The demand for poultry meat in Australia has shown a steady increase from 2014 to 2023, standing at 1.26 million metric tons in 2023. The year-on-year variation since 2020 indicates a stable, albeit slow, growth rate, with an average annual growth (CAGR) of 0.76% over the last five years. The year-on-year growth was marked by fluctuations, such as a significant rise in 2016 (6.27%) and a slight decline in 2018 (-2.73%). From 2019 onward, year-on-year variations remained generally modest, averaging close to 0.56% yearly from 2020 to 2023.
Forecast data suggest that the demand will continue its gradual rise to reach 1.29 million metric tons by 2028, driven by a forecasted 5-year CAGR of 0.42%, tallying a forecasted total growth rate of 2.13% over the period.
Key future trends to watch for:
- Potential shifts in consumer preference towards plant-based alternatives which might slow down the growth in poultry meat demand.
- Changing trade policies and international economic conditions that could affect imports and exports of poultry meat.
- Advancements in production technologies improving supply efficiency and cost.
