In 2023, China had an actual year-end hog population of approximately 44.16 million units. From 2024 onwards, forecasts predict a steady increase, reaching 45.93 million units by 2028. The year-over-year growth rate from 2024 to 2028 ranges from approximately 0.8% to 0.9%. The compound annual growth rate (CAGR) over the 5-year forecast period is anticipated at around 0.9%, indicating a modest upward trend in the hog population.
Future trends to watch for include fluctuations in feed costs, governmental regulations on agricultural practices, and potential impacts from diseases like African swine fever, which could influence production and directly affect the projected growth trajectory.
