Forecast: Poultry Meat Production in Vietnam

Between 2013 to 2023, Vietnam's poultry meat production exhibited significant growth, starting from 678.23 thousand metric tons in 2013 and reaching 1207.8 thousand metric tons in 2023. This represents an average compound annual growth rate (CAGR) of around 5.36% over the period. The year-on-year variations have generally been positive, although there were fluctuations such as the decline in 2020 by -5% due to potential market disruptions. The robust recovery since then is illustrated by the 9.17% increase in 2021 and 3.32% in 2023.

Looking forward from 2024 to 2028, the forecasted CAGR is estimated at 2.44%, indicating a more moderated growth rate compared to the previous decade. Overall growth during this forecast period is projected to be 12.79%, suggesting a steady yet slower expansion in poultry meat production.

Future trends to watch for include potential impacts from emerging market demands, technological advancements in poultry farming, and any regulatory changes affecting the meat production industry. Additionally, monitoring global economic conditions and local market dynamics would be essential for accurate forecasting and strategic planning.