Mineral & Phosphate Mining in Canada - Industry Market Research Report

Mineral & Phosphate Mining in Canada - Industry Market Research Report

Mineral & Phosphate Mining in Canada

Canadian mineral and phosphate mining companies produce a wide variety of nonmetallic mineral products, but are largely dominated by the production of potash. Canada is the world's largest producer and exporter of potash, which is a primary input for fertilizer manufacturers worldwide. Just prior to the current period, in 2016, the price of potash plummeted because of price competition resulting from the breakup of the Belarusian Potash Company, a major exporting business that contributed to the control of global potash markets. Prices for many materials have recovered since then, with mineral and phosphate mining revenue forecast to expand 7.9% in 2023 alone. However, IBISWorld expects overall revenue to shrink at a CAGR of 1.0% to $11.9 billion through the end of 2023.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market