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Salt and Other Mineral Mining in Australia Industry Market Research Report Now Updated by IBISWorld
  • USA - English


News provided by

IBISWorld

May 06, 2014, 16:00 ET

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IBISWorld Market Research
IBISWorld Market Research

Growth will also be due to some increases in industry exports and weaker competing imports.

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Melbourne, Australia (PRWEB) May 07, 2014 -- Salt is the major product of the Salt and Other Mineral Mining industry in Australia. A large proportion of the salt is exported to chemical product manufacturing plants in Asia. Australia's salt production is expected to total 13.6 million tonnes in 2013-14, up from 11.3 million tonnes in 2008-09 due to increased output as final prices declined. Australia's salt output is estimated to account for 4.7% of global salt output in 2013-14, at approximately 290 million tonnes. According to IBISWorld industry analyst Alen Allday, “although Australia's salt production ranks behind that of the major producers, it is the world's largest exporter of salt.” Unlike most other salt-producing countries, Australia exports the bulk of its salt production. Other important industry products are phosphate, silica, gypsum and magnesite.

The industry is expected to generate revenue of $859.3 million in 2013-14, down from $1.0 billion in 2008-09 when phosphate and other mineral prices had surged. This overall revenue decline represents an annualised fall of 3.2% over the past five years, despite an expected growth of 3.5% in 2013-14 due to higher volumes and prices, particularly for salt. The output of other key products is expected to increase slightly in 2013-14 in response to higher domestic and foreign demand. “In particular, the output of mineral commodities such as silica and gypsum will increase at a steady rate during the year due to increased residential construction activity,” says Allday. The industry exhibits medium level of market share concentration. Major players include Rio Tinto Plc – Rio Tinto Limited, Phosphate Resources Limited, Incitec Pivot Limited and CK Life Sciences Pty Ltd.

International trade is substantial for the Salt and Other Mineral Mining industry. A high proportion of the industry's output is exported, although there are also large imports of phosphate rock and talc. Industry exports are expected to generate approximately 43.7% of industry revenue in 2013-14, up from 42.5% over the past five years, as export values decrease at a slower rate than industry revenue declines. Competing salt and other mineral imports are estimated to make up for 17.4% of local demand in 2013-14, with large falls in the past five years as domestic output increased. Industry performance is expected to improve over the five years through 2018-19, as salt and phosphate mining and output increase, and as prices firm in response to stronger demand. This growth will also be due to some increases in industry exports and weaker competing imports.

For more information, visit IBISWorld’s Salt and Other Mineral Mining report in Australia industry page.

Follow IBISWorld on Twitter: http://twitter.com/#!/ibisworldau.

IBISWorld industry Report Key Topics
Firms in the industry harvest salt and mine or quarry non-metallic minerals such as phosphate rock, silica, gypsum, magnesite and talc.

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, http://www.ibisworld.com.au, +61 396553833, [email protected]

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