The forecast for swine meat production in the Philippines indicates a declining trend. From 2024 to 2028, production is expected to drop from 899,000 metric tons to 701,000 metric tons, showing marked decreases each year. The year-on-year variation reflects an average reduction rate of approximately 5.8% annually. Based on data from 2023, which stood at a higher production level, this sustained decline over five years results in a compound annual growth rate (CAGR) of -6.1%.
Future trends to watch for include:
• Potential impacts of disease outbreaks like African Swine Fever (ASF).
• Changes in domestic demand and consumer preferences.
• Government policies and support measures aimed at stabilizing and revitalizing the swine industry.
• Advances in swine farming technology and practices.
• International trade policies and imports affecting local production.
