The poultry meat slaughtering industry in Indonesia has displayed a steady growth pattern over the past decade, with the volume reaching 5.8476 billion units (heads) in 2023. The year-on-year variation from 2022 to 2023 was a modest 4.12%, reflecting a consistent upward trend. Notable growth spurts were observed in 2017 and 2018, with year-on-year increases of 64.06% and 6.33%, respectively, indicating periods of rapid industry expansion.
When analyzing the Compound Annual Growth Rate (CAGR), the last recorded 5-year CAGR up to 2023 was an average of 3.83%, showcasing a steady growth momentum. The forecast anticipates this trend will continue, with a projected 5-year CAGR of 2.71%, resulting in a forecasted total growth rate of 14.33% by 2028.
Future trends to watch for:
- Influence of regional economic policies on the poultry industry’s growth dynamics.
- Technological advancements in poultry farming and processing.
- Market demand fluctuations due to changing consumer preferences towards poultry meat.
- Impact of global trade agreements and biosecurity measures on import/export activities.
- Environmental sustainability practices influencing future industry standards and regulations.
