In 2023, Canada imported 58 million kilograms of frozen boneless bovine cuts. For 2024, the forecast is 57.389 million kilograms, declining at an average rate of -1.53% annually over the next five years, resulting in import volumes of 55.047 million kilograms in 2028. This downward trend indicates a consistent decrease in imports.
Future trends to watch for include:
- Changing consumer preferences towards alternative proteins could further impact beef imports.
- Trade agreements and regulations may influence import volumes and policy shifts could alter market dynamics.
- Global supply chain and production factors will also play a significant role in future import trends.