From 2013 to 2023, the poultry meat slaughtering industry in Brunei exhibited fluctuations. The value initially dropped from 17.94 million heads in 2013 to 15.71 in 2015, followed by minor upticks and declines, eventually reaching 17.54 million heads in 2023. The year-on-year growth was modest, with minor increases of 1.18% in 2022 and 1.15% in 2023. The current CAGR displays a slight average yearly growth of 0.48% over the last five years.
Key future trends to watch for:
- Projected consistent growth with a CAGR of 0.91% from 2024 to 2028.
- A total expected growth rate of 4.61% over the next five years.
- Increasing efforts in sustainable and efficient poultry farming practices.
- Potential impacts of dietary shifts and health consciousness on poultry consumption.