Over the past decade, Australia’s poultry meat production has shown a steady overall increase. Starting from 1.1034 million metric tons in 2013, the production has grown to 1.3807 million metric tons in 2023, marking a growth of approximately 25.1% over this period. Noteworthy annual variations occurred throughout these years, including significant growth in 2016 (6.72%) and a decrease in 2020 (-3.04%) due to potential external factors such as market disruptions. The five-year CAGR up to 2023 stands at 2.3%, indicating a consistent upward trend.
From 2024 onwards, forecasts indicate a moderate but continuous rise in production, reaching up to 1.5105 million metric tons by 2028. The expected five-year CAGR from 2023 to 2028 is 1.42%, illustrating a deceleration compared to the recent past.
Future trends to watch for include:
- Advancements in poultry farming technologies
- Changes in consumer preferences towards alternative protein sources
- Potential impacts of feed costs and trade policies on production rates
- Environmental regulations influencing farming practices
- Developments in global and domestic poultry demand.
