Over the past decade, Indonesia's demand for mutton and goat meat has exhibited some fluctuations, with values peaking and dipping between 2014 and 2023. As of 2023, the demand stood at 121.0 thousand metric tons, which is consistent with the levels observed in 2015, 2021, and 2022. Notably, the market experienced significant variations, including a prominent decline in 2020 by 17% year-on-year, followed by a recovery in 2021 with an uptick of 20.48%. The CAGR over the past five years (2019-2023) has been relatively flat at 0.17%, indicating stable yet slightly fluctuating consumption patterns. Moving forward from 2023 to 2028, forecasts suggest a slight downward trend with a projected CAGR of -0.07%, equating to a -0.33% growth rate over this period.
Future trends to watch for include shifts in consumer preferences, potential impacts of economic conditions on purchasing power, and any changes in agricultural policies or international trade agreements that might affect meat imports and exports. Additionally, the rise in alternative protein sources could influence the traditional demand for mutton and goat meat.
