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Sheep Farming in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Sheep Farming Market Research Report | SIC A01.450 | Dec 2016

Badly insulated: Wool has become a more important product due to volatile meat prices

IBISWorld’s Sheep Farming market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£1bn
Annual Growth 12-17
-0.2%
Annual Growth 17-22
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Profit
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Employment
60,984
Businesses
28,161
Industry Analysis & Industry Trends

The UK Sheep Farming industry has been subject to volatile conditions over the five years through 2016-17. In the beginning of the five-year period revenue fell as a result of decreased demand from major markets. In 2012-13 industry revenue contracted due to a sharp fall in the domestic price of sheep meat as increased import penetration resulted in low market prices. Since then, market prices have remained low and farmers have struggled to capture sustainable shares of retail prices, as supermarkets have maintained their dominance within the supply chain. Since then healthier demand for high-quality and organic red meats have supported revenue... purchase to read more

Industry Report - Industry Investment Chapter

The Sheep Farming industry has a moderate level of capital intensity. Wages are used as a proxy for labour, whereas depreciation is used as a proxy for capital. In the current year wages are estimated to account for 22.5% of industry revenue while depreciation is estimated to account for 6.3% of industry revenue. The capital to labour ratio in 2016-17 is estimated to be 1:3.63. Indicating that for every £1.00 spent on capital, £3.63 is spent on labour. Land represents the largest capital input as sheep farmers require a substantial area of land in a suitable location. Sig.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Sheep Farming Industry?

Businesses 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.

Industry Products
Wool Lambs for slaughterRaw sheep and goats milkSheep and goats for slaughterSheep sold for other purposes
 
Industry Activities
Lamb raisingSheep farmingGoat farmingWool production


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