The duck meat production in Southern Asia has shown a steady increase over the past decade. As of 2023, the production stood at 114.86 thousand metric tons. The year 2020 saw a dip of 4.7% due to pandemic-related disruptions but recovered sharply by 7.15% in 2021. The average yearly growth over the last five years yields a CAGR of 2.26%. Forecasts indicate continued growth, albeit at a slower pace, with a five-year CAGR projected at 1.29% from 2024 to 2028.
Key trends observed:
- Substantial growth from 2013 to 2019 averaging higher year-on-year percentages in the range of 3.68% to 6.6%.
- Impactful downturn in 2020 due to external disruptions.
- Strong recovery and stabilization post-2020 with modest growth rates.
- Future projected growth indicates a slower, yet steady upward trend averaging 1.29% CAGR from 2024 to 2028.
Future trends to watch for:
- Potential impact of climate change and extreme weather events on production.
- Technological advancements in agriculture and farming enhancing production efficiency.
- Government policies and support affecting agricultural practices and export opportunities.
- Dietary trends and shifts in consumer preference towards or away from duck meat.
- Fluctuating feed costs and their impact on production economics.
