Based on the forecast data for horse meat slaughtering in Vietnam from 2024 to 2028, there is a consistent year-on-year decrease observed. The values are expected to decline from 6.32 thousand heads in 2024 to 4.07 thousand heads by 2028. The year-on-year percentage variation shows a steady decline, reflecting a decrease in the volume of horse meat slaughtering each year.
To provide context, the actual data for 2023 indicates that the volume of horse meat slaughtering stood at 6.9 thousand heads. The variations over the last two years (2023-2024) show a significant reduction, continuing this downward trend into future years. The Compound Annual Growth Rate (CAGR) over the forecast period (2024-2028) indicates a consistent decline in the market.
Future trends to watch for include potential shifts in local consumption patterns, regulatory changes, and developments in alternative protein sources which might further impact the demand for horse meat in the country.
