Over the past decade, the poultry meat slaughtering industry in Namibia has experienced significant fluctuations. With a low of 10.36 million heads slaughtered in 2014 and a gradual recovery over the following years. By 2023, the industry achieved a slaughter value of 14.07 million heads, signifying a steady annual growth rate and a positive trend.
The year-on-year growth rate from 2022 to 2023 was 0.64%, reflecting a stable, albeit modest, expansion in recent years. The compound annual growth rate (CAGR) over the last five years (2019-2023) stands at 0.67%.
Looking ahead, the forecast for 2024 suggests an increase to 14.17 million heads. Expected growth rates indicate continued but modest growth with a forecasted 5-year CAGR of 0.51%, culminating in an estimated 14.54 million heads by 2028. The sector will probably remain stable, underpinned by consistent demand and operational efficiencies.
Future trends to watch for:
- Potential impacts of climate change on poultry farming practices.
- Advancements in disease control and management.
- Shifts in consumer preferences towards sustainable and organic poultry products.
- Policy changes and their influence on production capacities and market dynamics.
