Forecast: Chicken Meat Supply in Philippines

The chicken meat supply in the Philippines for 2024 is forecasted to reach 2.02 Million Metric Tons, showing an upward trend. In 2023, the supply was 1.99 Million Metric Tons, indicating a year-on-year growth of approximately 1.51%. This upward trend is expected to continue with a 2.48% increase in 2025, reaching 2.07 Million Metric Tons, followed by consistent annual increases of around 2.42% in 2026, 2.36% in 2027, and 1.84% in 2028 to attain 2.21 Million Metric Tons.

The Compound Annual Growth Rate (CAGR) over the five-year forecast period from 2024 to 2028 stands at approximately 2.09%.

Future trends to watch for:

• Changes in domestic and international demand for chicken meat.
• Market price fluctuations due to supply chain issues or feed costs.
• Potential impacts of economic policies or trade agreements.
• Technological advancements in poultry farming and production efficiency.