The import value of live bovine animals (excluding pure-bred breeding) to the US is forecasted to see a slight annual decline from 2024 through 2028, starting at $1.6403 billion and decreasing to $1.6303 billion. This represents a consistent downward trend of approximately 0.15% year-on-year. The compound annual growth rate (CAGR) over this five-year period shows a marginal decline, despite the market stability. In 2023, the import value was slightly higher, indicating a gradual reduction over the next few years.
Future trends to monitor include:
- Changes in trade policies affecting livestock imports.
- Shifts in domestic bovine production and consumption patterns.
- Impact of global demand and disease outbreaks on cattle trade dynamics.
