The Global Pork Transfers to Producers from Consumers displayed disparities in 2023. China's transfer value to its producers was significantly higher at 28.58 billion Euros, showing an 11.43% increase from the previous year, indicating strong consumer demand or increased producer subsidies. Moderate growth was noted in Japan and the Philippines, with 3.48% and 3.68% increments, respectively. Meanwhile, transfers declined in South Korea by 3.04%, Norway by 6.24%, and Argentina by 0.88%, suggesting possible reduced consumer purchases or subsidy changes. Colombia and Costa Rica stayed relatively stable, with slight to no variations.
Future trends to closely monitor include China's ongoing dominance and its potential impact on global markets. Attention should also be given to countries like Indonesia, which saw over 16% growth, as they might become more significant players. Regional policy changes and consumer behavior are crucial factors likely influencing future transfer values across nations.
Top countries in Pork Transfers to Producers from Consumers by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 28,580 | 2023 | +2.84% | +11.43% | View data |
| 2 | 2 Japan | 2,540 | 2023 | +1.04% | +3.48% | View data |
| 3 | 3 South Korea | 2,150 | 2023 | +2.26% | -3.04% | View data |
| 4 | 4 Philippines | 1,480 | 2023 | +1.84% | +3.68% | View data |
| 5 | 5 Indonesia | 269.62 | 2023 | +8.5% | +16.02% | View data |
| 6 | 6 Colombia | 209.56 | 2023 | +6.32% | View data | |
| 7 | 7 Norway | 119.26 | 2023 | +2.2% | -6.24% | View data |
| 8 | 8 Costa Rica | 47.77 | 2023 | +5.15% | +3.82% | View data |
| 9 | 9 Argentina | 43.79 | 2023 | +0.99% | -0.88% | View data |
