Between 2014 and 2023, the volume of the pork market in Indonesia has observed a significant decline from 454.0 to 285.0 thousand metric tons. The most notable decrease occurred in 2015, where the market shrunk by 25.55% year-on-year. The following years show smaller fluctuations with occasional positive growth such as in 2016 (+2.96%) and 2021 (+17%), but the trend remains predominantly downward. Specifically, the year-on-year variation for 2022 and 2023 shows a decline of 2.98% and 2.73% respectively. The Compound Annual Growth Rate (CAGR) for the last five years stands at -2.77%, highlighting a persistent decline in the market.
Looking forward, forecasted data indicates the market will continue its downward trend, decreasing to 239.16 thousand metric tons by 2028, with an expected CAGR of -2.77% and a forecasted five-year growth rate of -13.09%. Future trends to watch for include potential shifts in consumer preferences, changes in import/export regulations, and any sociopolitical developments that could impact market dynamics.
