Australia and Oceania: Npk Fertilizer Market 2024

Npk Fertilizer Exports

Exports in Australia and Oceania

In 2022, overseas shipments of mixed nitrogen, phosphorus and potassium (NPK) fertilizers increased by 7.4% to X tons, rising for the second consecutive year after four years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 67% against the previous year. 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, NPK fertilizer exports declined markedly to $X in 2022. Overall, exports, however, recorded a mild downturn. The growth pace was the most rapid in 2021 with an increase of 118%. As a result, the exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

In 2022, Australia (X tons) represented the major exporter of mixed nitrogen, phosphorus and potassium (NPK) fertilizers, creating 71% of total exports. It was distantly followed by New Zealand (X tons), constituting a 29% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to NPK fertilizer exports from Australia stood at -1.6%. At the same time, New Zealand (+3.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +3.1% from 2012-2022. New Zealand (+8.7 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -8.8% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest NPK fertilizer supplier in Australia and Oceania, comprising 84% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 16% share of total exports.

In Australia, NPK fertilizer exports plunged by an average annual rate of -1.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, which is down by -43.3% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 92%. As a result, the export price attained the peak level of $X per ton, and then fell rapidly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+1.1%).

Npk Fertilizer Imports

Imports in Australia and Oceania

After two years of growth, supplies from abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -21.5% to X tons in 2022. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of X tons, and then reduced remarkably in the following year.

In value terms, NPK fertilizer imports soared to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +78.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Australia represented the key importing country with an import of about X tons, which resulted at 57% of total imports. It was distantly followed by New Zealand (X tons) and Papua New Guinea (X tons), together creating a 40% share of total imports. New Caledonia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Papua New Guinea (with a CAGR of +11.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and Papua New Guinea ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 97% share of total imports.

Among the main importing countries, New Zealand, with a CAGR of +13.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, rising by 54% against the previous year. Import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, NPK fertilizer import price increased by +86.1% against 2016 indices. As a result, import price attained 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 ($X per ton), while Papua New Guinea ($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 (+4.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :