New Zealand: Market for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers 2024

Market Size for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in New Zealand

The New Zealand market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers declined to $X in 2022, with a decrease of -2.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a slight downturn. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers

Exports from New Zealand

In 2022, overseas shipments of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 244%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers soared to $X in 2022. Overall, exports, however, continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2013 with an increase of 172%. Over the period under review, the exports of reached the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Caledonia (X tons) was the main destination for exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from New Zealand, accounting for a 76% share of total exports. Moreover, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to New Caledonia exceeded the volume sent to the second major destination, South Africa (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Caledonia stood at +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-6.3% per year) and Samoa (+32.3% per year).

In value terms, the largest markets for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exported from New Zealand were New Caledonia ($X), South Africa ($X) and Samoa ($X), together comprising 100% of total exports.

Among the main countries of destination, Samoa, with a CAGR of +60.6%, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average export price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers amounted to $X per ton, waning by -57.4% against the previous year. Overall, the export price showed a slight decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 187%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to New Caledonia ($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 Tonga (+30.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers

Imports into New Zealand

In 2022, approx. X tons of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers were imported into New Zealand; which is down by -8.3% on 2021. Overall, imports saw a slight slump. The pace of growth was the most pronounced in 2021 when imports increased by 183%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers soared to $X in 2022. Over the period under review, imports showed a noticeable setback. The pace of growth was the most pronounced in 2021 when imports increased by 74%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier to New Zealand, with a 75% share of total imports. Moreover, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was taken by the UK (X tons), with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia amounted to +36.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.9% per year) and the UK (+10.1% per year).

In value terms, China ($X), Indonesia ($X) and Italy ($X) appeared to be the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers suppliers to New Zealand, with a combined 74% share of total imports. The UK, Australia and Germany lagged somewhat behind, together accounting for a further 23%.

In terms of the main suppliers, Germany, with a CAGR of +89.1%, saw 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 import price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers stood at $X per ton in 2022, surging by 50% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 344%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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