New Zealand: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in New Zealand

In 2022, the New Zealand ammonium sulphate market increased by 32% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, enjoyed a resilient expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Ammonium Sulphate Exports

Exports from New Zealand

Ammonium sulphate exports from New Zealand surged to X tons in 2022, rising by 1,517% compared with the year before. Over the period under review, exports continue to indicate a significant expansion. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, ammonium sulphate exports soared to $X in 2022. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

French Polynesia (X tons) was the main destination for ammonium sulphate exports from New Zealand, with a 82% share of total exports. Moreover, ammonium sulphate exports to French Polynesia exceeded the volume sent to the second major destination, Fiji (X tons), ninefold. Tonga (X tons) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to French Polynesia stood at +65.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+55.3% per year) and Tonga (+84.2% per year).

In value terms, French Polynesia ($X) emerged as the key foreign market for ammonium sulphate exports from New Zealand, comprising 85% of total exports. The second position in the ranking was taken by Tonga ($X), with a 6.1% share of total exports. It was followed by Fiji, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value to French Polynesia amounted to +95.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tonga (+58.6% per year) and Fiji (+53.4% per year).

Export Prices by Country

In 2022, the average ammonium sulphate export price amounted to $X per ton, with an increase of 50% against the previous year. Overall, the export price continues to indicate a mild increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 82% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Cook Islands ($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 Samoa (+36.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ammonium Sulphate Imports

Imports into New Zealand

In 2022, overseas purchases of ammonium sulphate decreased by -0.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +11.0% 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 +10.5% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by 74% against the previous year. Imports peaked at X tons in 2021, and then dropped modestly in the following year.

In value terms, ammonium sulphate imports soared to $X in 2022. Overall, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 67%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest ammonium sulphate supplier to New Zealand, accounting for a 73% share of total imports. Moreover, ammonium sulphate imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was taken by Australia (X tons), with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+94.1% per year) and Australia (-4.6% per year).

In value terms, China ($X) constituted the largest supplier of ammonium sulphate to New Zealand, comprising 70% of total imports. The second position in the ranking was taken by South Korea ($X), with a 26% share of total imports. It was followed by Australia, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+98.1% per year) and Australia (-5.6% per year).

Import Prices by Country

In 2022, the average ammonium sulphate import price amounted to $X per ton, rising by 49% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 60% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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