The forecast for the import of live pure-bred breeding bovine animals to the US shows a gradual decline from 2024 to 2028 in terms of millions of US dollars. In 2023, the imports were valued at approximately 2.6852 million USD. Year-on-year, there is a decreasing trend with significant reductions, as 2025 is projected to see a 7.35% drop compared to 2024, followed by 7.79% by 2026, 8.27% by 2027, and finally a 8.85% decline by 2028. Over the five-year period, the compound annual growth rate (CAGR) indicates an average decrease in imports.
Future trends to watch for:
- Impact of technological advancements in genetic engineering on domestic breeding capabilities.
- Policy changes affecting tariffs or trade agreements influencing import costs.
- Fluctuations in domestic and global demand for pure-bred breeding bovine animals.