Australia is home to about 68 million sheep. Historically, the Sheep Farming industry produced mainly wool, and wool production still comprises the largest share of industry revenue. However, over the past 10 years, increased lamb prices in conjunction with declining wool returns have caused more sheep farmers to shift from wool to meat. Another trend affecting the structure of the industry is the decline in sheep numbers. The effect of drought and high prices for slaughter lambs have eaten into flock size. Sheep numbers fell at an annualised 7.6% over the five years through 2009-10.
This industry consists of farms that are primarily engaged in sheep farming. Sheep are farmed for their meat and wool.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.