In 2023, the number of pigs slaughtered in Australia stood at 5.63 million units. The forecasted data from 2024 to 2028 shows a slight but steady increase in the number of pigs slaughtered. Specifically, the figures are as follows: 5.65 million units in 2024, 5.67 million units in 2025, 5.68 million units in 2026, 5.69 million units in 2027, and 5.70 million units in 2028.
The year-on-year percentage variations are modest, indicating minimal growth each year:- From 2024 to 2025: 0.35%- From 2025 to 2026: 0.18%- From 2026 to 2027: 0.18%- From 2027 to 2028: 0.18%
The Compound Annual Growth Rate (CAGR) over this 5-year period averages around 0.25% per year.
Future trends to watch for include potential changes in demand driven by consumer preferences for meat alternatives, economic conditions affecting livestock production costs, and any regulatory changes aimed at animal welfare or environmental sustainability. These factors could impact the forecasted growth, either accelerating or decelerating it.
