The duck meat production in South-eastern Asia has shown notable fluctuations over the past decade. After a peak in 2014 at 525.16 thousand metric tons, production experienced a significant drop, reaching its lowest in 2017 at 452.35 thousand metric tons. However, the industry rebounded from 2018 onwards, with 2023 standing at 526.55 thousand metric tons. This marks a 0.99% year-on-year growth from 2022 and an average annual growth rate (CAGR) of 1.36% over the past five years.
Looking ahead, the forecasted data suggests a continued but moderate increase in production, reaching 553.49 thousand metric tons by 2028. Despite the slight downward trend in the forecasted 5-year CAGR of 0.79%, the overall growth rate is projected to be approximately 4% over this period.
Future trends to watch for:
- Technological advancements in poultry farming might boost production efficiency.
- Changes in consumer preferences and dietary trends could impact demand.
- The influence of international trade policies and agreements on production and export dynamics.
- Effects of climate change on agriculture and livestock industries in the region.
