The US swine meat export is forecasted to grow steadily from 2024 to 2028, increasing annually by approximately 2.24% on average, which translates into a cumulative average growth rate (CAGR) over this five-year period. In 2023, swine meat exports stood at 3.06 million metric tons. Year-on-year growth is modest but consistent, indicating stable demand. Key factors influencing this trend include increased global demand for protein, and evolving trade agreements.
Future trends to watch for:
- Global economic conditions and their impact on meat consumption patterns
- Trade agreements and policies in major importing countries like China and Mexico
- Potential for technological advancements in logistics and production
- Impact of environmental and sustainability practices on production and export capability