Key Market Indicators
Australians are expected to consume 627,000 tonnes of beef by 2026. This is a drop of 1.4% per year on average compared to 682,000 tonnes in 2021. Since 2017, demand for Australian beef has fallen by 1% annually. Australian beef production is expected to reach 2.37 million tonnes by 2026, a 0.3% year-on-year growth rate since 1966. In 2021, Australia was the fourth largest producer, behind Argentina (2.33 million tonnes), Brazil, and China.