Poultry meat production in Thailand has shown a fluctuating trend over the past decade. Reaching 1.8893 million metric tons in 2023, the year-on-year variations have varied significantly, with notable growth spurts in 2014 (8.72%) and 2021 (6.97%). Conversely, there were periods of decline, such as in 2015 (-6.44%) and 2020 (-3.47%). From 2018-2023, there has been an overall positive trend with a slight average annual growth (CAGR) of 1.68%.
Looking at the forecasts, production is expected to continue increasing, reaching 2.0364 million metric tons by 2028. Despite a modest forecasted CAGR of 1.18%, this translates to a growth rate of 6.05% over the next five years.
Future trends to watch for:
- Impact of technological advancements and innovations in poultry farming on production efficiency.
- Changes in export demand and trade policies affecting production volumes.
- Potential disruptions due to disease outbreaks and climate change.