Key Market Indicators
Consumption of beef in Saudi Arabia is set to fall slightly over the next five years. In 2021, the country is estimated to consume 150,000 metric tons. By 2026, this figure is expected to drop to 144,000 metric tons, a decrease of 0.6% year on year. Since 2017, Saudi demand for beef has decreased by 0.7% year on year. Saudi beef production is expected to increase over the next five years. In 2021, the country is estimated to produce 46,240 metric tons, a figure that is set to rise to 47,000 metric tons in 2026. This is an increase of 0.9% year on year. Since 1966, Saudi supply has grown by 1.4% year on year. In 2021, Saudi Arabia is ranked 99th in terms of beef production, with Benin in the lead at 43,880 metric tons. Brazil, China and Argentina follow in 2nd, 3rd and 4th place respectively.
