Sheep Farming in New Zealand - Industry Market Research Report

Sheep Farming in New Zealand - Industry Market Research Report

Sheep Farming in New Zealand

The Sheep Farming industry's performance has been volatile. However, revenue has only dwindled slightly. Farmgate prices for both lamb and mutton have risen, supporting local sheep farmers. However, sheep meat production has fallen, driven in part by a decrease in domestic sheep meat consumption. Additionally, both wool prices and production volumes have fallen. Industry revenue is expected to decrease at an annualised 0.1% over the five years through 2022-23, to $2.5 billion. Revenue is anticipated to rise by 5.2% in 2022-23, supported by rising lamb and wool prices and recovering overseas demand for sheep meat, following the pandemic's negative effects on downstream meat exports over the two years through 2021-22.

Industry operators primarily farm sheep for their meat and wool. Operators that farm both sheep and beef cattle 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.