The forecast for re-import of live animals, excluding farm animals, to China indicates a gradual increase from 2024 through 2028, with weights rising from 592.76 kilograms in 2024 to 647.87 kilograms in 2028. Assuming stability throughout 2023, year-on-year growth reveals a consistent increase of about 2.4%. The compound annual growth rate (CAGR) indicates a steady rate of growth for the next five years at approximately 2.2% annually.
Future trends to watch for include:
- Regulatory changes impacting import quotas or restrictions, potentially influencing volumes.
- Fluctuations in demand for specific types of live animals which could drive variations in import numbers.
- The impact of international trade relations on re-import agreements and tariffs.
- Technological or logistical advancements in the transportation of live animals impacting costs and feasibility.