From 2014 to 2023, the pork market in Australia grew steadily from 576.0 to 664.0 thousand metric tons. The year-on-year growth rate has shown variation; the highest at 7.99% in 2015 and the lowest at -0.32% in 2016. Over the last two years, the market recorded a 0.76% increase in 2023. The Compound Annual Growth Rate (CAGR) for the past five years stands at 0.61%. The data indicates consistent yet modest growth, with fluctuations mitigated over the long term.

Future trends to watch for:

Continued stable growth of approximately 0.5% annual CAGR until 2028.
An expected increase in overall market size to 686.0 thousand metric tons by 2028, representing a 2.54% growth over five years.
Potential impact of economic factors, consumer preferences, and health trends on meat consumption patterns.