Forecast: Poultry Meat Demand in Chile

The demand for poultry meat in Chile has shown steady growth from 2014 to 2023, with a notable dip in 2020 due to external factors, likely the COVID-19 pandemic, before rebounding strongly in 2021. In 2023, the demand stood at 806 thousand metric tons, increasing by 1.13% year-on-year. Over the last five years, the Compound Annual Growth Rate (CAGR) has been a modest 1.05%, indicating consistent albeit slow growth. The most significant year-on-year variation was observed in 2021 with a 21.88% increase, reflecting a recovery from the previous year’s slump.

Looking ahead, the demand is forecasted to continue its upward trend, reaching 854.33 thousand metric tons by 2028, with a forecasted 5-year CAGR of 0.92%. This slower growth rate suggests a stabilization in the market. Over the forecast period, the total growth rate is expected to be 4.67%, indicating a sustained but moderate increase in demand.

Future trends to watch for:

- Economic factors affecting consumer purchasing power.

- Changes in dietary preferences towards or away from poultry meat.

- Impact of global supply chain disruptions and production costs.

- Regulatory changes impacting poultry farming and meat production.