From 2013 to 2023, goat meat production in Israel saw fluctuations of varying magnitudes. The highest production was recorded in 2014 with an 8.51% increase year-on-year, while the most significant decline was in 2018 at -18.65%. Over the past two years, there has been a slight reduction in production, with decreases of 0.95% and 0.96% respectively. Despite these fluctuations, the compound annual growth rate (CAGR) from 2019 to 2023 stood at 0.36%, indicating a fairly stable production trend.
Looking ahead to 2028, forecasts indicate a gradual decline in production with a forecasted 5-year CAGR of -0.81%. This suggests that goat meat production will decrease at an average annual rate, underscoring a continued downward trend.
Future trends to watch for include:
- Possible impacts of climate change on goat farming practices and yield.
- Shifts in consumer preferences towards alternative protein sources.
- Government policies affecting agricultural practices and support for livestock farming.