The forecast for the import of frozen sheep carcasses and half carcasses to China from 2024 to 2028 indicates a steady upward trend, starting at $93.48 million in 2024 and reaching $109.26 million by 2028. This represents a consistent growth with a compound annual growth rate (CAGR) over the forecast period. In 2023, the values stood at a lower level, highlighting an increasing demand trend expected to continue over the upcoming years.
Key future trends to watch for include:
- Potential impacts of trade policies between China and exporting countries which might affect import volumes.
- Changes in consumer preferences that could further spur demand for frozen meat products.
- Economic conditions that influence meat consumption patterns and import capabilities.