Forecast: Poultry Meat Production at Farm Gate in South Africa

The poultry meat production at the farm gate in South Africa exhibited fluctuating trends over the past decade. Starting at 2.31 billion euros in 2013, the value decreased in 2014 but rebounded sharply in 2015. Subsequently, the production value saw a mixed trend with notable increases in 2017 and stability between 2018 and 2019. A slight dip occurred in 2020, post which the production value recovered consistently until it stood at 3.16 billion euros in 2023. The year-on-year variation for 2022 and 2023 was 7.19% and 5.59% respectively, with the last 5-year CAGR at 2.34% indicating moderate growth.

The forecast for 2024 projects a production value of 3.25 billion euros, with an anticipated steady increase through to 2028. The forecasted 5-year CAGR stands at 2.07%, suggesting a growth rate of 10.79% over this period.

Future trends to watch for include advancements in poultry farming technologies, shifts in consumer demand and preferences, and the potential impact of regulatory changes on production processes and costs. Environmental sustainability and animal welfare practices are likely to play increasingly significant roles in shaping the industry's landscape.