Industry Analysis & Industry Trends
The industry's major product is salt, most of which is exported to chemical plants in Asia. Australia's salt production is expected to be about 11.8 million tonnes in 2012-13, compared with global output of about 290 million tonnes. Although Australia is not a major salt producer, ranking behind the major producers, it is the world's largest exporter of salt. Unlike most other producers, Australia exports the bulk of its salt production. Other important industry products are silica, gypsum, magnesia minerals, talc and phosphate rock.
The industry is forecast to generate revenue of $742.1 million in 2012-13, compared with $632.1 million in 2007-08, yielding growth of 3.3% per annum over the five-year period. Industry revenue is expected to expand by 1.9%... purchase to read more
Industry Report - Starting a New Business Chapter
The nature of barriers to entry to the Salt and Other Mineral Mining industry vary according to the type of product being mined, but in general are high.
Barriers to entry to the salt industry are also high and take a number of forms. First, the process is extremely land-intensive. Second, most existing producers have close links with the end-users of the salt they produce. A new entrant would face the difficult task of convincing customers to shift purchases away from a wholly-owned or partly-owned producer. Third, salt must generally be produced to the customers' specifications, requiring considerable expertise is necessary to fulfil this requirement... purchase to read more