$5.1bn
$XXX.Xm
30,050
15,266
$XXX.Xm
Sheep-beef cattle farmers have faced variable conditions over the past few years, including changing weather patterns, downstream demand fluctuations and price movements. These factors have fuelled very high revenue volatility. Revenue plummeted over 2022-23 and 2023-24, as a surging supply of sheep and cattle hit the market and caused prices to fall. Industry revenue is expected to have inched downwards at an annualised 0.5% over the five years through 2024-25, to $5.1 billion. This includes an anticipated surge of 17.4% in 2024–25, as beef and sheep prices climb, elevating sheep-beef cattle farmers’ incomes and profitability.
Industry revenue has declined at a CAGR of 0.5 % over the past five years, to reach an estimated $5.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue ($short_0)
2025 |
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There are no companies that hold a large enough market share in the Sheep-Beef Cattle Farming in Australia industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Beef cattle, Sheep and lambs and Wool. Beef cattle is the largest segment of the Sheep-Beef Cattle Farming in Australia.
Sheep and lamb prices have fluctuated wildly, falling overall due to increased supply
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.
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ANZSIC 0144 - Sheep-Beef Cattle Farming 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.
Falling prices have offset a rise in slaughter volumes in recent years. Following record prices in earlier years, increasing turn-off rates of beef cattle and sheep following...
Learn about an industry's products and services, markets and trends in international trade.
Demand for Australian lamb has increased in overseas markets like China and the United States. Higher export demand boosted saleyard prices for lambs and sheep several years ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
New South Wales accounts for the largest share of sheep-beef cattle farms in Australia. The state's landscape and climate are suited to both beef cattle and sheep farming.
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.
Sheep-beef cattle farmers compete internally on quality. Beef and sheep meat are graded on an internationally recognised system and consumer tastes are becoming more discerni...
Learn about the performance of the top companies in the industry.
No major players operate in the Sheep-Beef Cattle Farming industry. Almost 60.0% of sheep-beef cattle farms earn less than $200,000 per year.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Sheep-beef cattle farmers are subject to strict biosecurity regulations. State and federal governments mitigate the risk of disease outbreaks through strict national quaranti...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit margins for sheep-beef cattle farmers have fluctuated wildly. Farmers faced rising purchase costs, particularly for feed, fertiliser, chemicals and fuel, due to the Ru...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Sheep-Beef Cattle Farming industry in Australia is $5.1bn in 2024.
There are 15,266 businesses in the Sheep-Beef Cattle Farming industry in Australia, which has grown at a CAGR of 1.6 % between 2019 and 2024.
The market size of the Sheep-Beef Cattle Farming industry in Australia has been declining at a CAGR of 0.5 % between 2019 and 2024.
Over the next five years, the Sheep-Beef Cattle Farming industry in Australia is expected to grow.
Beef cattle and Sheep and lambs are part of the Sheep-Beef Cattle Farming industry.
The level of competition is moderate and increasing in the Sheep-Beef Cattle Farming industry in Australia.