Wild and woolly: Exports to textile manufacturers are resuming after being shorn during the pandemic
Sheep-beef cattle farming is exposed to a range of factors, including weather patterns, downstream demand and price movements. Consequently, revenue volatility is high for farmers. Revenue has dipped in recent years, despite higher sheep meat and beef prices. Industry revenue is expected to weaken at an annualised 1.9% over the five years through 2022-23, to $4.1 billion. This includes an anticipated slump of 10.2% in 2022-23, as wool prices take a dive.
Industry operators mainly farm both sheep and beef cattle. The industry excludes operators that only farm beef cattle, or sheep. The industry also excludes farmers growing grain products in conjunction with sheep or beef cattle farming.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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Methodology
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