The forecast for the UK import of fresh or chilled meat of bovine animals shows a steady upward trend from 2024 to 2028, with values increasing from $1.2876 billion in 2024 to $1.346 billion in 2028. Calculating the year-on-year growth rates reveals a consistent increase of approximately 1.17% annually, reflecting stability and a gradual climb in demand for bovine meat imports.
Looking at the broader picture, if the trend continues, the compound annual growth rate (CAGR) over these years maintains the indicated progression, averaging around 1.2% per year. This suggests a resilient market poised for incremental growth.
Future trends to watch for include potential impacts from trade agreements post-Brexit, global market price fluctuations, and changes in consumer preferences towards alternative protein sources, which could influence import dynamics significantly.
