Between 2013 and 2023, the poultry meat slaughtering industry in Australia demonstrated fluctuating yet generally upward trends, with volumes increasing from 585.45 million units in 2013 to 714.59 million units in 2023. Over this period, the highest year-on-year growth was observed in 2021 at 7.09%, while the most significant decline occurred in 2020 with a decrease of -3.15%. The compound annual growth rate (CAGR) over the past five years stood at 1.9%, indicating modest but steady growth.
Looking to the future, forecasts predict continued growth in the poultry meat slaughtering industry, with an average annual increase of 1.25% and a cumulative growth of 6.42% over the next five years. This is indicative of a stable market with potential for gradual expansion.
Future trends to watch:
- Impact of technological advancements on slaughtering processes
- Changes in domestic consumption patterns due to health trends
- Potential effects of environmental and regulatory policies on production
- Expansion in export markets and international trade dynamics
