Heavy metal: Australia's iron ore production volumes and exports are expected to rise

IBISWorld’s Iron Ore Mining market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.


Industry Threats & Opportunities

  • A weak Australian dollar and higher mining volumes will support current year industry revenue
  • Australian iron ore production and export volumes have increased rapidly over the period
  • Industry iron ore production volumes and exports are forecast to rise over the next five years

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    Industry Analysis & Industry Trends

    The Iron Ore Mining industry's revenue is expected to decrease at an annualised 4.1%, to $59.7 billion over the five years through 2016-17. Early in the period, strong economic growth in China increased iron ore mining development and drove greater steel production. This fuelled demand for iron ore and contributed to high world iron ore prices. Industry revenue declined in 2012-13, due to higher global iron ore supply and reduced demand from China. However, industry revenue rebounded in 2013-14, on the back of a weaker Australian dollar, higher output, low Chinese inventories and increased Chinese steel output. While iron ore volumes are projected to increase at an annualised 12.1% in the five years through 2016-17, pricing falls pushed industry revenue lower...

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    Industry Report - Starting a New Business Chapter

    Barriers to entry into the Iron Ore Mining industry are high. Large amounts of required capital are typically in the hundreds of millions of dollars to establish a new mine or acquire existing operations. Hancock Prospecting is building and extending its own rail network to transport iron ore to processing plants and its own port facilities for its Roy Hill mine. The cost of this type of infrastructure creates large entry barriers for firms with limited financial assets.

    New entrants require long-term supply contracts to gain some security, with the main iron ore buyers now based in China. This requires demonstrating to buyers that the ore mined will be of suitable quality and that long-term supply can be guaranteed. The..

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    Additional Insights for the Iron Ore Mining Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Iron Ore Mining Industry are

  • Availability of resource
  • Effective cost controls
  • Downstream ownership links
  • IBISWorld analysts also discuss how external factors such as World price of iron ore and US dollars per Australian dollar in the Iron Ore Mining industry impact industry performance..

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    Industry Products

    What is the Iron Ore Mining Industry?

    Industry firms 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 ore
    Iron ore fines
    Iron ore pellets
    Industry Activities
    Iron ore dressing or beneficiating
    Iron ore mining
    Iron sands mining

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • World price of iron ore
  • US dollars per Australian dollar
  • Demand from iron smelting and steel manufacturing
  • Domestic price of iron and steel
  • World price of steel

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Iron Ore Mining Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Iron Ore Mining Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Iron Smelting and Steel Manufacturing

  • Key Selling Industries
  • Contract Mining Services
  • Fossil Fuel Electricity Generation
  • Metal and Mineral Wholesaling
  • Petroleum Refining and Petroleum Fuel Manufacturing
  • Port Operators
  • Rail Freight Transport
  • Water Freight Transport

  • Products & Services
  • Iron ore fines
  • Lump ore
  • Iron ore pellets
  • Chart: Iron Ore Mining Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Chinese steel manufacturers
  • Domestic iron and steel manufacturers
  • Japanese steel manufacturers
  • South Korean steel manufacturers
  • Other foreign steel manufacturers
  • Chart: Major Market Segmentation for the Iron Ore Mining Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Iron Ore Mining

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Iron Ore Mining Industry

  • Industry Globalization
    Major Companies
    Rio Tinto Plc - Rio Tinto LimitedBHP Billiton LimitedFortescue Metals Group Limited
  • Table: Rio Tinto Plc - Rio Tinto Limited - financial performance
  • Table: BHP Billiton Limited - financial performance
  • Table: Fortescue Metals Group Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Iron Ore Mining Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Iron Ore Mining Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Iron Ore Output (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • Basic processes that extract minerals from a mined ore.
  • Fines
  • Iron ore particles smaller than 6.0 millimetres.
  • Iron Ore Pellets
  • Marble-sized balls of an iron ore and clay mixture, baked in a large furnace.
  • Lump Ore
  • Iron ore particles sized between 6.0 millimetres and 35 millimetres.
  • Sinter
  • The compacting of iron ore to form a solid mass and to aid in further processing. Similar to pellets and briquettes.
  • Why buy this report?

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    • Identify threats and opportunities
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    This report on Iron Ore Mining:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Iron Ore Mining market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Iron Ore Mining, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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