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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 | Jan 2017

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

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
$60bn
Annual Growth 12-17
-4.1%
Annual Growth 17-22
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Profit
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Employment
28,300
Businesses
37
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... purchase to read more

Industry Report - Industry Analysis Chapter

The performance of the Iron Ore Mining industry is closely tied to Chinese steel production, the world price of iron ore, domestic iron ore output and the value of the Australian dollar. The largest downstream steel-using industries in China and around the world are construction, motor vehicle manufacturing, shipbuilding, plant and equipment manufacturing, and consumer goods manufacturing. Changes in these industries' demand and output affect steel demand and output, which influences demand for iron ore. Because Australia is a major global supplier of iron ore, the performance of Australian iron ore miners also depends on the volume of ore mined each year. The interplay between the global supply and demand of iron ore helps determine yearly production volumes and world prices... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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 oreIron ore finesIron ore pellets
 
Industry Activities
Iron ore dressing or beneficiatingIron ore miningIron sands mining


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