In February 2023, we introduced the Pig333 annual worth survey which requested our customers the next query: What do you assume the pig worth can be for your nation in 2023? We gained 734 solutions from other nations. Now that we all know what the true moderate worth was once in 2023, we will be able to examine customers’ forecasts with what truly came about.
Graph 1 compares the forecasts with the true moderate of the quotations for the yr 2023 for every of the markets analyzed and determine 1 presentations the similar knowledge along with the evolution of the common pig worth over the past years
We commence by means of congratulating the Pig333 customers who participated within the session for his or her predictive talents, as their stage of accuracy was once outstanding. The markets with the most productive predictions had been Germany, with a distinction of simply 0.01€, Vietnam with a distinction of 1141 VND and Spain with a distinction of 0.07€ in comparison to the true moderate worth in 2023.
Whilst consumer forecasts for Ecu markets had been very constructive, they got here very on the subject of fact. As obviously proven in determine 1, all Ecu forecasts for 2023 had been smartly above 2022 costs, which had already been document prime. Even so, fact exceeded expectancies in 4 of the 6 nations analyzed, Spain, Germany, Italy and Poland, and in 2023 Ecu markets noticed will increase of between 22 and 26%, leaving the ancient information of 2022 some distance in the back of.
Customers in Latin The united states additionally made forecasts above 2022 costs. On this case, expectancies weren’t met and 2023 costs had been underneath the predicted, excluding in Argentina, a marketplace with an excessively specific dynamic.
In contrast, the Asian nations analyzed, China and Vietnam, made downward forecasts, which is what was once discovered.
So… what does 2024 have in retailer for us? As soon as once more, we wish to know your opinion. Click on at the hyperlink to provide us your enter: What do you assume the pig worth can be for your nation in 2024?
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