The import of live bovine animals into Canada, excluding pure-bred breeds, shows a steady projected increase from 2024 to 2028. Starting at 325.84 thousand in 2024, it is anticipated to reach 392.96 thousand by 2028. The year-on-year growth from 2024 to 2025 is approximately 5.3%, from 2025 to 2026 is about 4.9%, from 2026 to 2027 is around 4.6%, and from 2027 to 2028 it stands at roughly 4.3%. The compound annual growth rate (CAGR) for this five-year forecast is approximately 4.8%.

Future trends to keep an eye on include:

Potential changes in trade agreements or tariffs that could influence costs and import volumes.
Fluctuations in global demand for beef impacting import needs.
Developments in domestic cattle production influencing import reliance.