Forecast: Swine Meat Supply in Singapore

The swine meat supply in Singapore stood at 164.0 Thousand Metric Tons (CWE) in 2023, and is forecasted to increase gradually from 2024 onwards. The values are projected as follows: 166.0 in 2024, 168.0 in 2025, 170.0 in 2026, 172.0 in 2027, and 174.0 in 2028. The year-on-year variation percentage indicates steady growth, with a yearly increase of approximately 1.2%. Looking at the Compound Annual Growth Rate (CAGR) over a five-year period from 2024 to 2028, the average annual growth rate is around 1.19%.

Future trends to watch for:

  • Potential impacts of global supply chain disruptions on swine meat imports.
  • Rising consumer preference for alternative protein sources and its effect on demand for swine meat.
  • Policies focused on food security and self-sufficiency which may influence local production and market dynamics.
  • Technological advancements in meat production and preservation methods.

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