The Australian thoroughbred breeding industry contributes nearly $1.68 billion annually to the Australian economy and provides full-time employment for over 9,000 people, predominantly in rural and regional areas. Nationally, there are more than 6,000 active breeders, with over 40% indicated having increased their involvement in the sector between 2019 and 2022. Over 33,000 individuals are actively engaged in the Australian thoroughbred breeding industry as breeders, employees, or volunteers. In 2022-23, an estimated 19,454 broodmares were covered resulting in 12,585 live foals.
This research supports future industry planning, highlighting the economic benefits of the Australian thoroughbred breeding sector. It provides market research to quantify the size and scope of the Australian thoroughbred breeding industry and its direct financial contribution to the Australian economy. More than 62% of this impact occurs in New South Wales, particularly in the Hunter Valley region, which generates over $750 million in economic contribution alone. Victoria accounts for more than 20% of this impact, with the Goulburn and North East regions generating most of the economic contribution for the state.
The thoroughbred breeding industry in Australia is estimated to generate $93.3 million in bloodstock exports for racing purposes. New Zealand (44%) and Hong Kong (25%) are the primary beneficiaries of almost three-quarters of Australian bloodstock exports for racing purposes. It is estimated that 23% of thoroughbred horses exported were for breeding purposes, with 79% of breeding bloodstock exported to New Zealand.
The AgriFutures Thoroughbred Horses Program is funded by statutory levies paid by industry participants and industry contributions. Eligible expenditure is matched 50 cents per dollar by the Australian Government, subject to the availability of Commonwealth matching funding.