New Zealand: Herbicide Market 2024

Herbicide Market Size in New Zealand

After three years of decline, the New Zealand herbicide market increased by 102% to $X in 2021. Overall, consumption recorded significant growth. Herbicide consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Herbicide Exports

Exports from New Zealand

In 2021, approx. X tons of herbicides were exported from New Zealand; which is down by -83.4% against 2020. In general, exports showed a dramatic descent. The pace of growth appeared the most rapid in 2020 with an increase of 47%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, herbicide exports fell dramatically to $X in 2021. Over the period under review, exports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 27%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for herbicide exports from New Zealand, with a 65% share of total exports. Moreover, herbicide exports to Australia exceeded the volume sent to the second major destination, Chile (X tons), fivefold. The third position in this ranking was held by South Korea (X tons), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia totaled -27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+87.7% per year) and South Korea (+14.8% per year).

In value terms, Australia ($X) remains the key foreign market for herbicides exports from New Zealand, comprising 64% of total exports. The second position in the ranking was taken by Chile ($X), with a 13% share of total exports. It was followed by South Korea, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia totaled -29.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+92.5% per year) and South Korea (+12.7% per year).

Export Prices by Country

In 2021, the average herbicide export price amounted to $X per ton, shrinking by -10% against the previous year. Overall, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 16%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Maldives ($X per ton) and French Polynesia ($X per ton), while the average price for exports to Singapore ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Herbicide Imports

Imports into New Zealand

Herbicide imports into New Zealand skyrocketed to X tons in 2021, increasing by 48% against the year before. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +52.1% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, herbicide imports surged to $X in 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia (X tons), China (X tons) and Germany (X tons) were the main suppliers of herbicide imports to New Zealand, with a combined 82% share of total imports. The United States, Israel, Malaysia, Hungary and France lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +42.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest herbicide suppliers to New Zealand were Australia ($X), China ($X) and Germany ($X), together accounting for 82% of total imports. These countries were followed by the United States, Israel, Malaysia, Hungary and France, which together accounted for a further 13%.

In terms of the main suppliers, Hungary, with a CAGR of +43.2%, recorded the highest growth rate of 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 herbicide import price stood at $X per ton in 2021, waning by -2.9% against the previous year. In general, the import price saw a slight decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 24% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Australia ($X per ton), while the price for China ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :