Stable salt: Revenue has grown steadily over the past five years due to rising lithium demand

The Salt and Other Mineral Mining industry's major products are salt, lithium and phosphate minerals. A large proportion of the salt produced by industry operators is exported to chemical product manufacturing plants in Asia, while lithium is also mainly exported. Australia's salt production is expected to total 12.1 million tonnes in 2016-17, down from 13.6 million tonnes in 2011-12, as miners have reduced output in response to low pricing. Despite lower production volumes than other major salt-producing countries, Australia is the world's leading exporter of salt, exporting the bulk of its production. Lithium and phosphate output has increased over the past five years in response to higher export demand. Other important industry products are silica, gypsum and more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Lithium and phosphate output has increased over the period in response to higher export demand
  • Industry salt output has been volatile over the past five years
  • Industry profit is forecast to grow over the period, as revenue and production volumes increase
  • Industry Report - Industry Products Chapter

    The Salt and Other Mineral Mining industry's major products are salt, lithium minerals and phosphate. These minerals are expected to account for more than three-quarters of industry revenue in 2016-17. The balance is from silica, gypsum, magnesite and other non-metallic minerals.SaltMost of the salt harvested by the industry is exported or used by domestic industrial salt manufacturers. Salt production accounts for the largest share of industry revenue. A projected 12.1 million tonnes of salt will be produced in 2016-17. This segment has declined as a share of revenue over the past five years, due to volume declines and low salt prices, and the strong expansion of other industry segments. Pro...purchase to read more.

    Additional Insights for the Salt and Other Mineral Mining Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Salt and Other Mineral Mining Industry are

  • Ability to find new resource deposits
  • Economies of scale
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Trade-weighted index and Demand from basic inorganic chemical manufacturing in the Salt and Other Mineral Mining industry impact industry performance..

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    What's in this report

    What is the Salt and Other Mineral Mining Industry?

    Industry firms harvest salt and mine or quarry non-metallic and related minerals such as phosphate rock, silica, gypsum, magnesite, talc and lithium minerals. Industry firms also carry out some basic processing functions.

    Industry Products
  • Salt
  • Phosphate rock
  • Silica sand
  • Gypsum
  • Magnesite
  • Other minerals
  • Lithium minerals
  • Industry Activities
  • Barite mining
  • Graphite mining
  • Gypsum quarrying
  • Lithium mining
  • Magnesia mining
  • Phosphate rock mining
  • Salt harvesting
  • Silica sand quarrying
  • Talc mining
  • Other non-metallic mineral mining
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Trade-weighted index
  • Demand from basic inorganic chemical manufacturing
  • Demand from building construction
  • Demand from fertiliser manufacturing
  • Demand from glass and glass product manufacturing
  • Demand from plaster product manufacturing

  • Current Performance
  • Revenue and profit growth
  • Volatile pricing and demand
  • Recent mineral activity
  • Industry structure
  • Export trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Salt and lithium growth
  • Other mineral growth
  • Doing more with less
  • Table: Salt and Other Mineral Mining Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Salt and Other Mineral Mining Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Fertiliser Manufacturing
  • Basic Inorganic Chemical Manufacturing
  • Glass and Glass Product Manufacturing
  • Plaster Product Manufacturing

  • Key Selling Industries
  • Contract Mining Services
  • Mining and Construction Machinery Manufacturing
  • Petroleum Product Wholesaling

  • Products & Services
  • Salt
  • Lithium minerals
  • Phosphate rock
  • Silica sand
  • Gypsum
  • Other minerals
  • Magnesite
  • Chart: Salt and Other Mineral Mining Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Export markets
  • Chemical product manufacturers
  • Agricultural product manufacturers
  • Building product manufacturers
  • Other sectors
  • Chart: Major Market Segmentation for the Salt and Other Mineral Mining Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Salt and Other Mineral Mining

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Salt and Other Mineral Mining Industry

  • Industry Globalization
    Rio Tinto Plc - Rio Tinto Limited, Windfield Holdings Pty Ltd, Mitsui & Co (Australia) Ltd, CI Resources Limited,
  • Table: Rio Tinto Plc - Rio Tinto Limited - financial performance
  • Table: Windfield Holdings Pty Ltd - financial performance
  • Table: Mitsui & Co (Australia) Ltd - financial performance
  • Table: CI Resources Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Salt and Other Mineral Mining Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Salt and Other Mineral 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)
  • Salt Output (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Open-Cut Mining
  • A type of surface excavation in the form of an inverted cone, the shape of which varies with the shape of the mineral deposit.
  • Overburden
  • The soil that covers a mineral deposit, which needs to be removed for access.
  • Salt Harvesting
  • The evaporation of salt water in shallow ponds, allowing the salt to be collected.
  • Solar Salt
  • Salt that is harvested from the solar evaporation of seawater across a series of designated concentration ponds.
  • Underground Mining
  • The excavation of ore by digging shafts and access ramps to extract it from beneath the earth's surface.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Salt and Other Mineral Mining market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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    • 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 Salt and Other Mineral 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

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