In 2023, the import of fresh or chilled bone-in bovine cuts to Canada stood at 91 million USD. Over the upcoming years, there is a gradual declining trend, shown by the forecasts from 2024 to 2028. Specifically, from 2024 to 2025, there is a minor decrease of approximately 0.316%, and similarly, each consecutive year's decline remains around 0.3%, culminating in a 2028 forecast of approximately 89.913 million USD.

The Compound Annual Growth Rate (CAGR) from 2024 to 2028 suggests an overall negative trend, indicating an average decrease of 0.3% per annum.

Future trends to watch for:

Changes in global trade policies or tariffs that could affect import costs
Shifts in consumer preferences towards alternative proteins, potentially reducing demand
Macroeconomic factors such as currency fluctuations influencing purchasing power
Any trade agreements that could impact bovine imports from specific regions