The forecast for the import of frozen bone-in bovine cuts to Canada shows a steady yearly increase from 2024 to 2028, with values rising from 4.855 million USD to 5.0596 million USD. This indicates a cautious growth trend in the Canadian market for these imports. While specific percentage variations are not provided, the incremental rise suggests a consistent growth pattern. Looking back at 2023, understanding the baseline year contextualizes the forecasted values. The compound annual growth rate (CAGR) over this period indicates a modest and gradual increase in demand.
Future trends to watch for include potential shifts in consumer preferences towards plant-based proteins, which could impact the demand for meat imports. Additionally, trade agreements and currency fluctuations might influence import prices and volumes. Monitoring these factors will be crucial for understanding the market dynamics of frozen bone-in bovine cuts in Canada.
