Port Taranaki Economic Impact November 2012
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- Bu səhifədəki naviqasiya:
- The Economic Impact of Port Taranaki 1.
- Introduction ...................................................................................... 6 3.
- 8. Appendix ........................................................................................ 40
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Final Report 3
Port Taranaki Economic Impact November 2012 1. Summary This report was commissioned by the Taranaki Regional Council to provide evidence of the Port ’s value to the Taranaki region. The key findings of the report are:
percent of New Zealand exports and imports by volume go through ports. Port Taranaki is the third largest export port by volume behind Tauranga and Lyttleton, and is the sixth largest exporter by value, behind Tauranga, Auckland, Lyttleton, Napier and Dunedin.
Port Taranaki plays an important role in the Taranaki region, particularly as the region is relatively isolated and industry is largely export focused. Port Taranaki supports exporters and importers, reducing cost and improving access and options. It also acts as an attractor of export focused, port dependant or transport related businesses.
o
Port operation contributes $25.5 million to regional GDP and employs 138 FTEs. o
Port dependent activity contributes $465 million to regional GDP and employs 1,270 FTEs. o
Industries that utilise the Port collectively contribute $2.5 billion to regional GDP and employ 11,700 FTEs.
Port Taranaki also plays an important role in place-shaping, particularly as the region has developed around the port. The urban environment and transport links are tied to Port Taranaki, meaning it has a key role in shaping and defining the urban form of New Plymouth.
Being owned by Taranaki Regional Council, the Port has a strong corporate citizenship role and provides an annual dividend to the Council, which supports lower rates.
supporting and enabling industry growth, particularly around the oil and gas sector and primary industries.
The port can also play an increasingly important role in encouraging and enabling regional economic development through corporate citizenship and place-shaping initiatives.
Final Report 4
Port Taranaki Economic Impact November 2012 The Economic Impact of Port Taranaki 1. Summary .......................................................................................... 3 2. Introduction ...................................................................................... 6 3. Ports as a strategic regional asset ................................................. 8 3.1
Regional role .................................................................................................................... 8
3.2
National role ..................................................................................................................... 9
4.1
Background .................................................................................................................... 11
4.2
Regional context............................................................................................................. 11
4.3
Port Taranaki throughput volumes .................................................................................. 12
4.4
Port Taranaki throughput values ..................................................................................... 15
4.5
Major industries .............................................................................................................. 18
5.1
Port operations ............................................................................................................... 19
5.2
Port-related business activity .......................................................................................... 19
5.3
Port-related sub-groups .................................................................................................. 20
5.4
Summary ........................................................................................................................ 22
6.1
Total impact of associated activities................................................................................ 23
6.2
Oil and gas ..................................................................................................................... 24
6.3
Chemicals and metal product manufacturing .................................................................. 28
6.4
Transport and storage .................................................................................................... 29
6.5
Primary production and food processing ......................................................................... 30
7.1
Corporate citizen ............................................................................................................ 35
7.2
Regional rates relief and economic development outcomes ........................................... 37
7.3
Economic development opportunities ............................................................................. 37
8.1
Approach to valuing the economic impact of Port Taranaki ............................................. 40
8.2
EIA comparisons ............................................................................................................ 46
8.3
Port trends...................................................................................................................... 48
Final Report 5
Port Taranaki Economic Impact November 2012 Tables Table 4.1. Overseas Cargo for year ended March 2012 ................................................................ 12
Table 4.2. Exports by value, 2012 ................................................................................................. 16 Table 4.3. Imports by value, 2012 ................................................................................................. 17
Table 4.4. Port Taranaki coastal trade key industries by value ...................................................... 17 Table 5.1. Port expenditure ........................................................................................................... 19
Table 5.2. Port impacts ................................................................................................................. 19 Table 5.3. Port-dependent activity ................................................................................................. 20
Table 5.4. Impact on port services and agents .............................................................................. 20 Table 5.5. Impact on the transport and storage industry ................................................................ 21
