From 2013 to 2023, the poultry meat production at farm gate in Australia showed fluctuations, averaging around 2.1 Billion US Dollars. The year-on-year variation was notable, with gains such as 5.35% in 2014 and 7.36% in 2017 but also significant drops like -12.25% in 2015 and -9.09% in 2018. The recent years show stabilization, with an increase of 1.88% in 2022 and 1.83% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was around 0.38%, indicating modest growth.
For the period 2024-2028, the forecast indicates a positive trend with a forecasted CAGR of 1.34% and an overall growth rate of 6.88%. This points towards a steady increase in poultry meat production at farm gate, potentially reaching 2.3 Billion US Dollars by 2028.
Future trends to watch for:
- Technological advancements in farming techniques.
- Changes in consumer demand and preferences.
- Potential impact of climate change on poultry farming.
- Global economic conditions affecting export and import dynamics.
