Fertiliser Manufacturing in Australia Industry Market Research Report Now Updated by IBISWorld
Melbourne, Australia (PRWEB) July 19, 2013 -- With a history dating back to the 1860s, the Fertiliser Manufacturing industry plays an essential role in ensuring that the nation's agricultural production systems are both economically efficient in the short term and sustainable in the long term. The industry supplies a range of phosphorus, nitrogen, potassium and sulphur fertilisers and a growing mix of high analysis blends and trace elements. One of the key product groupings is nitrogen-based fertiliser products (including ammonium phosphates and urea). According to IBISWorld industry analyst Arna Richardson, “nitrogen-based products were applied to over half of all fertilised agricultural land in 2011-12.”
The industry is characterised by its variable performance, reflecting its reliance on the local farm economy on the one hand and imported product and global fertiliser prices on the other. This means that industry players are vulnerable to external shocks including adverse weather conditions. “Any marked volatility in global fertiliser prices in response to changing global demand and supply imbalances can also have a significant effect on the industry,” says Richardson. The industry is moderately concentrated, reflecting the limited number of participants. The two top players are Wesfarmers Limited and Incitec Pivot Limited.
After suffering in previous years due to widespread drought conditions, industry revenue is expected to post a slight decline of 0.6% in 2013-14 as global fertiliser prices remain soft. Revenue is forecast to total $4.0 billion in 2013-14, only slightly below levels recorded five years earlier following an annualised decline of 0.4%. Over the same period, domestic demand is expected to grow by a sluggish annualised 0.5% to reach $5.3 billion, reflecting the significant role that imports play in the industry. Any continued volatility in world prices for fertiliser products may affect the performance of industry participants. Climate change will also influence the Fertiliser Manufacturing industry over the next five years. The Agriculture subdivision is an integral part of the climate change equation, so there will be an increased focus on the role of crop production (and associated products) in increasing agricultural yields, reducing carbon emissions and conserving natural resources.
For more information, visit IBISWorld’s Fertiliser Manufacturing report in Australia industry page.
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IBISWorld industry Report Key Topics
Companies in this industry manufacture or mix fertilisers, including those based on the three major plant nutrients (phosphorous, nitrogen and potassium), and organic fertilisers, including those derived from bonemeal and animal by-products.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
International Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalisation
Major Companies
Operating Conditions
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.
Gavin Smith, IBISWorld, 310-490-5973, [email protected]
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