Turkey's chicken meat production has shown varied growth over the years. In 2023, production stood at approximately 2.41 million metric tons. During the past two years, production increased by 2.62% in 2022 and 2.5% in 2023, indicating stable growth. Over the last five years, the compounded annual growth rate (CAGR) averaged 2.23%. Historical trends reveal periods of both growth and slight declines, with notable increases such as 13.72% in 2017 and 8.15% in 2021. However, recent years have seen steadier growth.
Future trends to watch for include:
• The projected CAGR for the next five years is 1.89%, suggesting more modest growth compared to historical rates.
• Monitoring shifts in consumer preferences and potential impact of global economic conditions on production levels.
• Technological advancements and improvements in poultry farming practices that could enhance production efficiency.
The expected forecasted growth rate over the next five years is 9.81%, indicating continued expansion in the sector.
