Pigmeat production in Brazil has shown a consistent upward trend from 2013 to 2023, moving from 3.42 million metric tons to 4.49 million metric tons in 2023. The annual variations indicate stable growth with specific year-on-year increases, such as 5.99% in 2014 and 3.56% in 2020, while the average Compound Annual Growth Rate (CAGR) over the past five years stands at 2.46%.
Looking ahead, the projected pigmeat production levels continue to rise, reaching 4.95 million metric tons by 2028. The forecasted five-year period anticipates a CAGR of 1.56% with an overall growth rate of 8.06%.
Future trends to watch for include potential impacts from economic conditions, changes in domestic and international demand, advancements in farming technologies, and governmental policies affecting the pigmeat industry.
