The US import of fresh or chilled meat of bovine animals is projected to grow steadily from 2024 to 2028. Starting at $3.7481 billion in 2024, the import value is anticipated to increase by close to 3% year-on-year. By 2028, this figure is expected to rise to $4.1834 billion. The compound annual growth rate (CAGR) for this period is approximately 2.8%. In 2023, the import value was recorded at approximately $3.64 billion, setting the stage for the upward trend demonstrated in subsequent years.
Future trends to watch for include:
- Global trade policies affecting beef exports to the US
- Shifts in consumer dietary preferences and their impact on beef consumption
- Economic factors influencing beef import prices and demand
