In 2023, the import of fresh or chilled swine carcasses and half carcasses to the US stood at a certain level. Over the forecasted years from 2024 to 2028, a consistent decline in import value is anticipated, starting at 3.8996 million dollars and falling to 3.0003 million dollars by 2028. This reflects a year-on-year reduction ranging from approximately 6% to 7%, suggesting a downward trend in imports over the next five years. The compound annual growth rate (CAGR) over this period reflects an average yearly decrease, highlighting weakening demand or possible import substitution.
Future trends to watch include changes in domestic swine production efficiency, shifts in consumer preferences towards alternative proteins, and potential trade policy adjustments that may influence import dynamics. Monitoring these factors will be crucial for anticipating further changes in the import market.
