From 2014 to 2023, Argentina's pork demand exhibited periods of both significant growth and slight decline. The demand for pork increased consistently from 2014 to 2018, with annual increases ranging from 8.64% to 10.41%. In 2019, there was a slight decline of 0.31%, followed by a dramatic drop of 14.92% in 2020. The subsequent years saw recovery: a significant 23.24% rise in 2021, moderate increases of 2.09% in 2022, and 2.19% in 2023. As of 2023, the demand reached 699,000 metric tons. The compound annual growth rate (CAGR) for the last five years was 1.75%.
Looking ahead, the forecasted data suggest a steady increase in pork demand through 2028, with an expected CAGR of 1.61% and an overall growth rate of 8.3% over the next five years. This indicates a stable upward trend for pork consumption in Argentina.
Future trends to watch for:
- Economic fluctuations and their impact on consumer purchasing power and dietary habits.
- Government policies and regulations related to meat product imports and exports.
- Shifts in consumer preferences towards alternative protein sources or health-conscious diets.
- Technological advancements in pork production and processing that could affect supply and pricing.
