Pork demand in Indonesia has experienced a significant downward trend from 2014 to 2023. In 2023, the demand stood at 285.0 thousand metric tons, representing a year-on-year decrease of 2.73% and an average annual decline (CAGR) of 2.77% over the past five years. The highest demand within the observed period was in 2014 with 454.0 thousand metric tons, after which a steep decline was seen, notably in 2015 with a 25.55% drop. Despite minor fluctuations, the overall trend has been negative, with a significant decline in 2020 by 19.59%, followed by a recovery in 2021 with a 17% increase.
Future trends to watch for:
- Potential market stabilization where the forecasted average annual decline (CAGR) over the next five years is expected to continue at 2.77%, leading to an overall reduction of 13.09% by 2028.
- Understanding of socio-economic factors affecting diet and consumption behavior, such as shifts to alternative protein sources or changes in consumer preferences.
- Impact of industry innovations and policy changes on pork production and import dynamics.
