The import of live pure-bred breeding swine to the US is projected to show a slight decline over the forecast period, according to the data. In 2023, the import value stood at 1.58 thousand units. The forecasted data for 2024 through 2028 show a consistent year-on-year decrease, with a compound annual growth rate (CAGR) of approximately -2.37% over the last five years. This trend indicates a modest reduction in import volumes over the forecast period.
Future trends to watch for:
- Technological advancements in domestic breeding practices could reduce the reliance on imports.
- Trade policy changes and tariffs might impact import levels, either increasing or decreasing them.
- Economic factors influencing demand for pork products, such as consumer preferences and purchasing power.