The historical data shows that Chilean chicken meat production has exhibited a generally upward trend from 577.5 thousand metric tons in 2013 to 737.91 thousand metric tons in 2023. The year-on-year variation in 2022 was 1.96%, and it was 1.89% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years stands at 2.03%, indicating a steady growth rate despite some fluctuations. Moving forward, the forecasted data anticipates continued growth, reaching 809.33 thousand metric tons by 2028, with a forecast 5-year CAGR of 1.46% and a total 5-year growth rate of 7.49%.
Future trends to watch for include:
- Impact of changing consumer preferences towards sustainable and organic chicken meat.
- Potential influence of economic factors such as inflation and purchasing power on chicken consumption.
- Technological advancements in poultry farming and their role in increasing production efficiency.
- Regulatory changes and government policies affecting the poultry industry.
