$20.9bn
$X.Xbn
17,426
3,831
$X.Xbn
The Livestock and Other Agricultural Supplies Wholesaling industry wholesales a range of goods, including livestock, hay crops, seeds and leather. Industry revenue from selling farm outputs, like hay and silage, raw sugar, leather, and nursery stock, has varied over the past few years due to local factors like rainfall, and varying global demand and supply conditions. Despite significant volatility, the prevailing recent trends of high average rainfall and soaring agricultural commodity prices have supported industry revenue growth. Overall, industry-wide revenue is expected to edge up at an average annualised 0.9% over the past five years, to total $20.9 billion in 2023-24, when revenue will drop by an anticipated 9.1%. As global supply and demand trends somewhat normalise, agricultural commodity prices are expected to begin trending downwards in 2023-24.The industry auctions livestock, which has displayed unpredictable trading conditions in recent years, largely due to volatile weather. This factor has contributed to revenue volatility over the period. However, the industry earns revenue from multiple sources, and its diverse offerings help mitigate demand fluctuations from any single market. While demand from the Agriculture subdivision has climbed recently, increasing wholesale bypass trends have constrained industry revenue growth. Many downstream agricultural supplies retailers bypass wholesalers to deal directly with producers or undertake their own wholesale functions.Strong demand from agriculture markets is forecast to drive industry revenue growth over the coming years. Despite a slight contraction from their current heights, robust farm incomes are set to support revenue growth and profitability as demand for premium goods increases. However, the industry's expansion will likely be slow as many larger downstream agricultural firms continue to bypass industry wholesalers or undertake their own vertically integrated wholesaling functions. Livestock and other agricultural supplies wholesalers are also poised to contend with shortened supply chains and more consumers purchasing agricultural goods directly from online stores. Industry revenue is forecast to inch upwards at an annualised 0.3% over the five years through 2028-29, to total $21.2 billion.
Industry revenue has grown at a CAGR of 0.9 % over the past five years, to reach an estimated $20.9bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Elders | 1,754.5 | |
Agrium SP | 1,278.5 | |
Cargill | 250.6 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Hay and stockfeed wholesaling, Seed and plant stock wholesaling and Livestock wholesaling. Hay and stockfeed wholesaling is the largest segment of the Livestock and Other Agricultural Supplies Wholesaling in Australia.
High rainfall has limited demand for hay and stockfeed wholesaling
Industry operators wholesale livestock (including agent and brokering services), skins and hides, tallow, stock feed, farm supplies, and agricultural products (excluding wool, cereal grains, fruit, vegetables and dairy products). The industry includes wholesalers operated by marketing authorities, but excludes the wholesale of agricultural chemicals such as fertilisers and pesticides, fencing materials, veterinary drugs, machinery, and equipment.
Purchase this report to view all 3 major companies in this industry.
ANZSIC 3319 - Livestock and Other Agricultural Supplies Wholesaling in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Wholesale bypass poses a significant threat to industry revenue. The trend for vertical integration among larger agricultural firms has reduced the need for specialised indus...
Learn about an industry's products and services, markets and trends in international trade.
Livestock and Other Agricultural Supplies Wholesaling industry activities are broadly segmented into farm produce wholesaling and farm supplies wholesaling. Farm produce whol...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The majority of livestock and agricultural supplies wholesalers are located in the eastern seaboard states. New South Wales, Victoria and Queensland account for over three-qu...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The basis of competition differs depending on which sector industry wholesalers are selling to. Most commonly, price, timeliness and quality are the primary points of differe...
Learn about the performance of the top companies in the industry.
Elders is the industry’s most prominent operator. The company’s numerous takeovers of smaller livestock and other agricultural supplies companies have boosted its market shar...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Government regulation in the Livestock and Other Agricultural Supplies Wholesaling industry is light. Most applicable policies or levies are highly specific to the product or...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The scale of production influences operational costs, as larger wholesalers have the greatest total costs but tend to have the lowest average per-unit costs. These businesses...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Livestock and Other Agricultural Supplies Wholesaling industry in Australia is $20.9bn in 2024.
There are 3,831 businesses in the Livestock and Other Agricultural Supplies Wholesaling industry in Australia, which has grown at a CAGR of 0.1 % between 2018 and 2023.
The market size of the Livestock and Other Agricultural Supplies Wholesaling industry in Australia has been growing at a CAGR of 0.9 % between 2018 and 2023.
Over the next five years, the Livestock and Other Agricultural Supplies Wholesaling industry in Australia is expected to grow.
The biggest companies operating in the Livestock and Other Agricultural Supplies Wholesaling market in Australia are Elders, Agrium SP and Cargill
Hay and stockfeed wholesaling and Seed and plant stock wholesaling are part of the Livestock and Other Agricultural Supplies Wholesaling industry.
The company holding the most market share in Australia is Elders.
The level of competition is moderate and increasing in the Livestock and Other Agricultural Supplies Wholesaling industry in Australia.