From 2013 to 2023, the duck meat slaughtering market in Argentina has shown varied growth trends. After a slight fluctuation in the earlier years, the market witnessed a significant rise from 2017 onwards. In 2023, the market stood at 3.85 million units, growing steadily into an annual forecasted average.
The annual year-on-year variation saw significant fluctuations, with notable declines in 2015 and 2020 and strong recoveries in subsequent years, like the 6.16% increase in 2021. The compound annual growth rate (CAGR) over the past five years recorded at 0.91% indicates moderate growth.
Looking forward, the forecast for 2024 to 2028 suggests a continued, albeit slower, upward trend with a forecasted 5-year CAGR of 0.65% and a total growth rate of 3.31%.
Future trends to watch for include potential shifts in consumer preferences, changes in agricultural practices, and the impact of economic conditions on meat production. Additionally, exploring market expansion possibilities and advancements in technology could be vital in shaping the industry's future.
