New Zealand: Sodium Triphosphate Market 2024

Sodium Triphosphate Market Size in New Zealand

After three years of decline, the New Zealand sodium triphosphate market increased by 118% to $X in 2021. Overall, consumption, however, showed a mild reduction. Sodium triphosphate consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Sodium Triphosphate Exports

Exports from New Zealand

For the tenth year in a row, New Zealand recorded growth in shipments abroad of sodium triphosphate (sodium tripolyphosphates), which increased by 32% to X tons in 2021. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 66%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, sodium triphosphate exports surged to $X in 2021. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 75%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

French Polynesia (X tons) was the main destination for sodium triphosphate exports from New Zealand, with a 90% share of total exports. Moreover, sodium triphosphate exports to French Polynesia exceeded the volume sent to the second major destination, Australia (X tons), tenfold.

From 2012 to 2021, the average annual growth rate of volume to French Polynesia amounted to +66.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+5.5% per year) and Fiji (+1.0% per year).

In value terms, French Polynesia ($X) remains the key foreign market for sodium triphosphate exports from New Zealand, comprising 96% of total exports. The second position in the ranking was held by Australia ($X), with a 3.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to French Polynesia stood at +46.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+4.7% per year) and Fiji (-0.3% per year).

Export Prices by Country

The average sodium triphosphate export price stood at $X per ton in 2021, picking up by 11% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sodium triphosphate export price increased by +88.2% against 2014 indices. The pace of growth was the most pronounced in 2019 an increase of 18%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was French Polynesia ($X per ton), while the average price for exports to Australia ($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 Australia (-0.7%), while the prices for the other major destinations experienced a decline.

Sodium Triphosphate Imports

Imports into New Zealand

In 2021, purchases abroad of sodium triphosphate (sodium tripolyphosphates) was finally on the rise to reach X tons after three years of decline. Over the period under review, imports showed a relatively flat trend pattern. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, sodium triphosphate imports soared to $X in 2021. In general, imports, however, recorded a pronounced setback. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Thailand (X tons) and Belgium (X tons) were the main suppliers of sodium triphosphate imports to New Zealand, with a combined 93% share of total imports. These countries were followed by Indonesia, Germany and France, which together accounted for a further 6.1%.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +14.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sodium triphosphate suppliers to New Zealand were Thailand ($X), China ($X) and Belgium ($X), with a combined 89% share of total imports. These countries were followed by Indonesia, Germany and France, which together accounted for a further 10%.

In terms of the main suppliers, Indonesia, with a CAGR of +11.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average sodium triphosphate import price amounted to $X per ton, with a decrease of -13.1% against the previous year. Overall, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2016 an increase of 8.3%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :