Forecast: Poultry Meat Production in Australia

The historical data for poultry meat production in Australia from 2013 to 2023 reveals a consistent upward trajectory, with production standing at 1.33 million metric tons in 2023. The year-on-year variations generally show positive trends, with significant growth in some years, notably 2016 and 2017, followed by more moderate increases. The last two years indicate slight increases of around 1.75%. The 5-year average variation or CAGR stands at 1.46%, reflecting steady growth.

Future forecasts suggest continued growth in poultry meat production, with a projected rate of 1.29% annually over the next five years, leading to a total increase of 6.64% by 2028. Key trends to watch include advancements in poultry farming technology, shifts in consumer preferences toward healthier protein sources, and economic factors that may influence production costs and market demand.