In 2023, the import of frozen lamb carcasses and half carcasses to the US stood at a baseline against which future trends are forecasted. Significant growth is projected over the next five years, with notable year-on-year increases: 3.00% from 2024 to 2025, 2.85% from 2025 to 2026, 2.72% from 2026 to 2027, and 2.59% from 2027 to 2028. The compounded annual growth rate (CAGR) over this period averages approximately 2.79%, indicating a steady rise reflecting increasing demand and possible shifts in trade dynamics.
Future trends to watch for include:
- Changes in US trade policies affecting import tariffs or quotas.
- Fluctuations in global lamb supply, influenced by climatic conditions or geopolitical factors.
- Consumer preference shifts towards alternative protein sources.
- Economic conditions impacting purchasing power and demand in the US market.
