Overview

Beefed up: Industry revenue expected to grow due to strong overseas demand

IBISWorld’s Beef Cattle Farming market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$13bn
Annual Growth
2012 - 2017
6.0%
Annual Growth
2017 - 2022
Profit
Employment
65,246
Business
37,100

Industry Threats & Opportunities

  • Robust saleyard price growth has helped the industry grow strongly over the past five years
  • Export quotas to Indonesia have remained a contentious topic over the past two years
  • Live cattle export revenue growth is forecast to ease over the next five years

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    Industry Analysis & Industry Trends

    Challenging conditions have plagued the Beef Cattle Farming industry over the past five years. Varying weather patterns, fluctuating turnoff rates and government policies abroad have all influenced the industry's performance over the period. However, immense saleyard price growth has helped the industry post a strong financial performance. Industry revenue is forecast to grow at an annualised 6.0% over the five years through 2016-17, albeit from a low base. Strong demand for Australian cattle and beef in export markets helped boost industry revenue over the three years through 2015-16. Industry revenue is forecast to grow by 5.0% in 2016-17 to $13.4 billion, supported by ongoing high saleyard prices...

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    Industry Report - Industry Analysis Chapter

    Operators in the Beef Cattle Farming industry have been greatly affected by external factors over the past five years. Fluctuating rainfall, volatile operating costs, varying turnoff rates and government policies abroad have influenced industry earnings. Despite these challenges, operators have largely posted strong revenue growth over the period. Industry revenue is forecast to grow at an annualised 6.0% over the five years through 2016-17, to $13.4 billion. The industry has recovered from sharp revenue declines over the two years through 2012-13, with strong revenue growth displayed since then. In particular, rising beef prices resulting from strong demand for Australian cattle and beef in export markets have helped boost farmer earnings.

    ..

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    Additional Insights for the Beef Cattle Farming Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Beef Cattle Farming Industry are

  • Proximity to key suppliers
  • Proximity to key markets
  • Appropriate physical growing conditions
  • IBISWorld analysts also discuss how external factors such as Beef and veal production and Domestic price of beef in the Beef Cattle Farming industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Beef Cattle Farming Industry?

    Industry operators primarily farm beef cattle. The industry excludes feedlot, mixed livestock farming and grain-sheep or grain-beef farming operations.

    Industry Products
    Cows and bulls
    Calves
    Heifers and steers
    Industry Activities
    Farming beef cattle
    Grazing domesticated buffalo
    Dairy cattle agistment and replacement farming

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Beef and veal production
  • Domestic price of beef
  • Trade-weighted index
  • Demand from meat processing
  • Level of annual rainfall

  • Current Performance
  • Climatic factors
  • Live cattle exports
  • Profit and structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand factors
  • Live cattle trade
  • Profit and structure
  • Table: Beef Cattle Farming Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Beef Cattle Farming Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Meat Processing
  • Livestock and Other Agricultural Supplies Wholesaling
  • Agribusiness
  • Organic Farming

  • Key Selling Industries
  • Agricultural Machinery Manufacturing
  • Beef Cattle Farming
  • Fertiliser Manufacturing
  • Livestock and Other Agricultural Supplies Wholesaling
  • Shearing, Cropping and Agricultural Support Services
  • Veterinary Services

  • Products & Services
  • Cows and bulls
  • Heifers and steers
  • Calves
  • Chart: Beef Cattle Farming Industry Products and Services Segmentation

  • Demand Determinants
  • Demand for slaughter cattle
  • Demand for breeding cattle
  • Government intervention

  • Major Markets
  • Downstream processors for slaughter
  • Feedlots
  • Live export markets
  • Other farmers for breeding or stocking
  • Chart: Major Market Segmentation for the Beef Cattle Farming Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Beef Cattle Farming

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Beef Cattle Farming Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Beef Cattle Farming Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Beef Cattle Farming Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Cattle-Handling Race
  • A metal structure farmers use to isolate cattle, usually for assessing their health, issuing vaccines or tagging.
  • Imputed Wage
  • The estimated labour input of the farm owner and their family members, based on hours worked and wages outlined in the Federal Pastoral Industry Award.
  • Turnoff
  • The number of livestock produced by a rural property or district available for market.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Beef Cattle Farming:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Beef Cattle Farming market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Beef Cattle Farming, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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