Forecast: Chicken Meat Production in Singapore

Singapore's chicken meat production, standing at 105.45 thousand metric tons in 2023, has demonstrated variability over the past decade. After a decline in 2014-2015, production rebounded in 2016, stabilizing and growing modestly since then. Between 2022 and 2023, the year-on-year growth was 1.07%, reflecting a balanced trend. Over the last two years, a steady increase is evident, signifying a recovering market. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 was 0.61%, indicating slow but positive growth over recent years.

Future projections suggest continued stable increases in chicken meat production, with an expected CAGR of 0.85% from 2024 to 2028, leading to a forecasted production of 111.29 thousand metric tons by 2028. The focus will likely be on technological advancements and sustainable practices to bolster production efficiency and meet rising demand.

Future trends to watch for include:

• Technological innovations in poultry farming
• Sustainability initiatives and their impact on production
• Shifts in consumer preferences towards local production
• Impact of trade policies and international relations on production stability