New Zealand: Carbonate Market 2024

Carbonate Market Size in New Zealand

In 2021, the New Zealand carbonate market decreased by -3% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 10%. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Carbonate Exports

Exports from New Zealand

In 2021, carbonate exports from New Zealand dropped modestly to X tons, stabilizing at 2020. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +58.2% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 31%. The exports peaked at X tons in 2020, and then dropped slightly in the following year.

In value terms, carbonate exports expanded slightly to $X in 2021. Overall, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 46% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Fiji (X tons), New Caledonia (X tons) and Australia (X tons) were the main destinations of carbonate exports from New Zealand, together accounting for 98% of total exports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +14.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Fiji ($X) and New Caledonia ($X) appeared to be the largest markets for carbonate exported from New Zealand worldwide, with a combined 79% share of total exports.

Among the main countries of destination, Australia, with a CAGR of +32.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average carbonate export price stood at $X per ton in 2021, with an increase of 5.1% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, carbonate export price increased by +83.9% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to New Caledonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+16.4%), while the prices for the other major destinations experienced mixed trend patterns.

Carbonate Imports

Imports into New Zealand

In 2021, the amount of carbonates and peroxocarbonates imported into New Zealand expanded modestly to X tons, increasing by 4.8% compared with the previous year. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, carbonate imports dropped to $X in 2021. Overall, imports, however, showed a noticeable setback. The growth pace was the most rapid in 2018 when imports increased by 13% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), China (X tons) and Australia (X tons) were the main suppliers of carbonate imports to New Zealand, with a combined 69% share of total imports. These countries were followed by Turkey, Malaysia, Vietnam and Spain, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +44.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Australia ($X) were the largest carbonate suppliers to New Zealand, with a combined 63% share of total imports. These countries were followed by Turkey, Malaysia, Vietnam and Spain, which together accounted for a further 18%.

Turkey, with a CAGR of +42.7%, recorded the highest growth rate of the value of imports, among 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 carbonate import price stood at $X per ton in 2021, waning by -10.7% against the previous year. Over the period under review, the import price showed a pronounced decline. The pace of growth was the most pronounced in 2020 an increase of 23%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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