New Zealand: Market for Manganites, Manganates And Permanganates, Molybdates And Tungstates 2024

Market Size for Manganites, Manganates And Permanganates, Molybdates And Tungstates in New Zealand

In 2021, the New Zealand market for manganites, manganates and permanganates, molybdates and tungstates increased by 68% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a significant increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Exports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Exports from New Zealand

In 2021, shipments abroad of manganites, manganates and permanganates, molybdates and tungstates increased by 1,795% to X kg, rising for the second consecutive year after three years of decline. In general, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 3,102%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, manganites, manganates, molybdates and tungstates exports skyrocketed to $X in 2021. Overall, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 2,269% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X kg) was the main destination for manganites, manganates, molybdates and tungstates exports from New Zealand, with a 86% share of total exports. Moreover, manganites, manganates, molybdates and tungstates exports to Australia exceeded the volume sent to the second major destination, New Caledonia (X kg), more than tenfold. The third position in this ranking was held by Fiji (X kg), with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume to Australia amounted to -10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (-23.0% per year) and Fiji (+37.9% per year).

In value terms, Australia ($X) emerged as the key foreign market for manganites, manganates and permanganates, molybdates and tungstates exports from New Zealand, comprising 76% of total exports. The second position in the ranking was taken by New Caledonia ($X), with a 10% share of total exports. It was followed by Fiji, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value to Australia totaled -11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (-9.2% per year) and Fiji (+24.0% per year).

Export Prices by Country

The average export price for manganites, manganates and permanganates, molybdates and tungstates stood at $X per ton in 2021, shrinking by -22.4% against the previous year. Over the period under review, the export price showed a mild descent. The growth pace was the most rapid in 2015 when the average export price increased by 698%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Fiji ($X per ton), while the average price for exports to Australia ($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 Papua New Guinea (+43.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Imports into New Zealand

In 2021, supplies from abroad of manganites, manganates and permanganates, molybdates and tungstates increased by 63% to X tons, rising for the second consecutive year after three years of decline. Overall, imports showed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 155% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, manganites, manganates, molybdates and tungstates imports skyrocketed to $X in 2021. In general, imports showed a significant increase. The growth pace was the most rapid in 2013 when imports increased by 141% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of manganites, manganates, molybdates and tungstates to New Zealand, accounting for a 49% share of total imports. Moreover, manganites, manganates, molybdates and tungstates imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +188.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.3% per year) and the United States (+73.3% per year).

In value terms, India ($X) constituted the largest supplier of manganites, manganates and permanganates, molybdates and tungstates to New Zealand, comprising 50% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by the United States, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from India amounted to +138.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+33.0% per year) and the United States (+63.0% per year).

Import Prices by Country

In 2021, the average import price for manganites, manganates and permanganates, molybdates and tungstates amounted to $X per ton, growing by 6.1% against the previous year. Overall, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, manganites, manganates, molybdates and tungstates import price decreased by +0.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 65%. The import price peaked in 2021 and is expected to retain growth in years to come.

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 Australia ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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