The import forecast for fresh or chilled bone-in bovine cuts to Canada shows a consistent decrease from 2024 to 2028. In 2023, the import volume stood at approximately 8.5611 million kilograms, representing a peak before the forecast period. The year-on-year decline is gradual, with a diminishing import volume each year. From 2024 to 2025, the decrease is about 1.12%, continuing similarly through 2028. The five-year compound annual growth rate (CAGR) from 2024 to 2028 is negative, indicating a consistent downward trend.
Future trends to watch for include:
- The potential impact of trade agreements on beef imports.
- Changes in domestic beef production influencing import needs.
- Consumer preference shifts towards alternative proteins.
