New Zealand: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in New Zealand

In 2022, the New Zealand animal or vegetable fertilisers market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption saw resilient growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Animal Or Vegetable Fertilisers

Exports from New Zealand

In 2022, the amount of animal or vegetable fertilisers exported from New Zealand reduced notably to X tons, declining by X% against the previous year. Overall, exports saw a mild slump. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at X tons in 2021, and then fell notably in the following year.

In value terms, animal or vegetable fertilisers exports fell significantly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Bangladesh (X tons), Australia (X tons) and Tonga (X tons) were the main destinations of animal or vegetable fertilisers exports from New Zealand, with a combined X% share of total exports. Cook Islands, French Polynesia, the UK, South Africa, Kenya, Malaysia and Singapore lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cook Islands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Australia ($X) and Tonga ($X) appeared to be the largest markets for animal or vegetable fertilisers exported from New Zealand worldwide, with a combined X% share of total exports.

Tonga, with a CAGR of X%, 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 animal or vegetable fertilisers export price amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

Imports of Animal Or Vegetable Fertilisers

Imports into New Zealand

After three years of decline, overseas purchases of animal or vegetable fertilisers increased by X% to X tons in 2022. In general, imports showed a prominent increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, animal or vegetable fertilisers imports shrank modestly to $X in 2022. Over the period under review, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest animal or vegetable fertilisers supplier to New Zealand, with a X% share of total imports. Moreover, animal or vegetable fertilisers imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. Egypt (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Egypt (X% per year).

In value terms, the largest animal or vegetable fertilisers suppliers to New Zealand were Italy ($X), Indonesia ($X) and Australia ($X), together comprising X% of total imports.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average animal or vegetable fertilisers import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price, however, enjoyed a moderate increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, and then shrank notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Egypt ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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