Why grow the Port
The Port of the Port Hedland and the businesses linked to it are key economic drivers for the town. Modelling by economic forecaster ACIL Allen Consulting for PHIC found that in 2018/19, the Port and its supply chain account for 44 per cent of all jobs in the town. That equates to nearly 3600 jobs. For every full-time job directly employed by the Port and the companies that trade through the Port, a further two full-time jobs are created in other parts of the town’s economy. The Port and its supply chain paid almost $500 million in wages and salaries to resident workers in 2018/19. This money flows through the community – supporting businesses who employ thousands of people in Port Hedland and providing for the town’s long-term growth and sustainability.
A range of port users are expecting steady growth over the next 10 years to 2028/29 that will deliver long-term sustainable jobs and certainty for local businesses. Modelling by economic forecaster ACIL Allen Consulting for PHIC found that, based on production and financial details provided by a range of resources companies, an extra 1072 jobs a year would be created in the Pilbara. The Port Hedland Port Supply Chain paid about $500 million in wages and salaries to Port Hedland workers in 2018/19, and this figure would grow over the next 10 years. This will make Port Hedland a more attractive place for our young people to live and work and underpin the development of our community’s economic and social infrastructure, which will benefit everyone who wants to live here.
Forecasts reveal the expected growth over the next 10 years could also deliver an increase in real income of $32.1 billion, with most of that being in the Pilbara ($14.9 billion) and the rest of WA ($14.4 billion).
The Port of Port Hedland is one of the State’s and the nation’s most impact pieces of economic infrastructure. The Port is the link between major resource companies and their overseas customers, positioning the Port and the Pilbara as the powerhouses of the State and national economies.
The Port of Port Hedland and its supply chain pumped $54.7 billion into WA’s economy in 2018/19 and is responsible for one in every 12 jobs throughout the State and supported the payment of $9.1 billion in wages and salaries to workers across Western Australia in 2018/19.
Modelling by economic forecaster ACIL Allen Consulting for PHIC found that the port’s economic contribution accounted for 20 per cent of WA’s Gross State Product in 2018/19.
The economic benefits of the Port of Port Hedland and its associated supply chain flow beyond the region and WA. The modelling found that the Port of Port Hedland and the trade that is facilitated through the port in 2018/19 boosted Australia’s GDP by more than $64 billion.
It generated more than 133,000 full time jobs across Australia, delivered almost $4 billion in taxes to the Federal Government and paid $14.2 billion in wages and salaries to workers across Australia.
While iron ore is the dominant commodity exported through Port Hedland, other exports important to the regional economy are salt, manganese, copper concentrates and livestock.
Lithium, exported as spodumene concentrate, is forecast to grow significantly over the next 10 years, from 180,000 dry metric tonnes in 2019-20 to 370,000 DMT in 2020-21 and then again to 1,500,000 DMT in 2021-22. In subsequent years, total production is expected to average 1,600,000 DMT to 2028/29.
Stay informed with news and events