In 2024, Singapore's swine meat import is forecasted at 137.0 thousand metric tons (carcass weight equivalent), reflecting a continuation of the demand pattern from previous years. This value has consistently increased over the forecast period, reaching 147.0 thousand metric tons by 2028. Comparing year-on-year variations, the percentage increase is approximately 2-3% annually, indicative of a steady growth trend. Specifically, the CAGR over the five years from 2024 to 2028 averages around 2.73% per year, suggesting a moderate but consistent demand increase for swine meat imports.
In 2023, the swine meat import value stood at 134.0 thousand metric tons, which places the 2024 forecast 2.24% higher. Expect robust growth trends to continue, driven by rising consumer preferences and potential shifts in regional trade dynamics. Future trends to monitor include potential impacts of global trade policies on meat imports, consumer demand shifts towards alternative proteins, and regional supply chain developments that may influence import volumes.
