By Tim McRae - Auctionsplus
The Australian lamb industry over the past two decades has been a standout performer across the agricultural landscape. From a rising star in the early 2000’s, the value of the industry has consistently increased year-on-year, underpinned by a determined focus on meat quality and optimising the consumer experience – both in Australia and through export markets.
Utilising ABARES gross value of production data for the past two decades, the growth of the lamb industry comparatively has been outstanding. Valued at only A$776 million in 2000-01, the lamb industry gross value of production is estimated to be worth $3.6 billion in 2020-21 – an absolute growth of 364% over the two decades. Comparatively, the value of beef over the same period has risen 110%, sheep 171%, poultry 173%, while milk has experienced much flatter growth, at 39% (see figure 1).
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