Iron Ore Mining in Australia - Market Research Report

Iron Ore Mining industry trends (2014-2019)

poll Average industry growth 2014–2019: -0.9%

The Iron Ore Mining industry has benefited from rising prices and higher production volumes over the past five years. As a result, industry revenue is expected to increase at an annualised 1.1% over the five years through 2019-20, to $81.2 billion. This trend includes an anticipated 2.6% fall in the current year, due to a decline in iron ore prices. Strong economic growth in China over the past decade has driven developments in Australian iron ore mining to meet Chinese demand for greater steel production. This trend fuelled higher world iron ore prices, which are denominated in US dollars. Iron ore prices began declining in mid-2014 due to a global iron ore oversupply. Prices have since recovered in subsequent years. Industry revenue and profit dro...
lock
Purchase this report or a membership to unlock our full summary for this industry.

Iron Ore Mining industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

Demand trends for steel, iron ore output, global iron ore prices and the value of the Australian dollar are projected to heavily influence the Iron Ore Mining industry's performance over the next five years. Global economic conditions are anticipated to remain stable over the period, while demand for steel and iron ore production is projected to increase. Industry firms are forecast to open new operations and expand existing mines over the next five years, boosting output. However, higher production volumes are anticipated to contribute to a marginal decline in the world price of iron ore over the period. Australia's iron ore export volumes are projected to remain high over the next five years, with a weaker Australian dollar increasing export values...
lock
Purchase this report or a membership to unlock our full summary for this industry.

Iron Ore Mining industry statistics

  • attach_money Market Size: $83bn
  • business Number of Businesses: 89
  • poll Average Industry Profit Margin: x.x%
    lock
    Purchase this report or a membership to unlock the average company profit margin for this industry.
  • supervisor_account Industry Employment: 30,000

Biggest companies in the Iron Ore Mining industry

The companies holding the largest market share in the Iron Ore Mining in Australia industry include Rio Tinto Plc - Rio Tinto Limited, BHP Group Limited, Fortescue Metals Group Limited and Hancock Prospecting Pty Limited.

  • pie_chart Rio Tinto Plc - Rio Tinto Limited Market Share: x.x%
    lock
    Purchase this report or a membership to unlock our full summary for this industry.
  • pie_chart BHP Group Limited Market Share: x.x%
    lock
    Purchase this report or a membership to unlock our full summary for this industry.
  • pie_chart Fortescue Metals Group Limited Market Share: x.x%
    lock
    Purchase this report or a membership to unlock our full summary for this industry.
  • pie_chart Hancock Prospecting Pty Limited Market Share: x.x%
    lock
    Purchase this report or a membership to unlock our full summary for this industry.

What is Iron Ore Mining industry?

Industry Definition

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 and Services

  • Lump ore
  • Iron ore fines
  • Iron ore pellets
  • All Others

Industry Activities

  • Iron ore dressing or beneficiating
  • Iron ore mining
  • Iron sands mining

Market research report - table of contents

Industry Definition

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.

Main Activities

  • Iron ore dressing or beneficiating
  • Iron ore mining
  • Iron sands mining

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

The balance between supply and demand in world markets influences the world price for iron ore, which is measured in US dollars). When the world price of ...
lock
Purchase this report or a membership to unlock the full breakdown of the key external drivers in this industry.
World price of iron ore
US dollars per Australian dollar
Demand from iron smelting and steel manufacturing
Domestic price of iron and steel

Current Performance

Boom times return
International trade
 Chart: Revenue Growth

Industry Outlook

Output growth
Industry expansion
 Table: Iron Ore Mining in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Iron Ore Mining in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Iron Smelting and Steel Manufacturing in Australia






Key Selling Industries

Contract Mining Services in Australia
Metal and Mineral Wholesaling in Australia
Port Operators in Australia
Water Freight Transport in Australia



Products & Services

Companies in the Iron Ore Mining industry produce a narrow range of products. Industry firms mainly mine iron ore and produce iron ore concentrate through...
Domestic iron and steel manufacturers
Japanese steel manufacturers
South Korean steel manufacturers
Other foreign steel manufacturers


Demand Determinants

Iron ore is mainly used as the primary input in iron and steel production. Demand for iron ore therefore heavily depends on steel production volumes. Smal...
lock
Purchase this report or a membership to unlock the full analysis of the demand determinants in this industry.

Major Markets

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 in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Iron Ore Mining industry is highly concentrated. The four largest industry firms are expected to account for 84.8% of industry revenue in 2019-20. All...
lock
Purchase this report or a membership to unlock the full analysis of the market share concentration in this industry.

Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Iron Ore Mining in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Iron Ore Mining in Australia - Market Research Report Industry

Industry Globalization

Rio Tinto Plc - Rio Tinto Limited (Rio Tinto) is headquartered in London and has an Australian head office in Melbourne. The company's main operations occ...
lock
Purchase this report or a membership to unlock the full analysis of the major players in this industry.

Rio Tinto

 Table: Rio Tinto - financial performance

BHP

 Table: BHP - financial performance

Fortescue Metals Group

 Table: Fortescue Metals Group - financial performance

Hancock Prospecting

 Table: Hancock Prospecting - financial performance

Capital Intensity

The Iron Ore Mining industry is highly capital-intensive, with depreciation expenses on capital equipment accounting for a significant share of industry r...
lock
Purchase this report or a membership to unlock the full analysis of the capital intensity of this industry.
 Chart: Level of Capital Intensity for the Iron Ore Mining in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Iron Ore Mining in Australia Industry

Industry Revenue (2007-2026)
Industry Gross Product (2007-2026)
Establishments (2007-2026)
Businesses (2007-2026)
Employment (2007-2026)
Exports (2007-2026)
Imports (2007-2026)
Wages (2007-2026)
Iron Ore Output (2007-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

BENEFICIATION

FINES

IRON ORE PELLETS

LUMP ORE

SINTER

Purchase to Read Full Report

100% Money Back Guarantee Digicert Trusted

Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Iron Ore Mining industry?

IBISWorld industry market research reports enable you to:

  • Find out about key industry trends
  • Identify threats and opportunities
  • Inform your decisions for marketing, strategy and planning
  • Quickly build competitive intelligence

This report on Iron Ore Mining in Australia:

  • 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 in Australia 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 in Australia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

Trusted by More Than 10,000 Clients Around the World

  • IBISWorld client - VISA
  • IBISWorld client - ADP
  • IBISWorld client - Deloitte
  • IBISWorld client - AMEX
  • IBISWorld client - Bank of Montreal
clear