Key Market Indicators
Namibian beef consumption is set to reach 26,000 metric tons by 2026, up from 22,000 metric tons in 2021. This represents a 2.4% growth year-on-year, on average. Since 2017, demand has been stable. Meanwhile, Namibian beef production is forecast to drop 1.6% year-on-year CAGR to 27,540 metric tons by 2026. This is down from 30,310 metric tons in 2021, a decline of 2.6% since 1966. In 2021, Namibia ranked 108th, overtaken by Ivory Coast with 30,310 metric tons. Brazil, China and Argentina respectively were 2nd, 3rd and 4th in the rankings.
