Key Market Indicators
New Zealand's beef consumption is forecast to reach around 110,400 metric tons by 2026. This is an increase of 0.8% year on year on average, rising from 105,000 metric tons in 2021. Since 2017, New Zealand's demand for beef has grown by 1.6% year on year. At the same time, New Zealand's beef production is set to reach 710,620 metric tons by 2026, growing at a rate of 0.5% year on year on average. This is up from 689,570 metric tons in 2021. Since 1966, New Zealand's supply of beef has increased by 0.5% year on year. In 2021, New Zealand was ranked 18th in the world for beef production, with Spain in the lead at 689,570 metric tons. Brazil, China, and Argentina were the next three in the global ranking.
