Australia and Oceania: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Australia and Oceania

The nitrogenous fertilizer market in Australia and Oceania reached $X in 2022, rising by X% against the previous year. Over the period under review, consumption showed resilient growth. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Nitrogenous Fertilizer Production in Australia and Oceania

In value terms, nitrogenous fertilizer production shrank to $X in 2022 estimated in export price. The total production indicated strong growth 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 was the most pronounced in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Nitrogenous Fertilizer Exports

Exports in Australia and Oceania

In 2022, shipments abroad of nitrogenous fertilizers (mineral or chemical) was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, nitrogenous fertilizer exports surged to $X in 2022. In general, exports, however, showed a perceptible contraction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. The following exporters - Papua New Guinea (X tons) and New Zealand (X tons) - each resulted at a X% share of total exports.

Exports from Australia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Papua New Guinea (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. New Zealand experienced a relatively flat trend pattern. Papua New Guinea (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Australia, nitrogenous fertilizer exports contracted by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (X% per year) and Papua New Guinea (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price recorded tangible growth. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 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 Australia (X%), while the other leaders experienced a decline in the export price figures.

Nitrogenous Fertilizer Imports

Imports in Australia and Oceania

In 2022, overseas purchases of nitrogenous fertilizers (mineral or chemical) increased by X% to X tons, rising for the fourth consecutive year after two years of decline. 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 2018 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, nitrogenous fertilizer imports surged to $X in 2022. Overall, imports recorded a resilient increase. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Australia represented the major importer of nitrogenous fertilizers (mineral or chemical) in Australia and Oceania, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by New Zealand (X tons) and American Samoa (X tons), together creating a X% share of total imports. Papua New Guinea (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to nitrogenous fertilizer imports into Australia stood at X%. At the same time, American Samoa (X%) and Papua New Guinea (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. From 2012 to 2022, the share of Australia and American Samoa increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported nitrogenous fertilizers (mineral or chemical) in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by American Samoa, with a X% share.

In Australia, nitrogenous fertilizer imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: 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, growing by X% against the previous year. In general, the import price enjoyed a moderate expansion. 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 Australia ($X per ton), while American Samoa ($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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