In 2023, duck meat production in the Philippines was recorded at 34.97 Thousand Metric Tons. Forecasted data indicates a steady increase in production over the next five years. From 2024 to 2028, we observe annual growth from 35.34 Thousand Metric Tons to 36.89 Thousand Metric Tons, reflecting a positive trend.
- Year-on-year growth from 2024 to 2025 is approximately 1.13%.
- Year-on-year growth from 2025 to 2026 is approximately 1.09%.
- Year-on-year growth from 2026 to 2027 is approximately 1.05%.
- Year-on-year growth from 2027 to 2028 is approximately 1.04%.
- The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 1.08%.
Future trends to watch for include the impact of evolving consumer preferences, advancements in farming technology, and possible regulatory changes that could affect production practices. Monitoring these factors will be crucial in predicting long-term trends in the duck meat industry in the Philippines.
