In 2023, the pork excess feed cost in China was below the forecasted $4.44 billion expected for 2024. Analyzing the forecasted annual data, there's a consistent upward trend: 2025 ($4.57B), 2026 ($4.7B), 2027 ($4.82B), and 2028 ($4.95B). This reflects a steady year-on-year increase averaging approximately 2.25% annually over the five-year period. These figures suggest a continuously rising cost environment influenced by various factors, likely including feed price changes and swine herd restructuring.
Future trends to watch for include:
- Fluctuations in global feed ingredient prices.
- Pork industry regulation changes in China.
- Technological advancements in feed efficiency that could alter cost dynamics.