The forecast for the import of frozen boneless bovine cuts to Germany from 2024 to 2028 shows a steady increase. This trajectory builds on the actual data from 2023, though specific figures from that year were not provided. Each subsequent year exhibits a slight upward trend, with year-on-year growth rates likely marginally above 1% based on the available forecast. Over the next five years, a continuous increase is expected, indicative of a Compound Annual Growth Rate (CAGR) modestly around 1.03%.
Future trends to watch for include:
- Shifts in consumer preferences toward plant-based diets which may impact beef demand.
- Economic factors such as inflation and trade agreements may influence import volumes.
- Germany's focus on sustainability and environmental impact could affect beef import strategies.