Forecast: Chicken Meat Production in Spain

Based on the provided data, chicken meat production in Spain was at 1.4831 million metric tons in 2023. Production has shown considerable fluctuations over the years, with notable increases in 2014, 2016, and 2021. The peak growth occurred in 2016 with a year-on-year (YoY) increase of 10.27%. A significant decline was recorded in 2020 with a YoY decrease of 4.54%. The last 5-year compound annual growth rate (CAGR) was 1.96% from 2018 to 2023.

Future trends to watch for involve continued moderate growth, with forecasts indicating a CAGR of 1.12% from 2024 to 2028, leading to an overall growth rate of 5.73% over this period. Market dynamics, consumer preferences, and potential impacts from trade regulations or health advisories will be critical in shaping the production trajectory.