New Zealand: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in New Zealand

The New Zealand market for compounds with other nitrogen function (excluding isocyanates) declined to $X in 2022, waning by -1.8% against the previous year. Over the period under review, consumption, however, saw a resilient expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in New Zealand

In value terms, compounds with other nitrogen function production dropped rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a moderate expansion. The growth pace was the most rapid in 2013 when the production volume increased by 70% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from New Zealand

In 2022, compounds with other nitrogen function exports from New Zealand surged to X tons, rising by 199% against the previous year's figure. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 389% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, compounds with other nitrogen function exports soared to $X in 2022. Overall, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for compounds with other nitrogen function exports from New Zealand, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China was relatively modest.

In value terms, China ($X) emerged as the key foreign market for compounds with other nitrogen function (excluding isocyanates) exports from New Zealand.

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

Export Prices by Country

In 2022, the average export price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, with an increase of 49% against the previous year. Overall, the export price, however, saw a perceptible setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for French Polynesia amounted to +27.9% per year.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into New Zealand

In 2022, the amount of compounds with other nitrogen function (excluding isocyanates) imported into New Zealand contracted markedly to X tons, waning by -31.1% compared with 2021 figures. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 614% against the previous year. Imports peaked at X tons in 2021, and then contracted rapidly in the following year.

In value terms, compounds with other nitrogen function imports fell notably to $X in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 583% against the previous year. Imports peaked at $X in 2021, and then contracted notably in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of compounds with other nitrogen function to New Zealand, accounting for a 90% share of total imports. Moreover, compounds with other nitrogen function imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), ninefold. The United States (X tons) ranked third in terms of total imports with a 0.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +57.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+59.9% per year) and the United States (+7.7% per year).

In value terms, China ($X) constituted the largest supplier of compounds with other nitrogen function (excluding isocyanates) to New Zealand, comprising 90% of total imports. The second position in the ranking was held by Japan ($X), with a 9.6% share of total imports. It was followed by the United States, with a 0.2% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +78.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+36.8% per year) and the United States (+0.3% per year).

Import Prices by Country

In 2022, the average import price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, growing by 16% against the previous year. Overall, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of 131%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Canada ($X per ton), while the price for China ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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