The production of mutton and goat meat in Indonesia showed significant fluctuations between 2014 and 2023. In 2014, the production remained stable at 109.0 thousand metric tons and did not change until 2015. By 2017, there was a notable increase to 125.0 thousand metric tons, representing a peak. However, production witnessed a decline in 2018 and 2020, illustrating the industry’s volatility. The year 2023 saw production stabilize at 121.0 thousand metric tons.
Over the past two years, the year-on-year growth rate has been minimal, standing at 0% for 2023. The compound annual growth rate (CAGR) over the last five years is 0.85%, indicating modest growth in production despite yearly variations.
Forecasts for 2024 to 2028 suggest a steady, albeit slow, growth in production, with the CAGR predicted at 0.43% and a total growth rate of 2.18% over the next five years.
Future Trends to Watch:
- Technological advancements in farming and meat processing.
- Policy changes and government incentives aimed at boosting the livestock sector.
- Market demand fluctuations driven by consumer preferences and economic conditions.
