Key Market Indicators
Norwegian beef consumption is set to reach nearly 100,000 metric tons by 2026, growing at an average rate of 0.4% year on year. Since 2017, demand has risen 1.1% annually. Production is also on the rise, with an estimated 90,100 metric tons expected by 2026, increasing 0.4% year on year. Since 1966, supply has increased 1.5% annually. In 2021, Norway was ranked 75th in beef production, with 88,180 metric tons. Afghanistan overtook Norway, coming in at number 74, followed by Brazil, China, and Argentina.
