The import of live bovine animals to Canada, excluding pure-bred breeding, saw actual figures up to 2023 at a noteworthy baseline, which sets the stage for continuous predictive analysis. The forecasted data indicates a consistent upward trend from 2024 to 2028, with values escalating annually.
Year-on-year analysis highlights a steady growth pattern. From 2024 to 2025, imports are projected to rise by approximately 5.5%, from 2025 to 2026 by about 5.2%, and similarly progressive increases are expected in subsequent years.. Over this five-year forecast period, the compound annual growth rate (CAGR) suggests an average yearly increase of roughly 5.0%.
Future trends to monitor include:
- The impact of international trade agreements that might alter import regulations and tariffs.
- Shifts in the global demand and supply dynamics of live bovine animals.
- Technological advancements in livestock transport and welfare influencing trade flows.
- Policy changes in neighboring countries affecting market dynamics.