From 2014 to 2023, mutton and goat meat production in Myanmar has shown a general upward trend, increasing from 74.0 to 123.0 thousand metric tons. The production experienced annual growth rates as high as 14.86% in 2015 and as low as negative growth rates in 2019 (-1.77%) and 2020 (-2.43%). Over the past 5 years, the compound annual growth rate (CAGR) has averaged at 1.71%, reflecting a steady increase. In 2023, production stood at 123.0 thousand metric tons, with a year-on-year growth rate of 2.5%.
Looking ahead, forecasts indicate a continuation of this upward trend, with projected growth reaching 137.7 thousand metric tons by 2028. The forecasted CAGR for the next 5 years is 1.79%, suggesting a stable growth trajectory with a total forecasted growth rate of 9.29% by 2028. Future trends to monitor include potential impacts of economic policies, climate change, and market demand shifts, which could influence production levels and growth rates.
