Key Market Indicators
Lao beef consumption is expected to drop slightly in the coming years. In 2021, it was estimated to reach 53,000 metric tons, down 1.3% from the previous year. Since 2017, demand has declined at an average rate of 0.6% per year. Meanwhile, Lao beef production is projected to increase to 41,000 metric tons in 2026, growing at a rate of 1.7% per year since 1966. In 2021, the country was ranked 102nd in the world for its beef production, with 37,000 metric tons. Lithuania has overtaken Laos in this ranking, while Brazil, China, and Argentina are the top three beef producers in the world.
