Circular Head is blessed with an abundance of natural resources, allowing for a variety of businesses and industries. Key sectors include forestry and timber production, agriculture, dairy and prime beef production, commercial fishing and aquaculture, manufacturing, tourism, vegetable processing and iron ore pelletising. Circular Head businesses export to more than 20 countries, predominantly in the Asia-Pacific region. Circular Head is Tasmania's largest dairy area with more than thirty per cent of the State's dairy farms. The municipality also has its share of successful niche industries such as Leatherwood honey production, seaweed fertiliser manufacturing and Japanese Wagyu cattle breeding. The Circular Head municipality covers an area of 4917 square kilometres and includes the townships and localities of Alcomie, Arthur River, Black River, Brittons Swamp, Broadmeadows, Christmas Hills, Couta Rocks, Cowrie Point, Crayfish Creek, Detention, Edgcumbe Beach, Edith Creek, Forest, Hellyer, Irishtown, Lileah, Marrawah, Mawbanna, Mella, Mengha, Montagu, Nabageena, Nelson Bay, Port Latta, Redpa, Rocky Cape, Roger River, Scopus, Scotchtown, Smithton, South Forest, Stanley, Temma, Togari, Trowutta, Wiltshire and Woolnorth. It is part of an area of land under the traditional custodianship of the Tarkiner people and is bound by the surrounding Municipalities of King Island to the north, Waratah-Wynyard to the east, West Coast to the south. Circular Head recorded a population of 8152 people in 2020 (source: ABS Estimate).