Australia and Oceania: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in Australia and Oceania

The phosphoric acid market in Australia and Oceania surged to $X in 2022, picking up by 92% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Phosphoric Acid Production in Australia and Oceania

In value terms, phosphoric acid production reached $X in 2022 estimated in export price. Over the period under review, production, however, faced a deep slump. The pace of growth was the most pronounced in 2016 with an increase of 15% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Phosphoric Acid Exports

Exports in Australia and Oceania

In 2022, shipments abroad of phosphoric acid and polyphosphoric acids decreased by -19.6% to X tons, falling for the second consecutive year after two years of growth. In general, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2014 with an increase of 148%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, phosphoric acid exports soared to $X in 2022. Over the period under review, exports recorded a perceptible slump. The pace of growth was the most pronounced in 2014 with an increase of 129%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia dominates exports structure, resulting at X tons, which was approx. 98% of total exports in 2022. New Zealand (X tons) held a minor share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of phosphoric acid and polyphosphoric acids. New Zealand (-26.3%) illustrated a downward trend over the same period. Australia (+34 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -25.8% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest phosphoric acid supplier in Australia and Oceania, comprising 93% of total exports. The second position in the ranking was held by New Zealand ($X), with a 6.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia was relatively modest.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, rising by 71% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue 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 Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+14.0%).

Phosphoric Acid Imports

Imports in Australia and Oceania

In 2022, after two years of growth, there was significant decline in overseas purchases of phosphoric acid and polyphosphoric acids, when their volume decreased by -22.6% to X tons. Overall, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 15% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, phosphoric acid imports skyrocketed to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +88.8% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 44%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Australia represented the main importing country with an import of around X tons, which reached 84% of total imports. It was distantly followed by New Zealand (X tons), achieving a 15% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to phosphoric acid imports into Australia stood at -2.5%. New Zealand experienced a relatively flat trend pattern. New Zealand (+2.9 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -2.4% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported phosphoric acid and polyphosphoric acids in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was taken by New Zealand ($X), with an 18% share of total imports.

In Australia, phosphoric acid imports expanded at an average annual rate of +4.7% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, picking up by 59% against the previous year. In general, the import price saw a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+8.0%).

Source: IndexBox Platform

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