The forecasted import volume of fresh or chilled boneless bovine cuts to the UK shows a steady increase from 2024 through 2028, with values rising from 161.11 million kilograms in 2024 to 169.0 million kilograms by 2028. For context, imports in 2023 stood at approximately 159 million kilograms. Year-on-year growth rates are consistent, with an average annual increase of about 1.2%. The compound annual growth rate (CAGR) from 2024-2028 is also projected to be around 1.2%, indicating moderate but steady growth in this sector.
Future trends to watch include changes in trade policies post-Brexit, shifts in consumer preferences towards plant-based diets, and potential impacts of inflation on beef prices. These factors could influence the UK’s import demands in the coming years.
