan for 176 days. Overall, the annual average price was 2.45 yuan per bird.
II. 2021 Egg Seed Price Trend Chart

The above trend chart is based on monthly average prices. According to a company’s self-sustained duck egg production cost of 1.7 yuan per egg, the data shows that prices remained above the cost line during February, March, and April. In 2021, there were 363 trading days, with 113 days recording prices equal to or higher than 1.6 yuan per egg. The annual average price of breeding eggs for the year was 1.61 yuan per egg.
III. Trend Chart of Hatching Eggs and Ducklings for the Same Period in 2021

IV. Culling of Breeding Ducks in Recent Years
| Year | 2018 | 2019 | 2020 | 2021 |
| Eliminated breeding ducks (in ten thousands) | 800 | 700 | 3000 | 2200 |
V. Recent Years' Situation of Parent-Derived Ducklings
| Year | 2018 | 2019 | 2020 | 2021 |
| Parent-generation ducklings (10,000 units) | 20 | 25 | 21 | 18 |
2021 Parent Duckling Quotation (Unit/Yuan)

6. Average monthly fluctuations in the price of laying feed per ton for ducks at a certain feed factory over the past four years
| Year | Price range (RMB/ton) | Note |
| 2018 | 60–80 | Rising |
| 2019 | 25-30 | Lowering |
| 2020 | 80-90 | Lowering |
| 2021 | 450–500 | Rising |
Summary:
Although the average prices of hatching eggs and ducklings in 2021 remained at the break-even point, significant losses incurred in 2020, combined with rising feed costs and other factors, led to increased farming expenses. Meanwhile, weak consumer demand resulted in losses for slaughterhouse operators. Take the profit of Juewei Food, China's largest leisure marinated products company, as an example: it grew by 25% in 2019 compared to 2018, but then declined by 12.4% in 2020 versus 2019. However, for 2021, profits are expected to surge by more than 80% compared to 2020. Looking ahead, the company’s competitive edge over the next five years may increasingly lie in its ready-to-eat and leisure food segments.
The waterfowl industry faced significant pressure in 2022 due to the COVID-19 pandemic—this wasn’t a problem that could be resolved simply by reducing capacity at a single stage. Therefore, the author advises careful consideration; the data provided here are for reference only.
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