The duck meat production in Bangladesh stood at 60.45 thousand metric tons in 2023. Historically, the trend has shown a steady increase from 46 thousand metric tons in 2013 to 60.45 thousand metric tons in 2023, with a minor dip in 2020. The year-on-year growth varied, peaking at 7.28% in 2021 and dropping to -3.17% in 2020. Over the last two years (2022-2023), the variation was around 1.77% and 1.84%. The average annual growth rate (CAGR) from 2018 to 2023 was about 1.88%. Future forecasts indicate a continued gradual increase, with an expected 5-year CAGR of 1.37% and an overall growth rate of 7.05% by 2028.
Future trends to watch for:
- The impact of climate change on duck farming practices.
- Advancements in farming technology and their adoption rates.
- Changes in consumer demand and export opportunities.
- Government policies and subsidies in the agriculture sector.
- Potential rise in feed costs and its effect on production.