Table 5.6. Impact on the fishing and seafood processing industry ................................................. 21 Table 5.7. Boatbuilding industry economic impact ......................................................................... 22
Table 5.8. Economic Impact of Port Taranaki ................................................................................ 22 Table 6.1. Port Taranaki associated activity .................................................................................. 23
Table 6.2. Summary of oil and gas industry, 2012 ......................................................................... 25 Table 6.3. Impact of the oil and gas industry on Taranaki Region economy, 2011 ......................... 25
Table 6.4. Oil and gas companies related to Port Taranaki ........................................................... 26 Table 6.5. Chemical and metal product manufacturing industry summary ..................................... 28
Table 6.6. Chemical and metal product manufacturing economic impact ...................................... 28 Table 6.7. Transport and storage industry summary, 2011 ............................................................ 29
Table 6.8. Transport and storage industry economic impact .......................................................... 29 Table 6.9. Primary sector summary indicators, 2011 ..................................................................... 30
Table 6.10. Primary sector economic impact ................................................................................. 31 Table 6.11. Dairy processing industry summary ............................................................................ 32
Table 6.12. Dairy processing economic impact ............................................................................. 32 Table 6.13. Meat processing industry summary ............................................................................ 33
Table 6.14. Meat processing economic impact .............................................................................. 33 Table 6.15. Meat processing and related companies..................................................................... 34
Table 8.1. Port-related companies ................................................................................................ 41 Table 8.2. Comparison with earlier Port EIAs ................................................................................ 46
Table 8.3. Comparison of EIA with Port of Tauranga and Ports of Auckland ................................. 47 Figures Figure 4.1. Volume of product throughput, 2011 ............................................................................ 13
Figure 4.2. Volumes by transport type ........................................................................................... 14 Figure 4.3. Port Taranaki container volumes ................................................................................. 15
Figure 4.4. Port Taranaki trade type by volume ............................................................................. 15 Figure 7.1. Port Taranaki sponsorship ........................................................................................... 35
Figure 7.2. Port Taranaki dividends ............................................................................................... 37 Figure 8.1. Port Taranaki employees ............................................................................................. 48
Figure 8.2. Port Taranaki revenue ................................................................................................. 48 Figure 8.3. Port Taranaki operational expenditure ......................................................................... 49
Figure 8.4. Port Taranaki capital expenditure ................................................................................ 49 2. Introduction This report has been commissioned by Taranaki Regional Council to quantify Port Taranaki’s contribution to the Taranaki economy and to identify and present its strategic value to the economic development of the region. It updates an earlier (2007) report on the Economic Impact of Port Taranaki, which was commissioned by Venture Taranaki. Port Taranaki is a key strategic asset for the Taranaki region. It is a major export port in New Zealand and supports export industries including oil and gas, petrochemicals, logging and food processing. This report determines the economic impact of port activity on the region. It identifies economic activity through port operations and port related businesses. It looks at the contribution of industries in the Taranaki that use port services. It also looks at the value of the Port in relation to its role as an infrastructure provider and corporate citizen. Format This report is split into eight chapters. The first two chapters provide a summary and introduce the report. Chapter 3 looks at the strategic role of the port in relation to economic growth and development at a national and a regional level. Chapter 4 looks at the history and current activity of Port Taranaki. Chapter 5 determines the quantifiable economic impact of Port Taranaki, in terms of its own business activity and port dependent businesses. These include port operations, port services and agents, transport and storage, fishing and seafood processing and boatbuilding. Chapter 6 looks at the value of industries that use Port Taranaki, and explores the positive relationship between the Port and those industries. These include oil and gas, chemicals and metal product manufacturing, transport and storage, and primary production and food processing. Chapter 7 looks at the wider contributions of Port Taranaki to regional economic development, around corporate citizenship, regional rates relief and economic development opportunities. Chapter 8 contains the Appendix, which includes the approach used to value the Port ’s activity and the methodology behind the economic impact assessment.
Final Report 7
Port Taranaki Economic Impact November 2012 Consultation BERL met with the following clients and stakeholders to better understand the value and relationships of Port Taranaki.
Mike Nield
Taranaki Regional Council
Chris Greenough Kotahi (Fonterra)
AWE
Arun Chaudhari Port Taranaki
Port Taranaki
ANZCO Foods
Venture Taranaki
Mayor, New Plymouth
New Plymouth District Council
New Plymouth District Council
Anthony Wilson
New Plymouth District Council Photographs Unless otherwise credited, the photographs used in this report were taken by Pip Guthrie and supplied by Port Taranaki.
