Rock solid: Stabilized prices and increased demand will underpin growth

The Mineral and Phosphate Mining industry in Canada plays a vital role in global agriculture markets. Over the past five years, the price of potash has fallen significantly due to price competition resulting from the breakup of the Belarusian Potash Company, a major exporting business that contributed to the control of global potash markets. While prices for many materials have recovered since then, overall, IBISWorld expects the industry to contract over the five years to 2018. IBISWorld anticipates that the industry will rebound over the five years to 2023. Such growth will likely result from the recent recovery and stabilization in the price of potash and increasing mergers and acquisition activity, enabling the industry's leading operators to pursue cost-saving more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Recent volatility in potash prices has negatively affected industry performance
  • Operators have sought to improve technology and mining techniques to boost profit levels
  • Emerging economies will drive demand for minerals and phosphates used in agriculture
  • Industry Report - Industry Key Buyers Chapter

    The Mineral and Phosphate Mining industry in Canada exhibits a medium level of market share concentration, with the three largest operators in the industry generating almost 70.0% of total industry revenue in 2018. Concentration can be high with regard to any particular industry product. For example, concentration is primarily focused in the potash segment of the industry, as the largest operators control a significant portion of global potash supply. Meanwhile, in the salt mining segment, Compass Minerals is by far the active leader, responsible for the majority of domestic production. Conversely, the wide variety of products produced by this industry ensures that there is diversity among industry operators...purchase to read more.

    Additional Insights for the Mineral & Phosphate Mining Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Mineral & Phosphate Mining Industry are

  • Ability to accommodate environmental requirements
  • Ability to compete on tender
  • Downstream ownership links
  • IBISWorld analysts also discuss how external factors such as Canadian effective exchange rate index and Consumer spending in the Mineral & Phosphate Mining industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Mineral & Phosphate Mining Industry?

    This industry primarily engages in the mining of nonmetals, such as minerals and phosphate. It does not include coal, stone, sand, gravel, clay and ceramic mines.

    Industry Products
  • Potash
  • Diamonds
  • Salt
  • Peat
  • Industry Activities
  • Diamond mining
  • Gypsum mining, quarrying and beneficiating
  • Phosphate rock mining, quarrying and beneficiating
  • Potassium salts and potash mining, quarrying and beneficiating
  • Salt mining
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Canadian effective exchange rate index
  • Consumer spending
  • Demand from crop production
  • Demand from fertilizer manufacturing
  • Value of nonresidential construction

  • Current Performance
  • Potash dependent
  • Profitability
  • International trade
  • Consolidation
  • Chart: Revenue Growth

  • Industry Outlook
  • Potash
  • Increasing industrial demand
  • Trade
  • Profitability
  • Table: Mineral & Phosphate Mining Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Mineral & Phosphate Mining Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting In Canada
  • Manufacturing In Canada
  • Transportation and Warehousing In Canada

  • Key Selling Industries
  • Chemical Wholesaling in Canada
  • Construction & Forestry Equipment Wholesaling in Canada
  • Geophysical Services in Canada
  • Heavy Equipment Rental in Canada
  • Surveying & Mapping Services in Canada
  • Transportation and Warehousing In Canada

  • Products & Services
  • Potash
  • Diamonds
  • Other
  • Salt
  • Peat
  • Chart: Mineral & Phosphate Mining Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Fertilizer for agriculture and household use
  • Industrial
  • Other
  • Construction
  • Chart: Major Market Segmentation for the Mineral & Phosphate 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 Mineral & Phosphate Mining

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Mineral & Phosphate Mining Industry

  • Industry Globalization
    Nutrien Ltd., The Mosaic Company,
  • Table: Nutrien Ltd. - financial performance
  • Table: The Mosaic Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Mineral & Phosphate 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 Mineral & Phosphate Mining Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Price of fertilizer (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A naturally occurring solid chemical substance formed through biogeochemical processes having a characteristic chemical composition, a highly ordered atomic structure and specific physical properties.
  • Nonmetallic Minerals
  • Noncombustible solid rocks or minerals used in industry and construction in natural form or after mechanical, thermal, or chemical processing.
  • Potash
  • The common name for various mined and manufactured salts that contain potassium in water-soluble form.
  • Soda Ash
  • Also known as sodium carbonate. It is used as a water softener and in the manufacture of glass and other products.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Mineral & Phosphate 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.

    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 Mineral & Phosphate 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 Mineral & Phosphate 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 Mineral & Phosphate Mining, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.