Analyzing the broiler meat supply in Turkey reveals a steady growth trajectory from 2013 to 2023. The supply increased from 1.76 million metric tons in 2013 to 2.35 million metric tons in 2023, showcasing a compound annual growth rate (CAGR) of 2.73% over the last 10 years.
Key observations:
- Year-on-year growth fluctuated between -2.31% to 8.16% over the past decade, with notable dips in 2016 (-0.47%) and 2020 (-2.31%).
- The years 2021 and 2022 displayed stronger growth rates of 8.16% and 2.59%, respectively, highlighting a recovery phase.
- For 2023, the broiler meat supply stood at 2.35 million metric tons, with a year-on-year growth of 2.48%.
Future trends:
- Forecasts indicate continued growth, reaching 2.65 million metric tons by 2028.
- The projected five-year CAGR stands at 1.88%, with an overall forecasted growth rate of 9.76% for the next five years.
- Factors to watch for include evolving consumer preferences, potential market disruptions, and significant policy changes impacting local production.
