New Zealand: Insecticide Market 2024

Insecticide Market Size in New Zealand

The New Zealand insecticide market was estimated at $X in 2021, picking up by 10% 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). Over the period under review, consumption recorded a remarkable increase. Insecticide consumption peaked in 2021 and is likely to continue growth in the immediate term.

Insecticide Exports

Exports from New Zealand

Insecticide exports from New Zealand reduced markedly to X tons in 2021, which is down by -38.9% against the previous year. Over the period under review, exports showed a sharp curtailment. The pace of growth was the most pronounced in 2020 with an increase of 52%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, insecticide exports shrank markedly to $X in 2021. Overall, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2017 with an increase of 71% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for insecticide exports from New Zealand, accounting for a 56% share of total exports. Moreover, insecticide exports to Australia exceeded the volume sent to the second major destination, Malaysia (X tons), fourfold. China (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia amounted to -22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+16.8% per year) and China (+0.9% per year).

In value terms, Australia ($X) remains the key foreign market for insecticides exports from New Zealand, comprising 59% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 13% share of total exports. It was followed by China, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to Australia stood at -20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+10.9% per year) and China (+2.0% per year).

Export Prices by Country

In 2021, the average insecticide export price amounted to $X per ton, with a decrease of -43.6% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 53%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to French Polynesia ($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 Brazil (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Insecticide Imports

Imports into New Zealand

In 2021, insecticide imports into New Zealand stood at X tons, remaining constant against the previous year's figure. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 32%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, insecticide imports expanded modestly to $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 33%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of insecticide to New Zealand, with a 46% share of total imports. Moreover, insecticide imports from Australia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.1% per year) and the United States (+9.0% per year).

In value terms, Australia ($X), the United States ($X) and China ($X) were the largest insecticide suppliers to New Zealand, together comprising 71% of total imports. These countries were followed by Germany, Malaysia, France, India, Switzerland and the UK, which together accounted for a further 19%.

Switzerland, with a CAGR of +27.8%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 insecticide import price stood at $X per ton in 2021, approximately mirroring the previous year. In general, the import price continues to indicate a slight increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 27% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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