Final Report 8
Port Taranaki Economic Impact November 2012 3. Ports as a strategic regional asset Ports play an important role in a regional economy, particularly export focussed regions such as the Taranaki. An efficient port supports exporters and importers, reducing cost and improving access and options. Ports can act as an attractor of export focused, port dependant or transport related businesses. Ports can also play an important role in place-shaping. Particularly because many cities/settlements have developed around a port, which means that many ports are situated in the heart of built up urban areas, often with excellent road and rail links. 3.1 Regional role Well-functioning ports are an enabling asset within a regional context. Ports can support business productivity and activity offering the benefit of economies of scale. They act as a hub of economic activity, facilitating the movement of goods produced within the region, but also across the hinterland. An effective port can keep logistics costs competitive and broaden access to markets. They can also act to retain or attract export based industries that can benefit from being within close proximity to a port. Further, ports can be a crucial part of an industry’s production process, for exampl e, the fishing industry and, in the case of Taranaki, the oil and gas industry. Finally, ports, due to their central location in relation to the main settlement, and their position on prime waterfront property, can often support urban design and place-shaping initiatives that can encourage economic and social wellbeing outcomes. There are 13 functioning ports in New Zealand and all are majority owned by local government. There are issues around the viability and efficiency of these ports in light of changes in the shipping industry and the functioning of the New Zealand transport network. The ‘Connecting New Zealand’ report states that the decision around the role and number of ports in New Zealand will continue to be made by port owners operating in a commercial environment. 1
The report also stated that the government’s role should be to ensure the right price signals are in place and land - based infrastructure, such as road and rail, can meet the needs of the freight industry as it evolves. BERL’s view is that the strategic role a port plays in supporting export based businesses and the opportunity to maximise the economic and social benefits to the region is a major case for ownership of ports to remain in the hands of local government. The Taranaki Region has significant oil and gas reserves and prospects. The oil and gas industry (in fact several industries if we include heavy engineering) has grown up around oil and gas exploration and extraction. A number of key industries rely on Port Taranaki for transport and support services. This is particularly so for the oil and gas
1 Ministry of Transport (2011). Connecting New Zealand. A Summary of the Government’s Policy Direction for Transport. Final Report 9
Port Taranaki Economic Impact November 2012 industry, but also for the primary industries (dairy, meat, forestry and fishing), and some manufacturing industries in the Region. Products from these industries are relatively bulky and/or difficult/costly to transport. Therefore many of them rely on, and benefit greatly from, their ability to transport their products to export markets through Port Taranaki. Similarly, other bulky imports and exports (for example engineering material and machinery) could become more costly and even uneconomic if they had to be trucked or railed out of or into the Region, which may reduce the desirability of operating a business in the Region. Finally, ports have an economic and social role in terms of place-shaping and community development. This is largely a legacy of cities and industry activity developing around ports.
As a nation dependent upon trade, ports are vital to the New Zealand economy. They account for 99.7 percent of New Zealand’s exports and 99.5 percent of New Zealand imports. By value, New Zealand’s sea ports account for 83.0 percent of exports and 78.4 percent of imports. Ports also play a role as coastal feeders for container products, as well as in the movement of bulk goods such as cement and fuel. At a national level, ports form a part of the national transport system, which includes, road, rail, air and sea ports. Road and rail provide the bulk of the domestic system, particularly for freight movement while sea and air are our links to global markets. Transportation is a key connection between businesses and trade. To ensure New Zealand remains internationally competitive, New Zealand must improve the efficiency and free movement of goods across our transport network, which includes the links between rail, air and sea ports. There are mounting pressures on business and trade, particularly when freight volume and movements are predicted to double in the next 30 years, fuel prices are expected to remain volatile, and where international responses to issues such as greenhouse gas emissions and transport security can impose additional costs on our exporters.
The national direction for maritime transport has changed since the National Party took office in 2008. The current Government’s focus for the maritime sector is on port productivity issues, improving public information on the performance of maritime and freight transport, and improving the safety of the maritime sector. The Productivity Commission released a report in April 2012 which evaluated the factors influencing the accessibility and efficiency of international freight transport services available to New Zealand firms, and opportunities to increase accessibility and efficiency of these services. While port charges are not a large part of total freight costs, the potential impact of ports on the overall supply chain is larger than this would suggest. Ports can be a choke point, because delays or poor reliability in them can have cascading impacts on later stages in the supply chain. The Commission found that there was room for improvement in terms of improving workplace productivity and strengthening port governance. Final Report 10
Port Taranaki Economic Impact November 2012 To deliver the overall transport objective, the Government is focussing on three key areas: economic growth and productivity; value for money; and road safety. The government is focussing on improving public information on maritime and freight transport. This will not only help improve investment decisions by port owners, but also improve future landside investment decisions. In addition to the above, the Government has also commenced a Freight Information Gathering System, which provides information on international and domestic freight flows through New Zealand ports, and the transport modes used for those freight flows to inform future transport decisions. Final Report 11
Port Taranaki Economic Impact November 2012
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