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 SWOT Analysis Chapter
The industry is in a decline phase of its life cycle due to general industry revenue declines in the past five years due to lower mineral pricing levels. Although some industry product volumes increased in the past five years, such as salt, lower prices resulted in lower industry revenue levels through 2013-14. Also characteristic of a declining industry is limited product or technological innovation. There has been no major new product development or technological advancement in the past five years to assist in industry growth. In addition, the number of mining companies in the industry has declined at a steady rate in the past five years as pricing levels generally fell and as some unprofitable and unviable companies exited the industry... purchase to read more