New Zealand: Phosphatic Fertilizer Market 2024

Phosphatic Fertilizer Market Size in New Zealand

The New Zealand phosphatic fertilizer market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption recorded a significant expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Phosphatic Fertilizer Exports

Exports from New Zealand

In 2022, approx. X tons of phosphatic fertilizers were exported from New Zealand; growing by X% on the year before. Over the period under review, exports, however, showed a dramatic contraction. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, phosphatic fertilizer exports contracted slightly to $X in 2022. Overall, exports, however, continue to indicate a significant curtailment. The growth pace was the most rapid in 2016 when exports increased by 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

South Korea (X tons) was the main destination for phosphatic fertilizer exports from New Zealand, with a X% share of total exports. Moreover, phosphatic fertilizer exports to South Korea exceeded the volume sent to the second major destination, New Caledonia (X tons), fourfold. Norfolk Island (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (X% per year) and Norfolk Island (X% per year).

In value terms, the largest markets for phosphatic fertilizer exported from New Zealand were South Korea ($X), New Caledonia ($X) and Norfolk Island ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Norfolk Island, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average phosphatic fertilizer export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, 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 Norfolk Island ($X per ton), while the average price for exports to South Korea ($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 Samoa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphatic Fertilizer Imports

Imports into New Zealand

In 2022, the amount of phosphatic fertilizers imported into New Zealand soared to X tons, increasing by X% compared with the year before. Over the period under review, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, phosphatic fertilizer imports soared to $X in 2022. Overall, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) constituted the largest phosphatic fertilizer supplier to New Zealand, accounting for a X% share of total imports. Moreover, phosphatic fertilizer imports from Australia exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), sixfold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and China (X% per year).

In value terms, Australia ($X) constituted the largest supplier of phosphatic fertilizers to New Zealand, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average phosphatic fertilizer import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, import price indicated a tangible increase 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, phosphatic fertilizer import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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

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

Source: IndexBox Platform