In 2023, the import of fresh or chilled bovine carcasses and half carcasses to the US was significantly marked before entering a projected growth phase. From 2024 onwards, the forecasted data suggests a steady increase in imports by value, reflecting a compounded annual growth rate (CAGR). Year-on-year growth showcases a consistent rising trend, aligning with consumer demand and market expansion. Each year sees a moderate percentage increase in imports, indicative of a stable market trajectory.
Future trends to watch for include:
- Potential disruptions due to trade policies or tariffs impacting cost structures.
- A shift in consumer preferences towards alternative proteins possibly affecting future growth rates.
- Geopolitical tensions that could reshape supply chain logistics.