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.