The forecast for Canada's cattle export from 2024 to 2028 shows a slight downward trend. The value is expected to decrease from 716.0 thousand units in 2024 to 700.0 thousand units by 2028. The year-over-year reduction reflects a steady decline of just over 0.55% annually. In 2023, cattle exports stood at around 720.0 thousand units, indicating a consistent drop from the previous year. The compound annual growth rate (CAGR) from 2024 to 2028 predicts a gentle decline, highlighting challenges in sustaining higher export levels.
Future trends to watch for include:
- Global demand shifts for beef products that could alter export dynamics.
- Trade agreements or disputes affecting cattle export policies.
- Environmental concerns influencing cattle farming practices and export capabilities.
- Technological advancements in the agricultural sector that may boost productivity.
