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 - Industry Products Chapter
The Salt and Other Mineral Mining industry's major products are salt, phosphate rock, silica, gypsum, talc and magnesia minerals. Salt production generates the largest share of industry revenue, followed by phosphate rock and silica. A range of other products, including gypsum, magnesia minerals and talc, each account for small shares of industry output. Shifts in product prices can have a marked effect on product segmentation. For example, the share of phosphate rock fell sharply in 2009-10, when prices for the mineral slumped during the global financial crisis. Its share subsequently rebounded as prices recovered... purchase to read more