New Zealand: Lime Market 2024

Lime Market Size in New Zealand

In 2021, the New Zealand lime market decreased by -0.9% to $X, falling for the third year in a row after three years of growth. Overall, consumption, however, enjoyed resilient growth. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Lime Production in New Zealand

In value terms, lime production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 29%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Lime Exports

Exports from New Zealand

In 2021, shipments abroad of lime increased by 5% to X tons, rising for the third year in a row after three years of decline. Over the period under review, exports, however, showed a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 127% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, lime exports soared to $X in 2021. Overall, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 119%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for lime exports from New Zealand, accounting for a 88% share of total exports. Moreover, lime exports to Australia exceeded the volume sent to the second major destination, Fiji (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume to Australia stood at +112.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+0.5% per year) and New Caledonia (-54.5% per year).

In value terms, Australia ($X) remains the key foreign market for lime exports from New Zealand, comprising 86% of total exports. The second position in the ranking was taken by Fiji ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia amounted to +102.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+1.6% per year) and New Caledonia (-51.2% per year).

Export Prices by Country

In 2021, the average lime export price amounted to $X per ton, increasing by 30% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2018 when the average export price increased by 37%. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was New Caledonia ($X per ton), while the average price for exports to Australia ($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 New Caledonia (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Lime Imports

Imports into New Zealand

In 2021, the amount of lime imported into New Zealand shrank sharply to X tons, declining by -64.2% on 2020. In general, imports faced a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of 159%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, lime imports reached $X in 2021. Overall, imports recorded a deep slump. The growth pace was the most rapid in 2016 with an increase of 34% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Chile (X tons) constituted the largest lime supplier to New Zealand, accounting for a 68% share of total imports. Moreover, lime imports from Chile exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fivefold. The third position in this ranking was taken by Germany (X tons), with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume from Chile amounted to +43.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-19.4% per year) and Germany (-5.7% per year).

In value terms, Chile ($X) constituted the largest supplier of lime to New Zealand, comprising 75% of total imports. The second position in the ranking was taken by Germany ($X), with a 6.8% share of total imports. It was followed by Indonesia, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from Chile totaled +44.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.5% per year) and Indonesia (-9.7% per year).

Import Prices by Country

In 2021, the average lime import price amounted to $X per ton, increasing by 217% against the previous year. In general, the import price showed a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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