Sheep farmers were hit hard during the initial COVID-19 outbreak as lamb and wool sales to the hospitality sector plummeted in 2020, with lamb's wool rugs, blankets and bedding. Even though meat sales to grocery stores rose as consumers cooked at home, the drop in sales to hospitality and food processors meant that revenue slumped overall. Sheep farmers have also faced strong import competition for lamb and mutton from New Zealand and Australia.Shedding revenue: New export regulations are hiking costs for farmers, denting revenue
Operators in this industry raise and breed sheep and goats. Farmers in the industry are also involved in wool production. The industry excludes the processing of meat or milk.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
About this Industry- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
Industry Performance
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Major Markets
- Globalisation & Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Barriers to Entry
Operating Conditions
- Capital Intensity
- Industry Data
- Annual Change
- Key Ratios
Methodology
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