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Iron Ore Mining in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Iron Ore Mining Market Research Report | ANZSIC B0801 | Jul 2014

Boomtown: Exports have increased rapidly due to thriving Chinese steel production

IBISWorld’s Iron Ore Mining market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$84bn
Annual Growth 10-15
13.5%
Annual Growth 15-20
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Profit
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Employment
32,600
Businesses
127
Industry Analysis & Industry Trends

Over the five years through 2014-15, revenue for the Iron Ore Mining industry is expected to increase at an annualised 13.5% to reach $83.9 billion. Strong economic growth in large nations, such as China and India, has increased steel production, fuelling demand for iron ore and boosting its price over most of the past five years. Rising prices have led to capacity expansions and large-scale increases in Australia's iron ore output, particularly between 2011-12 and 2014-15.

Following a large decline in 2012-13 due to falling prices, industry revenue rebounded in 2013-14 by 25.2%, on the back of higher iron ore output, low iron ore inventories in Chinese ports and increased Chinese steel output. This was despite low prices in January 2014 and in subsequent months... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Iron Ore Mining industry has a high concentration level. Mines operated by the three largest firms are estimated to account for 78.5% of industry revenue in 2014-15, with the four largest estimated at 81.8%. Rio Tinto and BHP Billiton mines are located in the Pilbara region of Western Australia. Fortescue Metals Group is relatively new to the industry and has grown significantly in the five years through 2014-15. To a large extent, the high industry concentration level reflects the large size of individual mines and the importance of economies of scale.

Although these large firms dominate the industry, the level of concentration has declined in the past five years, as new firms have entered the industry and gained market share... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Iron Ore Mining Industry?

Firms in this industry extract iron ore and iron ore sands. This industry also includes businesses that produce sinter and other agglomerates.

Industry Products
Lump oreIron ore finesIron ore pellets
 
Industry Activities
Iron ore dressing or beneficiatingIron ore miningIron sands mining


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