In 2023, Vietnam's swine meat domestic consumption stood at 3.61 million metric tons (carcass weight equivalent). The forecast data from 2024 to 2028 indicate a steady increase: 3.69 million metric tons in 2024, 3.77 in 2025, 3.85 in 2026, 3.93 in 2027, and 4.01 in 2028.
Year-on-year percentage variations are as follows:
- From 2024 to 2025: approximately 2.17% increase.
- From 2025 to 2026: approximately 2.12% increase.
- From 2026 to 2027: approximately 2.08% increase.
- From 2027 to 2028: approximately 2.04% increase.
CAGR from 2023 to 2028 is approximately 2.10%.
Future trends to watch for include potential impacts of economic growth, changes in dietary preferences, and the effects of government policies aimed at increasing domestic meat production. Additionally, external factors such as import-export regulations and global market dynamics could also influence consumption patterns.
