In 2023, the import of fresh or chilled boneless bovine cuts to the UK was valued at $1.028 billion. From the data provided, there is a steady upward trend in the forecasted value of imports from 2024 to 2028, with the projected value reaching $1.092 billion by 2028. Each year features an incremental increase, with year-on-year growth rates ranging between 1.23% and 1.34%. The compound annual growth rate (CAGR) over this period is expected to be approximately 1.21%, indicating a consistent rise in demand or pricing for these imports.

Future trends to watch for include:

Changes in trade policies or agreements post-Brexit that may impact beef import tariffs.
Shifts in consumer preferences towards plant-based diets, which could influence demand.
Global supply chain disruptions due to environmental or geopolitical factors affecting bovine meat trade.