The forecast for the import of fresh or chilled bone-in sheep cuts to Canada shows a steady decrease from 2024 to 2028. In 2024, the imports are projected at 3.6906 million kilograms, declining to 3.6006 million kilograms by 2028. In 2023, the actual imports stood slightly above the 2024 forecasted figures, indicating a declining trend. The year-on-year variation reflects a consistent decrease of approximately 0.6% - 0.7% annually. Over a five-year period, this results in a compounded average growth rate (CAGR) that underscores a minor declining trend.
Future trends to watch include potential changes in consumer demand, variations in international trade agreements, and fluctuations in domestic sheep production, all of which could impact import levels in Canada. Monitoring these factors will be crucial for understanding the trajectory of imports in the coming years.
