The data indicates that duck meat slaughtering in Thailand has seen a significant downward trend from 2013 to 2023, declining from 24.02 million units (heads) in 2013 to 16.59 million units in 2023. Over the last two years, the year-on-year variation shows a decrease of 8.4% in 2023 and 7.89% in 2022, indicating an accelerating decline. The Compound Annual Growth Rate (CAGR) over the last five years stands at -7.47%, reflecting a consistent reduction in duck meat production.
Looking forward, the forecast data from 2024 to 2028 projects a continued decline, with the volume expected to drop to 8.64 million units by 2028. The forecasted 5-year CAGR is -10.34%, suggesting an average annual decrease of 10.34%. This aligns with the overall trend of a significant downturn in the industry.
Future trends to watch for include potential factors driving this decline, such as changes in consumer preferences, production costs, and international market dynamics. Environmental and regulatory impacts on duck farming practices could also play a critical role in shaping the future of the industry.
