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 Analysis Chapter
A wide range of minerals are mined within the industry. These vary from salt harvested within designated ponds and used for chemical and food manufacturing, to phosphate used to make fertiliser and silica used to make glass for windows. Due to the wide range of industry products and large variety of downstream buyers, industry revenue volatility tends to be moderate from year to year.
Revenue and profit decline
Salt and Other Mineral Mining industry revenue has declined over the five years through 2014-15, with revenue decreasing at an annualised 0.7% to $940.1 million. This decline has mainly been driven by lower salt prices over the past five years, despite large volume growth over this time... purchase to read more