In 2023, Australia's chicken meat production stood at 1.40 million metric tons. Forecasted data indicates consistent growth, with production expected to reach 1.43 million metric tons in 2024, a 2.1% year-on-year increase. The upward trend continues with 1.46 million metric tons in 2025, reflecting a 2.1% increase, and 1.48 million metric tons in 2026, a 1.4% increase. By 2027, production is forecasted at 1.51 million metric tons, showing a 2% increase, and reaching 1.53 million metric tons in 2028, a growth of 1.3%. Over the five-year period from 2023 to 2028, the compound annual growth rate (CAGR) is approximately 1.8%.
Looking ahead, several future trends merit attention:
- Advancements in poultry farming technology which could enhance productivity.
- International trade policies impacting export opportunities.
- Changes in consumer preferences towards sustainable and organic chicken meat.
- Potential impacts of feed prices and availability on production costs.
