The pork production value at the farm gate in Brazil in 2023 stood at 6.03 billion Euros, showing a year-on-year growth of 2.11%. The compound annual growth rate (CAGR) over the last five years was 7.22%, indicating a consistent upward trend despite some fluctuations in certain years. For instance, 2015 and 2018 experienced notable declines of 19.18% and 23.41%, respectively, while 2017 and 2019 saw significant recoveries.
Looking ahead, the forecasted data from 2024 to 2028 suggests a sustained growth pattern. By 2028, pork production is projected to reach 6.63 billion Euros, with an average annual growth rate of 1.5%. This forecasted period is expected to maintain a steady upward trajectory, reflecting a stable demand and production capacity in the pork sector.
Future trends to watch for include:
- Impact of global trade agreements and tariff changes on pork exports.
- Pace of technological advancements in agriculture and their adoption in pig farming.
- Effects of environmental policies on livestock farming practices.
- Shifts in consumer dietary preferences, particularly toward plant-based alternatives.
