Key Market Indicators
Iceland's beef production is projected to reach 5,430 metric tons by 2026. This growth of 1.4% year-on-year is a continuation of an upward trend since 1966, when production jumped by 2.7% compared to the year before. In 2021, Iceland ranked 144th in terms of production, with Togo surpassing them at 5,000 metric tons. Brazil, China, and Argentina were the top three producers, respectively. Iceland's beef consumption was at 5 thousand metric tons in 2018, up from 5 thousand metric tons in 2017.
