Beef Cattle Farming in New Zealand - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Skin and bones: The effects of COVID-19 severely constrained revenue growth

Beef Cattle farmers have faced mixed trading conditions over the past five years. Volatile weather conditions including droughts and floods in key beef cattle farming regions have impacted supply. Nonetheless, increasing demand for beef products from export markets, particularly China, has supported industry revenue growth over the period. However, pandemic restrictions reduced global economic growth and consumption, dampening demand for industry exports. Industry revenue is expected to rise at an average annual rate of 0.1% over the five years through 2023-24, to an estimated $3.7 billion. This includes an anticipated decline of 1.8% in 2023-24, as beef prices fall.

Industry operators primarily farm, breed and graze beef cattle. Firms that primarily operate cattle feedlots or farm mixed livestock are excluded from the industry.

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.