Key Market Indicators
Australian lamb production is projected to reach nearly 785,000 metric tons by 2026. In 2021, it totaled 746,820 metric tons, up 0.8% year on year on average. Since 1966, the country has seen its supply grow by an average of 0.9% annually. In 2021, China topped global lamb production at 746,820 metric tons. Australia, New Zealand and Algeria ranked second, third and fourth respectively.