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 SWOT Analysis Chapter
The Iron Ore Mining industry is in the growth phase of its life cycle. This is due to high global iron ore prices and industry profit levels over the past five years, with growth forecast to continue in the next five years. The impact of high prices and demand is expected to lift overall industry performance for the ten years through 2019-20, and also reflects the emergence of China as a major market. As a result, industry value added is expected to rise at an annualised 8.4% over the 10 years through 2019-20, compared with 2.7% annualised GDP growth estimated over the same period.
Industry production volumes have also grown, but at a slightly slower pace of 7.3% annualised over the 10 years through 2019-20... purchase to read more