China's pigmeat production is forecasted to decrease from 43.92 million metric tons in 2024 to 42.34 million metric tons by 2028. In 2023, production stood at 44.32 million metric tons, indicating a declining trend. Year-on-year, production is expected to decrease gradually by around 0.9% to 1% over the forecast period. The compound annual growth rate (CAGR) suggests an average annual decline of about 1.0% over the next five years.
Future trends to watch for:
- Potential shifts towards alternative proteins impacting demand.
- Developments in disease control and biosecurity measures affecting supply stability.
- Technological advancements in farming practices for efficiency gains.
- Climate change effects on feed availability and production costs.