The demand for pork in Mexico has shown variability over the past decade with notable increases and temporary declines. In 2023, the pork demand stood at 2.42 million metric tons, reflecting a modest year-on-year variation of 1.38%. Between 2014 to 2023, the Compound Annual Growth Rate (CAGR) is 1.08%, indicating moderate but consistent growth on average over five years.
Key annual variations include significant increases such as in 2015 with an 8.3% rise, contrasted by sharp declines like the 15.73% drop in 2020. Post-2020, demand rebounded strongly with a 22.25% increase in 2021 and significant moderation in growth rates thereafter. The forecasted average annual growth from 2024 to 2028 is estimated at 1.07%, indicating continued but steady expansion, cumulating in an overall 5.49% growth over these five years.
Future trends to watch include potential disruptions in global supply chains, shifts in consumer dietary preferences towards alternative proteins, and economic factors impacting disposable income and spending on pork products.
