The forecasted data for the import of fresh or chilled boneless bovine cuts to Brazil indicates a slight but steady increase from 2024 to 2028. The value starts at $127.98 million in 2024, climbing gradually to $131.37 million in 2028. As of 2023, the actual import stood at approximately $127 million, hinting at a consistent upward trajectory. Year-on-year growth hovers around 0.67% to 0.68%, highlighting minimal yet stable increases. The compound annual growth rate across this five-year forecast period is modest, indicating sustained demand with potential external influencing factors to consider.
Future trends to watch for in this market include shifts in consumer preferences towards alternative protein sources, potential impact of trade policies, and currency fluctuations. Additionally, monitoring global beef supply chains and emerging competition could offer insights into future market dynamics.
