The forecast for veal and beef production at farm gate in Australia from 2024 to 2028 shows a steady year-on-year increase in value. Starting from 9.29 billion Euros in 2024, the value continues to rise each year, reaching 9.87 billion Euros by 2028. Compared to the value in 2023, this shows a consistent upward trend. Annually, the production value increases by approximately 1.6% to 1.7%. Over the forecasted five-year period, the Compound Annual Growth Rate (CAGR) is around 1.6%, indicating a healthy growth trend for the industry.
Future trends to watch for include potential impacts of climate change on cattle farming, variations in consumer demand for beef and veal, and possible shifts in trade policies that could affect export markets.
