The beef meat slaughtering industry in Indonesia saw divergent trends from 2013 to 2023. Initially, it experienced significant growth, with a 7.62% year-on-year increase in 2013 and a 4.17% rise in 2014. However, 2015 marked a downturn with a 13.01% decrease, followed by a stagnant period until 2017. The market recovered in 2018 with a 7.41% increase, and by 2019 experienced a 7.19% rise. Although 2020 saw a decline of 5.5%, the market rebounded quickly in 2021 with a 6.93% increase. In 2023, the value stood at 2.6003 million heads, indicating a 1.47% year-on-year increase. The compound annual growth rate (CAGR) over the last five years was 2.22%. Forecasts up to 2028 suggest a moderate growth at a 1.15% CAGR, culminating in a 5.89% overall increase.
Future trends to watch for include potential impacts of regulatory changes, technological advancements in agriculture, shifts in consumer demand for beef, and global trade dynamics. Economic conditions and local initiatives to boost livestock production will also be crucial in shaping the future of the industry.
