China's pork production has seen significant fluctuations over the past decade. From 2013 to 2018, production values hovered around 5.4 to 5.82 ten million metric tons, before experiencing a sharp decline to 4.11 in 2020 due to African swine fever. The production rebounded to 5.3 in 2021, and currently stands at 5.39 in 2023. The year-on-year variation in 2023 was 1.4%, with a 5-year CAGR of -0.054%. Forecasts predict a steady increase, with production reaching 5.75 ten million metric tons by 2028, indicating a forecasted 5-year CAGR of 1.03%.
Future trends to watch for:
- Monitoring the impact of potential swine-related diseases.
- Government policies on agricultural practices and import regulations.
- Changing consumer preferences for alternative proteins and their effect on pork demand.
