The pork production in the Philippines in 2023 stood at 1.93 million metric tons. Based on forecasted data, production is expected to gradually increase over the next five years, reaching 2.0 million metric tons by 2028. This represents a year-on-year variation of approximately:
- 2024: 1.04%
- 2025: 0.51%
- 2026: 1.02%
- 2027: 0.51%
- 2028: 0.50%
The compound annual growth rate (CAGR) from 2024 to 2028 is anticipated to be around 0.73%.
Looking ahead, key trends to monitor include potential impacts of global economic fluctuations, feed costs, disease outbreaks, and government policies affecting agricultural productivity and meat imports. Additionally, shifts in consumer preferences towards alternative protein sources may also influence future pork production levels.
