Oceania's mutton and goat meat production showed a downward trend from 2014 to 2023, standing at 1.21 million metric tons in 2023. There were fluctuations, with notable declines in 2017 and 2020 and a recovery peak in 2018. Over the last five years, the CAGR was -0.46%, indicating a slight overall shrinkage.
In the upcoming years, production is expected to decline slightly through 2028, with a projected 5-year CAGR of -0.11%. Key factors to watch for future trends include changing dietary preferences, environmental policies, and economic factors influencing livestock farming.
