In 2023, Argentina's pork production stood at 731.62 thousand metric tons. This reflects a 4.09% year-on-year increase from 2022. Over the past five years, the compound annual growth rate (CAGR) was 3.33%, signaling a steady but moderate increase. Post-2018, there has been a noticeable deceleration in growth with the subsequent years showing more modest increases compared to the robust double-digit growth seen in earlier years. This trend is projected to persist with a forecasted CAGR of 2.81% from 2024 to 2028, culminating in a total growth of 14.85% over this forecast period.
Future trends to watch for:
- Sustainability and environmental impact measures could influence production practices.
- Technological advancements in farming could enhance productivity and efficiency.
- Global demand fluctuations for pork and potential trade policy changes.
- Shifts in domestic consumption patterns influenced by health trends and economic conditions.
