Bullish performance: Rising demand from Asian markets has driven revenue growth

IBISWorld’s Sheep-Beef Cattle Farming market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.


Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Annual Growth
2012 - 2017
Annual Growth
2017 - 2022

Industry Threats & Opportunities

  • Varying rainfall has played a major role in the industry's performance over the past five years
  • Demand conditions in export markets have a major effect on domestic beef, lamb and wool prices
  • Domestic beef and lamb price growth is forecast to slow as demand growth in export markets eases

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    Industry Analysis & Industry Trends

    The Sheep-Beef Cattle Farming industry is subject to immense revenue volatility. This is because sheep and beef cattle farmers are exposed to a range of uncontrollable factors, including weather patterns, downstream demand and price movements. Revenue fluctuations have ranged between a decline of 36.8% and growth of 30.3% over the past five years. Overall, industry revenue is expected to grow at an annualised 2.0% over the five years through 2016-17, to reach $4.9 billion.

    Varying rainfall has played a major role in the industry's performance over the past five years. This is because rainfall patterns have a significant effect on the operational decisions made by farmers...

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    Industry Report - Industry Investment Chapter

    The industry's low wage costs are indicative of a highly capital-intensive industry. For every dollar spent on wages, the industry spends an estimated $2.97 on capital expenses. However, owner-operators carry out the majority of labour tasks required by the industry. Many farm owners do not pay themselves a traditional wage, meaning the industry's wage expenses underrepresent the actual cost of labour. Nonetheless, the industry remains highly capital-intensive when the cost of imputed labour is accounted for.

    Land is one of the industry's major requirements, as cattle farming requires large areas for sheep and cattle to roam and graze. However, land is a non-depreciable asset and cannot be attributed to depreciation costs. Bas..

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    Additional Insights for the Sheep-Beef Cattle Farming Industry

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

  • Superior financial management and debt management
  • Output is sold under contract
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Level of annual rainfall and Trade-weighted index in the Sheep-Beef Cattle Farming industry impact industry performance..

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    Industry Products

    What is the Sheep-Beef Cattle Farming Industry?

    Producers in the industry are primarily engaged in farming both sheep and beef cattle. The industry excludes those operations primarily involved in only beef cattle farming, only sheep farming, and those growing grain products in conjunction with sheep or beef cattle farming.

    Industry Products
    Beef cattle
    Sheep and lambs
    Industry Activities
    Raising sheep for meat production
    Raising beef cattle for meat production
    Wool growing

    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
  • Level of annual rainfall
  • Trade-weighted index
  • Domestic price of beef
  • Domestic price of lamb
  • Domestic price of wool
  • Domestic price of fertiliser

  • Current Performance
  • Climate control
  • Sale prices
  • Profit and structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Prices and markets
  • The weather effect
  • Fewer farms
  • Table: Sheep-Beef Cattle Farming Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Sheep Farming
  • Beef Cattle Farming
  • Meat Processing
  • Wool Wholesaling
  • Livestock and Other Agricultural Supplies Wholesaling
  • Agribusiness

  • Key Selling Industries
  • Agricultural Machinery Manufacturing
  • Beef Cattle Farming
  • Shearing, Cropping and Agricultural Support Services
  • Sheep Farming
  • Veterinary Services

  • Products & Services
  • Beef cattle
  • Sheep and lambs
  • Wool
  • Chart: Sheep-Beef Cattle Farming Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Meat processors
  • Feedlots
  • Export markets
  • Wool wholesalers and processors
  • Other farmers for breeding or stocking
  • Chart: Major Market Segmentation for the Sheep-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 Sheep-Beef Cattle Farming

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Sheep-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 Sheep-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 Sheep-Beef Cattle Farming Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • An intermediate stage during which cattle are grown to a certain weight before entering a feedlot.
  • Feedlot
  • During the cattle production process, cattle are sent to properties for finishing before slaughter.
  • Imputed Wage
  • The estimated labour input of the farm owner, their partner and/or family members, based on hours worked and wages outlined in the Federal Pastoral Industry Award.
  • Turn-Off
  • The rate at which cattle and sheep are sent to slaughterhouses. A high turn-off rate indicates a higher volume of production, while a low turn-off rate indicates a lower volume of production.
  • 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 Sheep-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 Sheep-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 Sheep-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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