Beef meat production in Indonesia has shown a gradual increase from 2014 to 2023, standing at 575.0 thousand metric tons in 2023. Observing the last two years, the year-on-year variation was modest, with a 0.52% increase recorded in 2023. In the previous five years, the Compound Annual Growth Rate (CAGR) was 0.42%, indicating stable growth over the medium term.
Several notable variations occurred over the last decade, such as a significant 2.55% increase in 2017 followed by a slight dip of -0.18% in 2018. A sharp decline was seen in 2020 with a -4.5% drop, succeeded by a swift recovery of 5.63% growth in 2021. Despite these fluctuations, the overall trend from 2014 to 2023 depicts a stable upward trajectory.
Looking ahead to 2028, the forecasted five-year CAGR is 0.33%, culminating in a 1.66% total growth over this period. This suggests a continued slow but steady increase in beef meat production in Indonesia.
Future trends to watch for include potential impacts of climate change on agriculture, shifts in domestic demand due to changing consumer preferences, and the effects of governmental policies on livestock production. Additionally, global trade dynamics and health concerns related to meat consumption could play a crucial role in shaping the future of beef meat production in Indonesia.
