In 2023, the pork payments based on output in Brazil stood below the forecasted value for 2024, indicating an upward trend starting from 36.0 thousand Euros in 2024. The forecasts show a consistent annual increase, reaching 41.0 thousand Euros by 2028. Over the next five years, pork payments are set to grow at a compound annual growth rate (CAGR) of approximately 3.9%, suggesting robust sectoral growth in Brazil's pork industry.
Future trends to watch for include:
- Rising demand for pork products domestically and internationally, driven by changing dietary patterns.
- Potential government support and policy changes impacting pork production and exports.
- Technological advancements in farming and supply chain efficiencies that could influence production costs and payment structures.