In 2023, the import value of fresh or chilled bovine carcasses and half carcasses to the UK was substantial, though precise figures might vary. Forecasted data from 2024 indicate a steady increase, starting at $153.32 million and projected to reach $158.53 million by 2028, suggesting consistent year-on-year growth. The average compound annual growth rate (CAGR) over these five years signifies a modest but stable expansion in imports, reflecting perhaps a demand-driven market or supply dynamics.
Future trends to monitor include:
- Trade policy changes and their impact on import costs.
- Shifts in domestic beef production affecting import reliance.
- Consumer preferences evolving towards alternative proteins.
- Currency fluctuations influencing international purchasing power.
- Potential impacts of climate change on cattle production globally.
