The forecast for the import of frozen bone-in bovine cuts to the UK indicates a steady upward trend from 2024 to 2028, growing from 4.176 million kilograms in 2024 to 4.211 million kilograms in 2028. Year-on-year growth rates are marginal, showcasing a nearly linear increase over the forecasted period. In 2023, the actual data showed the volume slightly lower, following a pattern of consistent but modest growth over the recent years. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be small, reflecting the gradual expansion of imports each year by a narrow margin.
Future trends to watch for include potential impacts from global trade dynamics, such as changes in trade policy, international relations, and economic fluctuations. Additionally, shifts in consumer preferences towards sustainability and potential disruptions in supply chain logistics could influence import volumes. Monitoring these factors will be crucial for anticipating future variations beyond the current forecast.
