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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 | May 2015

Steady extraction: Iron ore demand and production will stabilise, boosting industry revenue

IBISWorld’s Iron Ore Mining market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$63bn
Annual Growth 10-15
7.2%
Annual Growth 15-20
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Profit
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Employment
30,300
Businesses
39
Industry Analysis & Industry Trends

Over the five years through 2014-15, Iron Ore Mining industry revenue is expected to increase at an annualised 7.2% to $63.1 billion. Strong economic growth in China increased development and drove greater steel production, fuelling demand for iron ore and contributing to high iron ore prices, particularly in the years prior to 2013-14. However, iron ore prices (denominated in US dollars) started falling in mid-2014 due to global iron ore oversupply, partly offset by a weaker Australian dollar. Overall, relatively high iron ore prices until this time provided an incentive for Australian iron ore mining firms to increase production to benefit from higher Chinese demand. This led to major capacity expansions and large-scale increases in Australia's iron ore output in the past five years... 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 (in most years) and industry profit levels over the past five years, with growth forecast to continue in the next five years. Strong demand from Chinese steel manufacturers has driven this growth, with slightly lower growth rates projected over the next five years. The impact of high prices, supply and demand is expected to lift overall industry performance for the ten years through 2019-20, and also reflects the importance of China as a major market. As a result, industry value added is expected to rise at an annualised 7.2% over the 10 years through 2019-20, compared with 2.7% annualised GDP growth estimated over the same period... 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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