Analyzing the duck meat slaughtering industry in Malaysia, we observe a fluctuating trend from 2013 to 2023. After peaking in 2013, there was a sharp decline until 2017, followed by a significant recovery from 2018 onwards. By 2023, the volume stood at 39.46 million heads, indicating a relative stabilization. The year-on-year variation for the last two years shows modest increases of 0.84% in 2022 and 0.82% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years (2018-2023) was 1.78%.
Looking ahead, the forecast indicates a slow but steady growth in duck meat slaughtering volumes, with a projected 3.32% growth rate over the next five years and an annual CAGR of 0.66% through 2028.
Future trends to watch for:
- Consumer preferences and dietary trends impacting meat consumption.
- Potential impacts of disease outbreaks on poultry farming.
- Government policies and trade regulations influencing domestic production.
