The forecasted import of frozen sheep carcasses and half carcasses to Canada is expected to show a consistent upward trend from 2024 to 2028. In 2023, imports were at 207.10 thousand kilograms. Year-on-year growth from 2024 to 2028 averages around 4-5%, with the compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 approximately 4.1%.
Future trends to watch for:
- Potential changes in trade agreements affecting tariffs and export-import regulations.
- Shifts in domestic demand for sheep meat due to changing consumer preferences or dietary trends.
- Fluctuations in supply from key exporting countries.
- Impact of global market conditions, including currency exchange rates and economic stability in exporting regions.