The production of Mutton and Goat Meat in Vietnam from 2014 to 2023 has exhibited relative stability, hovering around 9.0 thousand metric tons, with minor deviations. In 2023, the production stood at 9.0 thousand metric tons, maintaining the same level as in the previous years since 2019, except for a dip to 8.55 in 2020.
Notable year-on-year variations include a decrease in 2015 by 10%, a drop of 5% in 2020, followed by a 5.26% increase in 2021. The Compound Annual Growth Rate (CAGR) over the last five years to 2023 is effectively flat at 0%. Looking forward, forecast data suggests a gradual decline, with an annual average reduction of 0.38%, leading to a projected 2028 value of 8.76 thousand metric tons.
Future trends to watch for include potential impacts of climatic conditions, market demand fluctuations, especially from regional competitors, farming practices, and governmental agricultural policies that could influence production levels sustainably. Additionally, technological advancements in farming and international trade dynamics could play significant roles.
