The import of fresh or chilled bone-in bovine cuts to China is projected to grow consistently from 2024 to 2028. Starting at 8.0479 million USD in 2024, the value increases yearly, reaching 9.1829 million USD by 2028. Comparing to a baseline in 2023, we note a positive trend in imports, highlighting China’s expanding demand for bovine products.
Year-on-year growth:
- 2024 to 2025: ~3.63%
- 2025 to 2026: ~3.43%
- 2026 to 2027: ~3.25%
- 2027 to 2028: ~3.09%
Compound Annual Growth Rate (CAGR): Based on the given forecasts, the 5-year CAGR is approximately 3.34%, indicating steady growth.
Future trends to watch include potential impacts of China’s economic policies on beef imports, evolving consumer preferences, and global supply chain dynamics influenced by trade agreements or disruptions. Keeping an eye on these factors will be crucial for stakeholders in the beef import sector.
