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 Analysis Chapter
The Salt and Other Mineral Mining industry has declined over the five years through 2013-14, with revenue decreasing at an annualised 3.2% to $859.3 million. This trend is mainly due the high price of phosphate in 2008-09, when strong global demand growth resulted in a surge in industry revenue. This was followed by three years of revenue declines as phosphate prices slumped and salt prices declined at a slow rate. Industry profit is forecast to have declined over the past five years due to these pricing falls. IBISWorld expects industry profit will account for 21.1% of industry revenue in 2013-14, down from 33.9% in 2008-09. Industry revenue is expected to increase by 3.5% in 2013-14, mainly due to rising salt production and higher prices during the year... purchase to read more