The analysis of pork production in Sweden indicates a relatively stable trajectory over the past decade, exhibiting some fluctuations from 2014 to 2023. In 2023, pork production stood at 251.0 thousand metric tons, marking a minor year-on-year increase of 0.4%. Historically, the market saw notable deviations, such as the surge in 2017 and 2018 with year-on-year increases of 2.99% and 3.32%, respectively, followed by a significant drop in 2020 at -4.62%. The Compound Annual Growth Rate (CAGR) for the past five years was 0.16%, emphasizing a gradual upward trend. Future forecasts from 2024 to 2028 predict a steady, albeit slow, growth with a CAGR of 0.32% and a forecasted growth rate of 1.59% over five years.
Future trends to watch for:
- Potential impacts of disease outbreaks on production levels.
- Shifts in consumer demand towards alternative proteins.
- Trade policies and import-export regulations affecting supply chains.
- Technological advancements in agriculture and farming practices.
