Cash cow: Demand for Australian cattle in export markets has supported revenue growth

The Beef Cattle Farming industry has displayed modest growth 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. Industry revenue is expected to grow at an annualised 1.6% over the five years through 2019-20 to reach $16.6 billion. Strong demand for Australian cattle and beef in export markets boosted industry revenue over the three years through 2015-16. However, over the three years since, adverse weather conditions have weighed on the industry's performance. Industry revenue is expected to decline by 7.5% in 2019-20, due to an anticipated fall in turnoff rates for cattle and more.

Industry Statistics & Market Size
Annual Growth 15-20
Forecast Growth 20-25
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Strong demand for Australian beef in export markets has supported industry growth
  • Export quotas to Indonesia have remained a contentious issue over the past five years
  • Live cattle export revenue growth is forecast to slow over the next five years
  • Industry Report - Industry Investment Chapter

    The Beef Cattle Farming industry's low wage costs indicate a highly capital-intensive industry. For every dollar paid as wages across the industry, approximately $1.43 is invested in capital. However, owner-operators carry out the majority of the industry's labour tasks. Since many farmers do not pay themselves a wage, the industry's wage expenses under-represent the actual income earned per employee. Despite this, the industry remains highly capital-intensive when imputed wages are accounted for.Cattle farmers rely on machinery to maintain cattle grazing pastures, equipment for branding, electric cattle tagging, and vehicles for travelling around large properties. The...purchase to read more.

    Additional Insights for the Beef Cattle Farming Industry

    IBISWorld has determined the most important Key Success Factors for the Beef Cattle Farming 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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    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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

  • 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
    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
    There are no major players in this industry. This report includes analysis of other companies.
    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
    Table: Industry Data for the Beef Cattle Farming Industry
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Exports (2011-2025)
  • Imports (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)
  • Repair and Maintenance (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Beef Cattle Farming market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
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    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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