Sheep Farming in Australia

Overview

Fairweather friend: Revenue is anticipated to rise, barring any extreme weather events

The Sheep Farming market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT
Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth
2012 - 2017
3.5%
Annual Growth
2017 - 2022
x.x%lock
Profit
x.x%lock
Employment
18,016
Business
11,710

Industry Threats & Opportunities

  • Sheep farmers' performance has been volatile due to varying turnoff rates and lamb and wool prices
  • Profit margins have fluctuated over the past five years, but have trended downwards overall
  • Farmers will likely focus on export markets to shore up revenue lost from weak domestic consumption

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    Industry Analysis & Industry Trends

    Similar to most agricultural industries, the Sheep Farming industry has displayed strong volatility over the past five years. Fluctuating turnoff rates, shifting demand in local and export markets, and varying prices for lamb and wool have contributed to revenue movements over the period. Industry revenue is forecast to grow at an annualised 3.5% over the five years through 2016-17, to $3.7 billion. This growth is slightly overstated due to a low base year. Rapidly rising lamb prices over the past four years have contributed to strong revenue growth, helping the industry recover from heavy losses incurred during 2012-13. Industry revenue is forecast to grow by 5.4% during 2016-17 due to strong growth in lamb and wool prices...

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    Industry Report - Industry SWOT Analysis Chapter

    The industry is considered to be in the mature phase of its life cycle. Slowly declining enterprise numbers, moderate technological advancement and widespread acceptance of industry products all point to a mature industry. Furthermore, various factors indicate that the industry is not set to enter a decline phase any time soon.

    Industry value added (IVA), which measures an industry's contribution to the overall economy, is forecast to decline at an annualised 0.3% over the 10 years through 2021-22. This is a substantially weaker performance compared with the economy, with GDP forecast to grow at an annualised 2.5% over the same period. While this is typically indicative of a declining industry, this figure is negatively skewed by a high base year in 2011-12. The..

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    Additional Insights for the Sheep Farming Industry

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

  • Superior financial management and debt management
  • Proximity to key suppliers
  • Proximity to key markets

    • IBISWorld analysts also discuss how external factors such as Domestic price of wool and Domestic price of lamb in the Sheep Farming industry impact industry performance..

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    Industry Products

    What is the Sheep Farming Industry?

    The industry consists of farms that are primarily engaged in sheep farming. Sheep are farmed for their meat and wool.

    Industry Products
    Wool
    Lambs for slaughter
    Sheep for slaughter
    Sheep for live export
    Sheep and lambs for breeding and stocking
    Industry Activities
    Prime lamb raising
    Sheep farming
    Wool growing
    Sheep agistment
    Raw sheep milk production

    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
  • Domestic price of wool
  • Domestic price of lamb
  • Level of annual rainfall
  • Trade-weighted index
  • Sheep meat production

    • Current Performance
  • Production and prices
  • Importance of trade
  • Fluctuating profit margins
  • Keeping it in the family
  • Chart: Revenue Growth

    • Industry Outlook
  • Covering rising costs
  • Productivity push
  • Tech-savvy farmers
  • Table: Sheep Farming Industry Revenue Outlook

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

    • Products & Markets
    Supply Chains
    Key Buying Industries
  • Meat Processing
  • Wool Wholesaling

    • Key Selling Industries
  • Agribusiness
  • Livestock and Other Agricultural Supplies Wholesaling
  • Organic Farming
  • Shearing, Cropping and Agricultural Support Services
  • Veterinary Services

    • Products & Services
  • Wool
  • Lambs for slaughter
  • Sheep for slaughter
  • Sheep and lambs for breeding and stocking
  • Sheep for live export
  • Chart: Sheep Farming Industry Products and Services Segmentation

    • Demand Determinants
  • Demand for slaughter sheep and lamb
  • Demand for wool

    • Major Markets
  • Meat processors
  • Wool wholesalers and processors
  • Other farmers
  • Live sheep export markets
  • Chart: Major Market Segmentation for the Sheep Farming Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Repairs and maintenance
  • Shearing services
  • Rent, utilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Sheep Farming

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Sheep 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 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 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
    El Nino
  • A recurring weather pattern that caused by warming sea temperatures in the Pacific Ocean, often resulting in drought conditions in eastern states of Australia.
    • 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.
    • Melioidosis
  • A bacterial disease found in the Northern Territory. Bacteria remains under the soil during the dry season, but can become airborne and spread to animals and humans during wet season.
    • Processing
  • The process of taking a live animal, slaughtering it and then breaking down into saleable goods.
    • Stockfeed
  • Animal feed, such as wheat, grain or grass.
    • Turn-Off Rate
  • The portion of the flock that the farmer sells for processing.

    • 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 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 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 Farming, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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