The volume of industry exports has increased over the five years through 2012-13
Melbourne, Australia (PRWEB) September 17, 2012
The Bauxite Mining industry is expected to generate revenue of $2.02 billion in 2012-13, compared with $1.96 billion in 2007-08, yielding growth of 0.6% per year. According to IBISWorld industry analyst M. Williams, “revenue is expected to grow by just 0.2% in 2012-13, as weaker prices largely offset higher levels of output”. Australia is the largest producer of bauxite worldwide, accounting for about 30% of global output. Its bauxite production is expected to be about 76 million tonnes in 2012-13, compared with 63.5 million tonnes in 2007-08.
Most bauxite mined in Australia is processed into alumina locally, but about 9.4 million tonnes, valued at about $249.4 million, is expected to be exported in 2012-13. Imports of bauxite are negligible. The volume of Bauxite Mining industry exports has increased over the five years through 2012-13, but lower US dollar prices for bauxite, combined with a stronger Australian dollar, have kept export values fairly flat. Williams adds “imports of bauxite remain”. There are six establishments and five enterprises involved in the industry, although just three firms (Rio Tinto, Alcoa and BHP Billiton) account for the great bulk of production.
Bauxite Mining industry performance is expected to make moderate gains during the next five years, as production increases in response to recovering global growth and rising aluminium output. Industry revenue is expected to increase over the next five years. Output growth assumes that Rio Tinto proceeds with its South of Embley mine (near Weipa, QLD).
For more information, visit IBISWorld’s Bauxite Mining report in Australia industry page.
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IBISWorld industry Report Key Topics
Firms in this industry mine bauxite, the raw material from which aluminium is produced.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Technology & Systems
Regulation & Policy
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