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 - Industry Investment Chapter
The Salt and Other Mineral Mining industry has a medium capital intensity level. It also has substantial requirements for working capital, reflecting the often-lengthy period between the commencement of production and the availability of output for sale, as well as the need to hold stocks. To calculate the capital intensity level, IBISWorld uses data from the industry cost structure. Depreciation is used as a proxy for capital and wages are used as a proxy for labour. These show that in 2013-14, for each $1.00 invested in capital plant, equipment and vehicles, approximately $3.30 will be required for labour inputs.
The nature of the industry's extracting and processing operations means that mining companies generally use more labour inputs than capital... purchase to read more