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 | Apr 2014

While the iron is hot: Revenue rebounds due to high demand from Chinese steelmakers

IBISWorld’s Iron Ore Mining market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 09-14
Annual Growth 14-19
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Industry Analysis & Industry Trends

Over the five years through 2013-14, revenue for the Iron Ore Mining industry is expected to increase at an annualised 14.6% to reach $81.1 billion. Strong economic growth in large emerging nations, such as China and India, has lifted steel production, fuelling demand for iron ore and boosting its price over the past five years. Rising prices have led to capacity expansions and large-scale increases in Australia's iron ore output, particularly from 2011-12 through 2013-14.

Following a large revenue decline in 2012-13 due to price falls, industry revenue is forecast to rebound in 2013-14 by 32.4% on higher iron ore output, low iron ore inventories in Chinese ports, and increased Chinese steel output. This is despite lower prices in January 2014 and subsequent months... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Iron Ore Mining industry has a high concentration level with mines operated by the three largest firms estimated to account for 78.9% of industry revenue in 2013-14, and the four largest estimated at 82.0%. 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 2013-14. To a large extent, the high industry concentration level reflects the large size of individual mines and the importance of economies of scale.

Although the industry is dominated by these large firms, the industry concentration level has declined in the past five years as new firms have entered the industry to gain 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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