New Zealand: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in New Zealand

The New Zealand sulphuric acid market soared to $X in 2022, growing by 51% 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). Overall, consumption enjoyed a prominent expansion. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in years to come.

Sulphuric Acid Exports

Exports from New Zealand

In 2022, overseas shipments of sulphuric acid and oleum increased by 20% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 1,143% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, sulphuric acid exports surged to $X in 2022. In general, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 277%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vanuatu (X tons) was the main destination for sulphuric acid exports from New Zealand, with a 76% share of total exports. Moreover, sulphuric acid exports to Vanuatu exceeded the volume sent to the second major destination, the Netherlands (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vanuatu stood at +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-34.2% per year) and Fiji (-18.4% per year).

In value terms, Vanuatu ($X), Fiji ($X) and the Netherlands ($X) constituted the largest markets for sulphuric acid exported from New Zealand worldwide, together accounting for 99% of total exports.

Vanuatu, with a CAGR of +23.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average sulphuric acid export price amounted to $X per ton, with an increase of 49% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 148% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($X per ton), while the average price for exports to Vanuatu ($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 French Polynesia (+34.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphuric Acid Imports

Imports into New Zealand

In 2022, imports of sulphuric acid and oleum into New Zealand surged to X tons, increasing by 49% compared with the previous year. Over the period under review, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 327% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, sulphuric acid imports surged to $X in 2022. In general, imports enjoyed tangible growth. 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) was the main supplier of sulphuric acid to New Zealand, accounting for a 94% share of total imports. Moreover, sulphuric acid imports from Australia exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia totaled +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+415.7% per year) and South Korea (-10.4% per year).

In value terms, Australia ($X) constituted the largest supplier of sulphuric acid and oleum to New Zealand, comprising 58% of total imports. The second position in the ranking was taken by South Korea ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia totaled +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-1.7% per year) and China (+421.2% per year).

Import Prices by Country

The average sulphuric acid import price stood at $X per ton in 2022, growing by 64% against the previous year. Overall, the import price, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 an increase of 108% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Australia ($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 (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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