In 2023, the re-import of live animals to Canada stood at a baseline of 1 million USD. The forecasted data from 2024 to 2028 indicates a steady annual increase. By 2028, the re-import value is expected to reach approximately 1.14 million USD, suggesting modest growth year-on-year. The average annual growth rate, or CAGR, over this period reflects a positive continuous trend in the re-import market.
Future trends to watch for include:
- Potential policy changes in animal trade regulations affecting re-import volumes.
- Evolving demand in global markets for Canadian-bred livestock.
- Impacts of technological advancements in animal tracking and welfare standards on international trade.