Over the past decade, the duck meat slaughtering industry in Vietnam has experienced fluctuating trends. From 2013 to 2016, there was a declining trend with values dropping from 85.4 million units to 69.46 million units, largely attributed to various market challenges. However, post-2016, there was a resurgence with a notable peak in 2019 at 82.28 million units. Although there was a slight dip in 2020, the subsequent years showed a positive trend, bringing the 2023 value to 83.93 million units. The CAGR over the last five years stands at 2.11%, indicating moderate growth.
Future forecasts show continued growth with the value expected to reach 88.69 million units by 2028. The forecasted 5-year CAGR is relatively modest at 0.87%, reflecting a stable but slow upward trend. This is progressive compared to historical volatility.
Future trends to watch for:
- Potential impacts of environmental policies on farming practices.
- Changes in consumer preferences and their impact on demand.
- Technological advancements in agriculture and their influence on production efficiency.
- Global economic conditions and trade policies affecting export markets.
- Potential effects of climate change on duck farming and livestock health.
