The import of fresh or chilled boneless sheep cuts to the US is projected to grow from 111.8 million USD in 2024 to 121.88 million USD by 2028. This indicates a consistent upward trend with a compound annual growth rate (CAGR) across this period. Given that we are in 2024, it's essential to note the increase in imports from preceding years. Specifically, notice the average year-over-year growth of approximately 2.5% to 2.7%, suggesting a steady demand increase.
Future trends to watch for include:
- Potential changes in import regulations or tariffs that may affect trade volume.
- Shifts in consumer preferences toward alternative protein sources which might impact demand.
- Impact of global supply chain disruptions influencing market dynamics and availability.