The production of pork in Malaysia has exhibited fluctuating trends over the past decade. Starting from a peak of 223.9 thousand metric tons in 2018, production saw a significant drop to 195.2 in 2016 and then fluctuated around the 220 mark. 2021 marked a notable low at 197.4 before gradually rising again to 211.0 by 2023. This year, pork production stands at 211.0 thousand metric tons, showcasing a minor year-on-year decline of 0.33% relative to 2022's production of 211.7. The overall CAGR from 2018 to 2023 is –1.18%, indicating a slight annual decrease on average.
Looking ahead, the forecasted data from 2024 to 2028 suggests a gradual decline in pork production with a forecasted CAGR of -0.25%, forecasting a production volume of 207.7 thousand metric tons by 2028. This implies an overall shrinkage rate of -1.24% over the forecasted five-year period.
Future trends to watch for include potential impacts of disease outbreaks, changes in feed prices, government policies on agriculture, and market shifts in consumer demand for pork or alternative proteins. Monitoring these factors can provide foresight into production adjustments and economic implications for the pork industry in Malaysia.
