Forecast: Poultry Meat Demand in Indonesia

Poultry meat demand in Indonesia has exhibited consistent growth, reaching 2.19 million metric tons in 2023. Over the last two years, demand grew by 0.78% annually, indicating a steady recovery post-2020's downturn caused by the pandemic. In a broader context, the 5-year CAGR is 0.65%, reflecting gradual year-over-year increases. Historically, from 2014 to 2019, an upward trajectory was seen, with occasional declines such as in 2019 and a significant drop in 2020. However, the market rebounded strongly by 21.55% in 2021.

Looking ahead, forecasted figures indicate a continued, albeit modest, demand increase. By 2028, the 5-year CAGR is forecasted at 0.65%, translating to a cumulative growth rate of 3.3% over this period. Future trends to watch for include potential impacts of economic fluctuations, changing consumer preferences, and advancements in poultry farming technology impacting production efficiency.

• Steady growth seen in recent years with recovery from the pandemic.
• 2023 figures show stable demand at 2.19 million metric tons.
• 5-year historical CAGR at 0.65%, forecasted CAGR for the next 5 years also at 0.65%.
• Future trends influenced by economic, consumer, and technological factors.