New Zealand: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in New Zealand

The New Zealand phosphoric acid market reduced to $X in 2022, which is down by -4.2% 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). In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +84.6% against 2018 indices. As a result, consumption reached the peak level of $X, and then fell in the following year.

Phosphoric Acid Exports

Exports from New Zealand

Phosphoric acid exports from New Zealand dropped sharply to X tons in 2022, waning by -94% on 2021 figures. In general, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 195% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, phosphoric acid exports contracted rapidly to $X in 2022. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 293% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons), Fiji (X tons) and American Samoa (X kg) were the main destinations of phosphoric acid exports from New Zealand, with a combined 94% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +45.7%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for phosphoric acid exported from New Zealand were Australia ($X), Fiji ($X) and New Caledonia ($X), with a combined 49% share of total exports. These countries were followed by American Samoa, which accounted for a further 0.9%.

In terms of the main countries of destination, American Samoa, with a CAGR of +17.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average phosphoric acid export price stood at $X per ton in 2022, growing by 412% against the previous year. Over the period under review, the export price recorded a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was New Caledonia ($X per ton), while the average price for exports to American Samoa ($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 Fiji (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphoric Acid Imports

Imports into New Zealand

In 2022, the amount of phosphoric acid and polyphosphoric acids imported into New Zealand dropped significantly to X tons, waning by -26.5% on 2021 figures. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 30% against the previous year. Imports peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, phosphoric acid imports expanded remarkably to $X in 2022. Over the period under review, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 92%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) was the main phosphoric acid supplier to New Zealand, with a 93% share of total imports. It was followed by the Netherlands (X tons), with a 1.5% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+217.6% per year) and South Korea (-67.3% per year).

In value terms, China ($X) constituted the largest supplier of phosphoric acid and polyphosphoric acids to New Zealand, comprising 90% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+249.1% per year) and South Korea (-60.1% per year).

Import Prices by Country

In 2022, the average phosphoric acid import price amounted to $X per ton, picking up by 47% against the previous year. In general, the import price showed prominent growth. The pace of growth was the most pronounced in 2021 an increase of 64% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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