Australia's pork production at the farm gate stood at 947.47 million Euros in 2023. Observing the year-on-year variations, there was a steady increase from 2013 to 2015, followed by a decline in 2016 and 2017. However, production rebounded with significant growth in 2019. The CAGR over the past five years (2019-2023) indicates a positive trend at 4.15%. The forecast indicates continued growth, with production expected to reach 1020 million Euros in 2028, reflecting a forecasted CAGR of 1.23%.
Future trends to watch for include technological advancements in farming practices, shifts in consumer demand towards sustainable and ethical products, and potential impacts of global trade policies on exports and imports. Monitoring these factors will be crucial for accurately predicting future production trends and adapting strategic decisions accordingly.
