The Economic Significance of Port of Port Hedland - 2022-2023

ACIL Allen was commissioned by the Port Hedland Industries Council (PHIC) to undertake an assessment of the economic significance of the Port of Port Hedland. This is the third report commissioned by PHIC to ACIL Allen on the economic significance of the Port of Port Hedland, following previous reports commissioned in 2017 and 2020.

Using ACIL Allen’s Input-Output models of the Town of Port Hedland, the Pilbara Region, Western Australia, and Australia, the economic contribution of the Port Hedland Port Supply Chain in 2022-23 was determined in each region on the basis of its contribution to output (Gross Domestic Product, Gross State Product, Gross Regional Product), income (wages and salaries earned), employment (Full Time Equivalent (FTE) basis) and taxation and royalty payments.

In order to develop projections for future economic activity through the Port, ACIL Allen has used forward guidance from participating companies to estimate the economic impact of the Port Hedland Port Supply Chain over the ten-year period between 2023-24 and 2032-33 using ACIL Allen’s in-house computable general equilibrium Tasman Global.

As part of the future assessment, ACIL Allen has also modelled the economic impact of the Lumsden Point General Cargo Facility, which is a new multi-user marine infrastructure development within the Port of Port Hedland which will catalyse and support a diverse range of projects across the Pilbara region.