In 2023, South Korea led Global Pork Budgetary Transfers with 565.03 million euros, showing a strong yearly growth of 19.14%. Indonesia followed with 125.51 million euros and an annual increase of 17.58%. Costa Rica and Iceland maintained similar levels, 0.72 and 0.66 million euros respectively, with Costa Rica stagnant and Iceland declining by 8.38%. Notably, Norway's transfers were negative at -17.45 million euros, remaining unchanged over the last year. The Compound Annual Growth Rates over the last five years suggest moderate growth for South Korea and Indonesia, stability for Costa Rica, and fluctuating trends for Iceland and Norway.
Future trends to watch include:
- Continued growth in South Korea and Indonesia driven by demand dynamics and policy support.
- Potential policy shifts or market developments influencing Norway's negative transfers.
- Global economic conditions and their impact on budget allocations across nations.
Top countries in Pork Budgetary Transfers by Country
| # | 5 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 565.03 | 2023 | +2.93% | +19.14% | View data |
| 2 | 2 Indonesia | 125.51 | 2023 | +8.49% | +17.58% | View data |
| 3 | 3 Costa Rica | 0.72 | 2023 | +2.2% | View data | |
| 4 | 4 Iceland | 0.66 | 2023 | +6.45% | -8.38% | View data |
| 5 | 5 Norway | -17.45 | 2023 | +3.06% | View data |
