Pork demand in Australia has exhibited a gradual increase from 576.0 thousand metric tons in 2014 to 664.0 thousand metric tons in 2023. Significant year-on-year variations include a 7.99% rise in 2015 and a slight dip of -0.32% in 2016. Following a consistent upward trend, the last five years showed a CAGR of 0.61%.
For future trends to watch for:
- The forecasted demand for pork in Australia from 2024 to 2028 indicates a continued, albeit modest, growth with a five-year CAGR of 0.5%.
- By 2028, demand is anticipated to reach 686.0 thousand metric tons, reflecting a cumulative growth of approximately 2.54% over the forecast period.
Factors that could influence future trends include consumer health concerns, shifts in dietary preferences toward plant-based proteins, economic conditions, and potential policy changes impacting livestock production and trade.
