The pigs production market in France, measured in Billion Euros, showcases noticeable fluctuations from 2013 to 2023. In 2023, with the production value standing at 3.48 Billion Euros, there was a year-on-year variation of -9.85%, indicating a significant decline from 2022's peak. Over the last two years, the variations showed a positive growth of 20.96% in 2022 and a notable fall in 2023. Despite some annual volatility, the overall last 5-year Compound Annual Growth Rate (CAGR) was 3.5%, reflecting steady market expansion.
Looking ahead, the forecast from 2024 to 2028 predicts continued growth, with an average annual increase (CAGR) of 0.96% and an overall growth rate of 4.9% by 2028. This suggests a stabilizing trend with moderate yearly increments after the recent period of fluctuation.
- Watch for potential impacts of policy changes and subsidies on production levels.
- Monitor global market conditions and trade restrictions affecting export and import dynamics.
- Consider technological advancements and shifts toward sustainable farming practices.
- Stay aware of evolving consumer preferences and demand for organic and high-welfare pork products.
