The US lamb export forecast indicates a consistent decline from 2024 to 2028, starting at 4.5 million pounds in 2024 and dwindling to 3.43 million pounds by 2028. Compared to 2023, this represents a notable reduction. Year-on-year variations show negative growth, with declines ranging from 6% to 7% annually. Over the five-year span, the compound annual growth rate (CAGR) suggests an average annual decrease of approximately 5.6% in lamb export volumes.
Future trends to watch for include:
- Potential impacts of trade policy changes and export market diversification.
- Supply chain efficiency improvements or disruptions.
- Fluctuations in global demand for lamb due to economic and consumer preference shifts.