The forecasted import of live bovine animals except pure-bred breeding to the UK shows a steady decline from 2024 to 2028. The values in thousands start at 11.89 in 2024 and decrease to 9.25 by 2028. This indicates a shrinkage of the market for this sector over the forecasted period. The year-on-year percentage variation reveals a consistent negative trend. The compound annual growth rate (CAGR) also highlights this downward trend in imports. In 2023, the actual value stood higher, reflecting the start of this declining phase.
Future trends to watch include the impact of policy changes related to agricultural imports post-Brexit, shifts in domestic production capabilities, and possible changes in consumer demand for beef and dairy that could affect import needs. The evolving trade environment and technological advancements in agriculture might also influence future imports.
