Chicken meat slaughtering in Chile reached 324.92 million units (heads) in 2023. From 2013 to 2023, the trend shows fluctuating year-on-year variations with an overall upward trajectory. In recent years, the market experienced a slight deceleration, with 2023's year-on-year growth at 1.7%, reflecting a stable yet modest increase.
Notable historical trends include:
- Significant growth in 2015 (4.69%) and 2018 (4.57%)
- A dip in 2020 with a -3.3% decline due to external factors likely affecting production
- Recovery post-2020 with a peak year-on-year growth of 7.2% in 2021
The average annual growth rate (CAGR) over the last five years settled at 1.71%, displaying a steady but moderate growth. The forecast till 2028 suggests a slower pace with a projected CAGR of 1.32%, translating to an overall growth rate of 6.77% by 2028.
Future trends to watch for:
Focus on sustainability practices, technological advancements in poultry farming, and potential market shifts due to economic and environmental factors. Monitoring global trade policies and consumer preferences towards meat consumption will also be crucial for anticipating future movements in the market.
