Industry Analysis & Industry Trends
The industry’s major product is salt. A large proportion of the salt collected is exported to chemical product manufacturing plants in Asia. Australia’s salt production is expected to total 15.3 million tonnes in 2014-15, up from 11.8 million tonnes in 2009-10 as output increased due to declining sales prices. Australia’s salt output accounted for an estimated 5.0% of approximately 305 million tonnes in global salt output in 2013-14. Although Australia’s salt production ranks behind that of major producing countries, 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... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in a mature phase of its life cycle due to some volume growth offsetting lower prices and general industry revenue declines in the past five years. Although some industry product volumes increased in the past five years, such as salt, lower prices resulted in lower industry revenue levels through 2014-15. Industry value added, which is industry's contribution to national GDP, is expected to increase at an annualised 0.6% over the decade ending 2019-20. This is in contrast to estimated GDP growth over the same years of 2.7% per annum.
Also characteristic of a mature industry is moderate product or technological innovation. There has only been limited new product development or technological advancement in the past five years to assist in industry growth... purchase to read more