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

IBISWorld’s Sheep 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.


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 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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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
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 Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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