In 2023, the import of live pure-bred breeding bovine animals to China was valued at approximately 69 million USD. The forecast indicates a steady decline in the import values from 2024 to 2028, decreasing from 62.287 million USD in 2024 to 33.067 million USD by 2028. Year-on-year percentage variations between 2024 and 2025 project a fall of about 12.1%, and between 2025 and 2026, a reduction of around 13.5%, with consistent declines each year. The compound annual growth rate (CAGR) from 2024 to 2028 suggests a decrease of approximately 14.4% annually in this market segment.
Future trends to watch for include:
- Technological and genetic advancements in domestic breeding, potentially reducing dependence on imports.
- Shifts in national agricultural policies that could affect trade dynamics.
- Economic factors influencing supply chain and logistics costs that may further impact import volumes and values.
- Global trade developments and partnerships impacting international livestock trade.