The demand for pork in China experienced a relatively stable and incrementally growing trend from 2014 to 2023, peaking at 57.12 million metric tons in 2023. The overall Compound Annual Growth Rate (CAGR) over the last five years up to 2023 was 0.42%. Year-on-year variations showed notable fluctuations, with significant dips in 2020 due to external impacts and a recovery in 2021. The last two years saw growth rates stabilizing around 0.5% annually.
Looking ahead, the forecast for the period from 2024 to 2028 suggests that demand will continue to grow steadily, with a projected CAGR of 0.39%. By 2028, pork demand is expected to reach 58.54 million metric tons, marking a total growth rate of approximately 1.96% over this period.
Future trends to watch for include potential impacts of dietary shifts towards alternative proteins, economic factors affecting the pork supply chain, and government policies on food security and agricultural sustainability. Monitoring these aspects will be crucial for predicting any significant changes in pork demand in China.
