In 2023, Australia's swine meat supply stood at 681.0 thousand metric tons (CWE). Based on the forecasted data, the supply is set to increase steadily from 690.0 thousand metric tons in 2024 to 727.0 thousand metric tons in 2028. This represents a year-on-year increase of approximately 1.3% from 2024 to 2025, 1.4% from 2025 to 2026, 1.3% from 2026 to 2027, and 1.3% from 2027 to 2028. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is about 1.3%, indicating a modest but steady growth trend.
Future trends to watch for include potential impacts from global trade agreements, shifts in consumer preferences, and advancements in agricultural technology. Monitoring these factors can provide insights into whether the current growth trajectory will sustain, accelerate, or decelerate.
