The poultry meat production at the farm gate in Vietnam has exhibited variation over the years, reflecting both significant growths and declines. After incremental increases in the early 2010s, a peak occurred in 2019, followed by moderate variations. Notably, 2023 showed a production value of 2.2 billion Euros, leading up to a forecasted continuation of growth, reaching 2.73 billion Euros by 2028.
Key trends and variations in recent years include:
- A substantial growth of 52.62% in 2019.
- A decrease in production by 9.78% in 2020.
- A growth rate correction with a 7.94% increase in 2021, followed by a 5.6% increase in 2022, and a 5.25% increase in 2023.
- The five-year CAGR from 2024 to 2028 is projected at 3.43%, indicating a steady yet slower growth rate.
Future trends to watch for:
- Technological advancements and productivity improvements may play key roles in sustaining growth.
- Global economic fluctuations and domestic policies impacting production costs will be crucial factors.
- Increasing demand for poultry meat domestically and in export markets may drive higher production rates.
