Australia and Oceania: Fertilizer Market 2024

Fertilizer Market Size in Australia and Oceania

The fertilizer market in Australia and Oceania declined to $X in 2022, waning by X% against the previous year. Overall, consumption, however, enjoyed strong growth. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Fertilizer Production in Australia and Oceania

In value terms, fertilizer production shrank slightly to $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Fertilizer Exports

Exports in Australia and Oceania

In 2022, the amount of fertilizers exported in Australia and Oceania amounted to X tons, with an increase of X% on the previous year. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, fertilizer exports surged to $X in 2022. In general, exports recorded a tangible increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Australia (X tons) represented roughly X% of total exports in 2022.

Australia experienced a relatively flat trend pattern with regard to volume of exports of fertilizers. From 2012 to 2022, the share of Australia increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest fertilizer supplier in Australia and Oceania.

In Australia, fertilizer exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price recorded tangible growth. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Fertilizer Imports

Imports in Australia and Oceania

In 2022, overseas purchases of fertilizers decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2012 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then declined slightly in the following year.

In value terms, fertilizer imports surged to $X in 2022. Overall, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Australia represented the major importing country with an import of around X tons, which amounted to X% of total imports. New Zealand (X tons) took the second position in the ranking, distantly followed by American Samoa (X tons). All these countries together held near X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fertilizer imports into Australia stood at X%. At the same time, American Samoa (X%) displayed positive paces of growth. Moreover, American Samoa emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. New Zealand experienced a relatively flat trend pattern. While the share of Australia (X p.p.) and American Samoa (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported fertilizers in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and American Samoa (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price saw temperate growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while American Samoa ($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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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