Key Market Indicators
Consumption of beef in Nicaragua is set to decrease significantly over the next five years, with an average year-on-year decline of 13.4%. This follows a 3.1% decrease in demand since 2017. Production of beef in Nicaragua is forecast to grow slightly over the next five years, with an average year-on-year increase of 1.5%. This follows a 4.5% rise in supply since 1966. Nicaragua ranked 61st in the world in 2021, with 142,380 metric tons. Azerbaijan overtook it, while Brazil, China and Argentina respectively took the 2nd, 3rd and 4th spots in the ranking.
