The forecast data suggests a consistent increase in the import of live bovine animals to Canada from 2024 to 2028, starting at $254.41 million in 2024 and reaching $308.19 million by 2028. This represents a steady year-on-year growth of approximately 4.8% from 2024 to 2028. Without specific actual values from 2023 provided, an exact comparison to that year isn't possible. However, the trend indicates a robust upward trajectory in monetary terms, with the compound annual growth rate (CAGR) appearing to support a strong and continuous demand for these imports over the five-year period.
Future trends to watch for include potential impacts of trade agreements, changes in domestic production, and shifts in demand for live bovine animals due to evolving consumer preferences or environmental policies. Monitoring any significant economic or regulatory developments within Canada's agriculture sector will be essential to understanding potential variations in this import trend.
