Home-fed pigmeat production in the UK has shown a general upward trend from 2013 to 2023, increasing from 787.07 thousand metric tons to 952.37 thousand metric tons in 2023. Year-on-year variation has fluctuated, with notable dips in 2017 (-2.19%) and 2020 (-4.78%), followed by recovery. Over the last two years, the production increased by 0.99% annually. From 2018 to 2023, the average annual growth rate (CAGR) was 1.35%.
Forecasts from 2024 to 2028 predict a steady growth, with a 5-year CAGR of 0.79% and an overall growth rate of 3.99% by 2028. This suggests a moderate but steady increase in production levels, reaching 1000 thousand metric tons by 2028.
Future trends to watch for:
- Technological advancements in farming and animal husbandry
- Changes in consumer preferences towards meat consumption
- Regulatory impacts on farming practices and sustainability
- Global market dynamics affecting import-export balance
