Over the past decade, duck meat production in Thailand has shown a fluctuating yet generally declining trend. From 2013 to 2023, production decreased from 56.68 to 49.8 thousand metric tons. Notable declines occurred in recent years, with year-on-year variations showing fluctuating declines and minimal recoveries. For instance, from 2022 to 2023, production fell by approximately 2.74%. The CAGR over the past 5 years has been a negative 2.84%. Looking forward to 2028, the forecasted average annual decline is around -2.53%, resulting in a projected production of approximately 42.47 thousand metric tons, which represents a forecasted 12.01% overall decrease from 2023 levels.
Future trends to watch for include:
- Impact of global market conditions, including potential changes in trade policies and tariffs.
- Shifts in consumer preferences, both domestically and internationally.
- Advancements in agricultural technology and potential improvements in production efficiency.
- Environmental concerns and regulatory changes surrounding livestock farming.
