Australia and Oceania: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Australia and Oceania

The market for compounds with other nitrogen function (excluding isocyanates) in Australia and Oceania surged to $X in 2022, with an increase of 16% against the previous year. Over the period under review, consumption saw a resilient increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Australia and Oceania

In value terms, compounds with other nitrogen function production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a resilient increase. The growth pace was the most rapid in 2019 with an increase of 130% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports in Australia and Oceania

After two years of growth, shipments abroad of compounds with other nitrogen function (excluding isocyanates) decreased by -68.3% to X tons in 2022. Overall, exports showed a deep setback. The pace of growth appeared the most rapid in 2018 when exports increased by 195%. The volume of export peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, compounds with other nitrogen function exports fell notably to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 170%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Australia dominates exports structure, recording X tons, which was near 98% of total exports in 2022. New Zealand (X tons) took a minor share of total exports.

Exports from Australia decreased at an average annual rate of -5.6% from 2012 to 2022. At the same time, New Zealand (+16.3%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +16.3% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +1.6 percentage points.

In value terms, Australia ($X) remains the largest compounds with other nitrogen function supplier in Australia and Oceania, comprising 99% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 1.2% share of total exports.

In Australia, compounds with other nitrogen function exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, with an increase of 4% against the previous year. Overall, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 an increase of 104% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.5%).

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports in Australia and Oceania

In 2022, the amount of compounds with other nitrogen function (excluding isocyanates) imported in Australia and Oceania dropped to X tons, which is down by -4% compared with the year before. Over the period under review, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 83%. As a result, imports attained the peak of X tons, and then reduced modestly in the following year.

In value terms, compounds with other nitrogen function imports expanded to $X in 2022. Overall, imports, however, continue to indicate modest growth. The growth pace was the most rapid in 2015 with an increase of 111%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, New Zealand (X tons) represented the main importer of compounds with other nitrogen function (excluding isocyanates), committing 48% of total imports. Australia (X tons) held a 27% share (based on physical terms) of total imports, which put it in second place, followed by Fiji (18%) and Papua New Guinea (6.4%).

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +46.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Australia ($X) and Fiji ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 97% of total imports.

New Zealand, with a CAGR of +53.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, increasing by 8.5% against the previous year. In general, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 when the import price increased by 38% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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