$4.9bn
$XXX.Xm
45,343
15,723
$X.Xbn
The Shearing, Cropping and Agricultural Support Services industry's performance relies on demand from the farming sector, particularly cattle, sheep and grain industries. That's why fluctuations in production volumes and prices of agricultural produce expose the industry to demand volatility. Many downstream farms have sought to improve operating efficiencies and increasingly consolidated, outsourcing non-essential functions to industry support service providers, benefiting industry businesses.The Agriculture subdivision has faced volatile conditions. Severe drought and extreme weather events significantly reduced agricultural sector revenue in 2019-20. Many crop-growing industries were severely impacted, hindering demand in the cropping services segment. The national cattle herd also shrunk to its smallest size in 2019-20 in over three decades. Industry businesses that rely on demand from the livestock farming sector also faced a challenging environment. These trends were reversed over the two years through 2021-22 as rainfall patterns improved and her rebuilding activity allowed for a significant expansion in livestock numbers. Rising foreign demand for agricultural goods (beef and dairy) also provided opportunities for industry expansion. Overall, revenue has grown at an annualised 4.6% over the past five years and is expected to total $4.9 billion in 2023-24, when revenue will tank by an estimated 5.0%. This can be attributed to drier conditions in 2023-24 constraining agricultural output and boosting livestock turn-off rates.The industry is set to expand over the next few years. Greater crop output will encourage the Agricultural sector to employ industry support services. This trend will help boost demand for related cropping services. Nonetheless, rainfall and weather conditions will remain volatile, constraining revenue growth. Downstream farms will also continue consolidating to improve operating efficiencies. Larger farm sizes will call for higher value agricultural support services, boosting profit margins. Revenue is forecast to increase at an annualised 1.2% over the five years through 2028-29 to total an estimated $5.2 billion.
Industry revenue has grown at a CAGR of 4.6 % over the past five years, to reach an estimated $4.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($short_0)
2024 |
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There are no companies that hold a large enough market share in the Shearing, Cropping and Agricultural Support Services in Australia industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Cropping services, Livestock services and Shearing and crutching services. Cropping services is the largest segment of the Shearing, Cropping and Agricultural Support Services in Australia.
Above-average rainfall has boosted demand for cropping services
Industry businesses primarily provide services to the agriculture sector, including aerial agricultural services, shearing, contract crop harvesting and animal testing. The industry excludes agistment services.
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ANZSIC 0522 - Shearing, Cropping and Agricultural Support Services 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.
Improving rain patterns following the severe drought have driven operators’ performance. Wetter conditions have boosted demand for agricultural support services and revenue.
Learn about an industry's products and services, markets and trends in international trade.
Improving pasture conditions following wetter conditions have constrained livestock turn-off rates. This trend has shrunk demand for marketing and handling services.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Industry support service providers are usually located close to downstream farms. Significant agricultural activity in the eastern seaboard makes New South Wales, Victoria an...
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.
Industry businesses face significant price competition. Intense competition among similar agricultural support service providers encourages price-cutting activity to gain mar...
Learn about the performance of the top companies in the industry.
The Shearing, Cropping and Agricultural Support Services industry has no major companies. The industry is highly fragmented because of its diversity, consisting of several sm...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Demand highly depends on the Agricultural sector’s production volumes, which rely heavily on annual rainfall trends. Drier conditions in 2023-24 are expected to reduce revenu...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Skyrocketing agricultural production following wetter-than-average conditions has significantly benefited industry businesses. Higher production has translated to greater pro...
Including values and annual change:
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Key data sources in Australia include:
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The market size of the Shearing, Cropping and Agricultural Support Services industry in Australia is $4.9bn in 2024.
There are 15,723 businesses in the Shearing, Cropping and Agricultural Support Services industry in Australia, which has grown at a CAGR of 3.6 % between 2019 and 2024.
The market size of the Shearing, Cropping and Agricultural Support Services industry in Australia has been growing at a CAGR of 4.6 % between 2019 and 2024.
Over the next five years, the Shearing, Cropping and Agricultural Support Services industry in Australia is expected to grow.
Cropping services and Marketing and handling services are part of the Shearing, Cropping and Agricultural Support Services industry.
The level of competition is high and steady in the Shearing, Cropping and Agricultural Support Services industry in Australia.