In 2023, the US imported approximately 569.72 million kilograms of live bovine animals, excluding pure-bred breeding. The forecast indicates a steady decline in imports, with a year-on-year decrease of about 1.93% for 2024, continuing with decreases of around 1.93% annually until 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected to be -1.95%, reflecting a consistent downward trend in volume.
Future trends to watch for:
- Possible shifts in trade policies or tariffs affecting import levels.
- Changes in domestic cattle production influencing the demand for imports.
- Global economic conditions impacting livestock markets and trade flows.
- Advancements in breeding, potentially reducing import needs over time.
