The duck meat slaughtering industry in Southern Africa has shown a general upward trend from 2013 to 2023. In 2023, the industry stood at 485 thousand units. Year-on-year variation reveals minimal fluctuation, with a positive growth pattern interrupted by a significant dip in 2020 due to external factors likely linked to economic or market disruptions.
Year-on-year analysis for the last two years highlights a modest increase of 0.63% in 2022 and 0.62% in 2023. The 5-year compound annual growth rate (CAGR) leading up to 2023 averages at an incremental 0.67% per year. Forecast data from 2024 to 2028 anticipates continued growth albeit at a slightly slower pace, with a projected 5-year CAGR of 0.55%.
Future trends to watch for:
• Potential market disruptions that could impact supply chains or production capabilities.
• Changes in consumer preferences or dietary trends affecting demand.
• Technological advancements in farming practices that may increase efficiency and production rates.
