The poultry meat slaughtering sector in Guatemala showed a steady increase from 121.21 million units in 2013 to 165.26 million units in 2023. There was a notable dip in growth rates during 2018 (-0.55%) and 2020 (-2.94%) due to external factors possibly linked to broader economic conditions. However, the market rebounded, achieving a year-on-year growth of 7.61% in 2021 and maintaining a consistent CAGR of 2.49% up to 2023.
Future forecasted growth indicates a slower yet steady increase, with the five-year CAGR expected to average 1.57%, culminating in 182.61 million units by 2028.
Future trends to watch for include:
- Potential impacts of global economic fluctuations on local consumption and production.
- Technological advancements in poultry farming efficiency.
- Changing dietary preferences affecting demand dynamics.
- Local policy changes in agricultural and food safety regulations.