Forecast: Poultry Meat Slaughtering in Philippines

The poultry meat slaughtering industry in the Philippines has demonstrated steady growth over the years, achieving a volume of 1373.7 million units (heads) in 2023. Between 2013 and 2023, the data shows consistent increases with occasional fluctuations. Notably, there was an 8.46% jump in 2015 and an 8% rise in 2018, with a downturn of 3.15% in 2020 amidst the COVID-19 pandemic. The Compound Annual Growth Rate (CAGR) over the last five years stands at 3.1% as of 2023, indicating robust industry performance.

From 2024 onwards, the forecast predicts continued expansion, with the industry expected to reach 1557.1 million units by 2028. The five-year forecasted CAGR is 1.97%, reflecting moderate but stable growth. The overall growth rate over the same period is anticipated to be 10.26%.

Future trends to watch for include potential impacts of technological advancements in poultry farming, shifts in local and global demand, regulatory changes, and the effects of climate change on poultry production. Monitoring these factors will be crucial for understanding the trajectory of the industry.