In 2023, China's pork consumption at the farm gate was notably significant, yet experienced a substantial decline of 13.14% year-on-year. Russia, Brazil, Mexico, and Colombia showed positive growth, with Colombia leading at a 5.71% increase. Vietnam and South Korea experienced declines, with Vietnam down by 7.84%. From a long-term perspective, countries like Mexico and Colombia have been showing consistent upward trends, suggesting a robust growth narrative.
Looking forward to 2024 and beyond, several trends are worth noting for global pork consumption at farm gate share:
- The significant decrease in China underscores a potential shift towards alternative protein sources or dietary changes.
- Russia's and Brazil's moderate growth may reflect increasing domestic consumption capacity.
- Markets like Mexico and Colombia might continue to show strong growth potentials due to rising protein demand.
Top countries in Pork Consumption at Farm Gate Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 59.02 | 2023 | -15.58% | -13.14% | View data |
| 2 | 2 Russia | 9.14 | 2023 | +1.28% | +2.5% | View data |
| 3 | 3 Brazil | 7.79 | 2023 | +2.17% | +1.47% | View data |
| 4 | 4 Mexico | 5.38 | 2023 | +2.86% | +3.55% | View data |
| 5 | 5 Philippines | 4.2 | 2023 | +0.38% | +0.0021% | View data |
| 6 | 6 Vietnam | 4.13 | 2023 | -6.26% | -7.84% | View data |
| 7 | 7 South Korea | 2.96 | 2023 | +0.61% | -0.5% | View data |
| 8 | 8 Canada | 2.24 | 2023 | +2.59% | +0.19% | View data |
| 9 | 9 Australia | 1.75 | 2023 | +1.94% | +1.55% | View data |
| 10 | 10 Ukraine | 1.48 | 2023 | -0.019% | -0.28% | View data |
