Industry Analysis & Industry Trends
The industry's port operations vary from general cargo and container ports located near major population centres to remote bulk commodity operations near mining sites. The industry depends on international trade, with merchandise imports and bulk commodity exports key drivers of industry activity.
As more cargo has moved through Australia's ports in the past five years, operators have invested in expanding port facilities and found themselves in a position to raise rates to fund these expansions. The industry has grown robustly in the past five years, at a compound annual rate of 9.6%. In 2014-15, industry revenue is forecast to increase by 5.0% to $3.3 billion... purchase to read more
Industry Report - Industry Investment Chapter
Port operators are forecast to spend approximately $1.08 on capital for every dollar spent on labour during 2014-15. The high level of capital intensity comes from the significant capital costs associated with constructing and maintaining wharves.
The amount of capital investment in the industry is stable and in most years follows revenue growth. However, the level of capital intensity has risen in the industry due to a falling share of revenue being spent on labour. The industry employs a small amount of labour since most labour-intensive operations at a port are undertaken by support industries. Employment is not directly linked to revenue, so during the period of rapid revenue growth over the past five years labour costs have risen at a slower rate... purchase to read more