In 2023, China dominated global pork demand, accounting for 47.74% (thousand metric tons), significantly surpassing other nations like the United States (8.56%) and Russia (3.29%). Strong growth was seen in Brazil and Mexico, increasing by 1.07% and 1.08% respectively. Notable declines occurred in Germany (-0.88%) and Ukraine (-0.44%). The average compound annual growth rate (CAGR) over the past five years suggests a steady increase in countries like Colombia (1.93%) and Slovakia (1.69%). Conversely, countries like India and Indonesia experienced a shrink in demand, falling by 2.34% and 2.77% respectively.
Future trends to monitor include China's sustained influence in global pork demand, ongoing growth in Latin American countries, and potential recovery or decline in traditionally smaller markets. Economic, political, and environmental factors may significantly affect the demand dynamics, emphasizing the need for continuous monitoring and analysis.
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 47.74 | 2023 | 0% | +0.57% | View data |
| 2 | 2 United States | 8.56 | 2023 | +0.8% | +0.75% | View data |
| 3 | 3 Russia | 3.29 | 2023 | +0.64% | +0.73% | View data |
| 4 | 4 Vietnam | 3.09 | 2023 | +0.73% | +0.57% | View data |
| 5 | 5 Germany | 2.87 | 2023 | -1.07% | -0.88% | View data |
| 6 | 6 Brazil | 2.5 | 2023 | +1.05% | +1.07% | View data |
| 7 | 7 Japan | 2.37 | 2023 | +0.42% | +0.39% | View data |
| 8 | 8 Italy | 2.28 | 2023 | +1.19% | +0.64% | View data |
| 9 | 9 Spain | 2.08 | 2023 | +0.2% | +0.34% | View data |
| 10 | 10 Mexico | 2.02 | 2023 | +1.38% | +1.08% | View data |
