The import of live bovine animals, excluding pure-bred breeding, to the US shows a consistent decline from 2024 to 2028. In 2023, the actual imports were at a higher value compared to the forecasted 2024 figure, indicating a downward trend.
Year-on-year analysis demonstrates a gradual decrease in import volumes. From 2024 to 2025, the decrease is approximately 1.2%, followed by a 1.1% drop in each subsequent year until 2028. This translates into a 5-year Compound Annual Growth Rate (CAGR) that signifies a steady contraction in the imports.
Future trends to watch for:
- Potential shifts in domestic cattle production influencing import levels.
- Trade agreements and tariffs affecting international livestock trade.
- Economic factors and consumer demand for beef products in the US.
- Innovations and changes in alternative protein markets impacting livestock imports.