Key Market Indicators
Australian pig production is predicted to remain relatively low, decreasing by just 0.1% year on year from 593,490 heads in 2021 to 591,390 heads in 2026. This follows a 0.7% average year on year increase since 1966. Meanwhile, consumption of pork is expected to increase at a steady rate of 0.6% year on year from 2021's 655 thousand metric tons to 679 thousand metric tons in 2026. This follows a 0.6% average year on year rise since 2017. In 2021, Australia was the 22nd highest-consuming nation, overtaken by Myanmar with 655 thousand metric tons. The United States, Russia and Vietnam ranked 2nd, 3rd and 4th respectively.
