In 2023, China's import of live pure-bred breeding bovine animals stood at 12.75 million kilograms. Looking at the forecasted data from 2024 to 2028, a declining trend is evident as the import volume shows a consistent yearly decrease. In 2024, imports are projected at 11.894 million kilograms, falling to 8.9213 million kilograms by 2028. This reflects a compounded annual growth rate (CAGR) indicative of a gradual reduction in import volume over the five-year period.
Future trends to watch for:
- A continued focus on domestic breeding programs to reduce dependency on imports.
- Potential policy shifts that might affect trade and import regulations.
- Technological advancements in breeding and livestock management that could influence market dynamics.