In 2023, the import value of fresh or chilled bovine carcasses and half carcasses to Canada stood at an actual level (data not provided here). The forecast from 2024 to 2028 shows a consistent annual increase, reflecting a growing demand or adjusted pricing over the years. Specifically, from 2024 to 2025, the import value increases by approximately 5.31%, from 2025 to 2026 by 4.95%, from 2026 to 2027 by 4.63%, and from 2027 to 2028 by 4.34%. This results in a compound annual growth rate (CAGR) of about 4.82% from 2024 to 2028.

Future trends to watch for include:

Changes in trade policies or tariffs that may affect pricing and import volumes.
Shifts in consumer preferences towards plant-based diets impacting demand.
Economic factors such as currency fluctuations and purchasing power in Canada.
Global supply chain disruptions affecting product availability and transit times.