Australia: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Australia

The Australian nitrogenous fertilizer market soared to $X in 2022, increasing by X% against the previous year. In general, the total consumption indicated a resilient 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, consumption increased by X% against 2020 indices. Nitrogenous fertilizer consumption peaked in 2022 and is expected to retain growth in the immediate term.

Nitrogenous Fertilizer Production in Australia

In value terms, nitrogenous fertilizer production reduced to $X in 2022 estimated in export price. Over the period under review, 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 most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Nitrogenous fertilizer production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Nitrogenous Fertilizer Exports

Exports from Australia

In 2022, shipments abroad of nitrogenous fertilizers (mineral or chemical) was finally on the rise to reach X tons after three years of decline. Overall, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, nitrogenous fertilizer exports soared to $X in 2022. In general, exports, however, recorded a perceptible reduction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X tons), New Zealand (X tons) and Indonesia (X tons) were the main destinations of nitrogenous fertilizer exports from Australia, together comprising X% of total exports. Papua New Guinea, Ghana, Senegal, Thailand and Malaysia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of X.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nitrogenous fertilizer exported from Australia were Peru ($X), Indonesia ($X) and New Zealand ($X), with a combined X% share of total exports. Papua New Guinea, Ghana, Senegal, Thailand and Malaysia lagged somewhat behind, together accounting for a further X%.

Ghana, with a CAGR of X.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average nitrogenous fertilizer export price amounted to $X per ton, surging by X% against the previous year. In general, the export price continues to indicate a prominent expansion. The growth pace was the most rapid in 2019 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrogenous Fertilizer Imports

Imports into Australia

In 2022, purchases abroad of nitrogenous fertilizers (mineral or chemical) increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, total imports indicated prominent growth 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. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

Imports by Country

Saudi Arabia (X tons), Qatar (X tons) and Malaysia (X tons) were the main suppliers of nitrogenous fertilizer imports to Australia, with a combined X% share of total imports. The United Arab Emirates, Indonesia, Oman, Russia and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nitrogenous fertilizer suppliers to Australia were Saudi Arabia ($X), Qatar ($X) and Malaysia ($X), together comprising X% of total imports. The United Arab Emirates, Indonesia, China, Russia and Oman lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the United Arab Emirates, with a CAGR of X.3%, recorded the highest rates of growth with regard to 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 average nitrogenous fertilizer import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price saw a temperate 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 origin: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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