Australia is home to about 76 million sheep. Historically, the Sheep Farming industry's biggest share of revenue has come from producing wool. While many farmers shifted their operations from wool growing to meat production over the past five years, wool remains the industry's number one source of revenue. As demand from Asian markets for premium wool products has grown, the industry has benefited. High prices for superfine wool (18.5 micron and finer) helped the industry perform particularly well in 2010-11, with revenue growing 14.5% over the twelve months. Overall, wool prices have recovered from depths of 2008-09 and helped boost the profit margins of sheep farmers.
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.