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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 | Jan 2016

Pumping iron: Chinese industrialisation and trade agreements drive revenue growth

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
$55bn
Annual Growth 11-16
-3.0%
Annual Growth 16-21
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Profit
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Employment
27,900
Businesses
37
Industry Analysis & Industry Trends

Over the five years through 2015-16, the Iron Ore Mining industry's revenue is expected to decrease at an annualised 3.0% to $55.1 billion. Early in the period, strong economic growth in China increased iron ore mining development and drove greater steel production, fuelling demand for iron ore and contributing to high world iron ore prices. Following a large revenue decline in 2012-13, due to reduced Chinese demand, industry revenue rebounded in 2013-14 on the back of a weaker Australian dollar, higher output, low Chinese inventories and increased Chinese steel output.

However, iron ore prices (denominated in US dollars) started falling in mid-2014 due to a global oversupply... purchase to read more

Industry Report - Industry Analysis Chapter

Industry revenue and demand for iron ore are closely tied to Chinese steel production, the global price of iron ore and the value of the Australian dollar. The largest downstream steel-using industries in China and around the world are construction, motor vehicle manufacturing, shipbuilding, plant and equipment manufacturing, and consumer goods manufacturing. Demand and output changes in some or all of these industries affect steel demand and output, which influences demand for iron ore. As Australia is a major global supplier of iron ore, the performance of its iron ore miners also depends on the volume of ore mined each year. The interplay between the global supply and demand of iron ore helps determine yearly production volumes and world prices... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Iron Ore Mining Industry?

Firms in the industry extract iron ore and iron ore sands, and carry out beneficiation processes to refine the mined ore. The 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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