New Zealand: Fertilizer Market 2024

Fertilizer Market Size in New Zealand

In 2022, the New Zealand fertilizer market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Fertilizer Production in New Zealand

In value terms, fertilizer production declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a sharp contraction. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Fertilizer production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Fertilizer Exports

Exports from New Zealand

For the third consecutive year, New Zealand recorded decline in shipments abroad of fertilizers, which decreased by X% to X tons in 2022. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, fertilizer exports fell dramatically to $X in 2022. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

New Caledonia (X tons), Australia (X tons) and Tonga (X tons) were the main destinations of fertilizer exports from New Zealand, with a combined X% share of total exports. French Polynesia, Fiji, Samoa and South Korea lagged somewhat behind, together accounting for 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 South Korea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, New Caledonia ($X), Australia ($X) and Fiji ($X) constituted the largest markets for fertilizer exported from New Zealand worldwide, with a combined X% share of total exports. Tonga, French Polynesia, Samoa and South Korea lagged somewhat behind, together comprising a further X%.

Samoa, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 fertilizer export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizer export price increased by X% against 2019 indices. The growth pace was the most rapid in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($X per ton), while the average price for exports to South Korea ($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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into New Zealand

In 2022, the amount of fertilizers imported into New Zealand reduced sharply to X tons, shrinking by X% on the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then reduced markedly in the following year.

In value terms, fertilizer imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Saudi Arabia (X tons), China (X tons) and Canada (X tons) were the main suppliers of fertilizer imports to New Zealand, with a combined X% share of total imports. Malaysia, South Korea, Australia, Morocco, the United States, Lithuania, Germany and Indonesia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fertilizer suppliers to New Zealand were Saudi Arabia ($X), China ($X) and Canada ($X), with a combined X% share of total imports. Malaysia, Morocco, South Korea, the United States, Australia, Germany, Lithuania and Indonesia lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, saw 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 fertilizer import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price recorded a prominent increase. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform

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