Industry Analysis & Industry Trends
Australia dominates world output of the major mineral sands. In 2013-14, its mineral sands production is expected to be about 500,000 tonnes of synthetic rutile, 450,000 tonnes of rutile, 1.4 million tonnes of ilmenite, 900,000 tonnes of zircon and 40,000 tonnes of leucoxene. Exports are expected to account for almost half of this production, sold mainly to pigment manufacturers although zircon is primarily sold to producers of refractory bricks (used in metal smelting operations). The largest export market is China.
The Mineral Sand Mining industry is expected to generate revenue of $2.4 billion in 2013-14, up from $1.8 billion in 2008-09, resulting in an annualised increase of 5.8% over the past five years... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Mineral sand mining has the characteristics of a growth industry. This is due to strong industry revenue growth in the past five years. Further, industry value added, which is the industry's contribution to national GDP, is estimated to increase at an annualised rate of 6.3% in the 10 years through 2018-19. This is more than twice the growth rate of Australia's GDP over the same period at an estimated 2.6%. The industry's high value added growth is also due to high profit margins.
The bulk of production is accounted for by well-established industry operations. However, production volumes are quite volatile and have generally declined in the past five years... purchase to read more