In 2024, the re-import of live bovine animals to Canada is projected at 142.74 thousand USD, slightly down from the actual figures of 2023. Over the forecasting period, there's a subtle downward trend, with figures decreasing marginally year-on-year from 142.74 in 2024 to 141.74 by 2028. This consistent, albeit slight, decline indicates a stable yet decreasing demand or value for these imports, translating into a minor compound annual growth rate (CAGR) indicating a declining trend. Understanding these trends can reveal shifts in domestic capacity or broader market conditions affecting trade dynamics.
Future trends to watch for:
- Global trade policy changes impacting import/export conditions.
- Domestic production adjustments reducing the need for imports.
- Economic factors such as exchange rates and commodity prices.
- Disease outbreaks or animal health regulations affecting supply chains.
