Industry Analysis & Industry Trends
The industry's major product is salt. 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. 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 estimated to generate revenue of $859.3... purchase to read more
Industry Report - Starting a New Business Chapter
Although entry barriers to the industry vary according to the product being mined, these are generally at a high level. Barriers to entry to the salt mining segment are high due to the process being extremely land-intensive, with most existing producers having close links with downstream salt processing and manufacturing companies. A new entrant would face the difficult task of gaining customers from a wholly-owned or partly-owned producer. Salt is generally produced to customer specifications, requiring considerable expertise to fulfil these requirements. Also, the lag between establishing an operation and the harvesting and sale of salt is considerable (over 12 months), requiring substantial sums of working capital... purchase to read more