Industry Analysis & Industry Trends
The Salt Extraction industry has been subject to a great deal of volatility over five years through 2015-16. Severe winter weather conditions drove peaks in industry revenue because demand for rock salt to de-ice roads was high. Other products, including white salt and brine, fared worse over much of the period. This was primarily caused by poor economic conditions damaging demand from inorganic chemical production, which is a major market for these products. Britain's supply of salt fell short during periods of extreme weather, causing imports to grow considerably, although warmer weather curtailed this during the middle of the period. Imports are expected to satisfy more than one-third of domestic demand in 2015-16... purchase to read more
Industry Report - Industry Investment Chapter
The Salt Extraction industry has a high level of capital intensity. For every £1.00 spent on capital, an estimated £1.72 is spent on wages. The industry's extractive and processing operations rely on access to land and the use of heavy equipment (e.g. continuous miners, large-scale pumps and evaporation facilities), making it capital intensive. In addition, the industry needs heavy equipment to move excavated rock salt and to handle and load both rock salt and white salt. Crushing machines are also required, as are conveyors to transport product around the site.
The industry also has substantial requirements for working capital. Thi.. purchase to read more