The forecast for the number of goats slaughtered in the Philippines shows a steady increase from 2024 to 2028. Values are expected to grow from 3.3219 million heads in 2024 to 3.3604 million heads in 2028. In comparison, 2023 recorded 3.3134 million heads. The year-on-year growth rate averages between 0.29% to 0.32%, reflecting a stable upward trend. Over the last two years, the increase has been consistent, highlighting a positive trajectory. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 averages around 0.30%, indicating modest but continuous growth.
Future trends to watch include changes in consumer demand for goat meat, evolving agricultural practices, and potential impacts from climate change on livestock farming. Monitoring these factors will be essential to understanding shifts in the market and preparing for future fluctuations in goat slaughter rates.
