The pork demand in Thailand has shown a generally increasing trend over the past decade, with fluctuations in certain years. By 2023, the demand reached 994.0 thousand metric tons, reflecting a 0.4% year-on-year growth. Over the last five years, the Compound Annual Growth Rate (CAGR) has been around 0.39%. The dip in demand in 2020 by 4.61%, possibly due to the COVID-19 pandemic, was followed by a recovery and growth in subsequent years. The forecast for the next five years anticipates a CAGR of 0.31%, with demand reaching 1,010 thousand metric tons by 2028.
Future Trends to Watch For:
- Potential impact of economic conditions on consumer purchasing power and pork consumption.
- Influence of health trends and alternative protein sources on pork demand.
- Effects of supply chain developments and government policies on the pork industry in Thailand.
