Industry Analysis & Industry Trends
The industry weathered a volatile revenue performance over the past five years. Ultimately, though, tremendous price spikes prior to and following the recession offset any declines that occurred over the period. Over the next five years, surging demand from emerging countries will keep demand for iron ore at its current highs, spurring mining companies to ramp up production to capitalize on growing revenue and profit opportunities... read more
Industry SWOT Analysis
Global iron ore production is rising rapidly, with increases in production outstripping GDP growth over the 10 years to 2019. Price increases well above inflation levels are also projected to produce particularly strong growth in industry value added (IVA), which measures the industry's contribution to the economy. Over the 10 years to 2019, IVA is expected to increase at an annualized rate of 10.8%. In comparison, world GDP is expected to increase at an average annual rate of 3.6%; therefore, the industry is growing as a share of the global economy.
The growth represents the emergence of China as a major new market... read more