Industry Analysis & Industry Trends
The Horse Farming industry has had a tough run over the past five years. The industry has been affected by downstream demand from the horseracing sector, weak economic conditions and the outbreak of equine influenza in 2007-08. Partially offsetting these factors have been increased prize money and increased quality of horses in Australia, assisted by the use of shuttle stallions, and increased competition in the market for horses by major player Darley Australia. The outbreak of equine influenza caused widespread damage across the country's horse farming and racing industries as movement restrictions meant that breeding was delayed or foregone. This was made worse as the timing of the outbreak coincided with the start of the breeding season and the global financial crisis... purchase to read more
Industry Report - Industry Analysis Chapter
The past five years have been a painful period for the Horse Farming industry in Australia. The period has included the aftermath of the equine influenza outbreak of late 2007 and then the global financial crisis of 2008-09 and 2009-10. Hence, global demand for horses used for horseracing has dropped considerably. IBISWorld expects industry revenue to remain relatively flat over 2012-13, increasing 0.1% to $745.1 million, meaning revenue is expected to fall 9.9% on a compound annual basis over the five years through 2012-13.
There are a number of ways to measure the output of horse farming and no matter the measure chosen, the industry has been declining since 2007-08... purchase to read more