New Zealand: Thiosulphates Market 2024

Thiosulphates Market Size in New Zealand

The New Zealand thiosulphates market surged to $X in 2021, rising by 42% 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). Over the period under review, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.2% against 2017 indices. Thiosulphates consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Thiosulphates Exports

Exports from New Zealand

In 2021, the amount of thiosulphates exported from New Zealand declined remarkably to X kg, with a decrease of -91.9% compared with the year before. In general, exports saw a precipitous curtailment. The growth pace was the most rapid in 2015 with an increase of 31,495% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, thiosulphates exports contracted significantly to $X in 2021. Overall, exports faced a precipitous setback. The pace of growth was the most pronounced in 2015 when exports increased by 41,236% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Australia (X kg) was the main destination for thiosulphates exports from New Zealand, accounting for a 86% share of total exports. Moreover, thiosulphates exports to Australia exceeded the volume sent to the second major destination, Fiji (X kg), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia totaled -57.5%.

In value terms, Australia ($X) remains the key foreign market for thiosulphates exports from New Zealand, comprising 78% of total exports. The second position in the ranking was held by Fiji ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia totaled -45.5%.

Export Prices by Country

The average thiosulphates export price stood at $X per ton in 2021, falling by -4.3% against the previous year. In general, the export price, however, enjoyed significant growth. The growth pace was the most rapid in 2020 when the average export price increased by 57%. As a result, the export price attained the peak level of $X per ton, and then dropped modestly in the following year.

Average prices varied somewhat 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 amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+28.3%).

Thiosulphates Imports

Imports into New Zealand

In 2021, approx. X tons of thiosulphates were imported into New Zealand; jumping by 17% compared with 2020. Over the period under review, imports, however, continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2017 with an increase of 44%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, thiosulphates imports surged to $X in 2021. Overall, total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.7% against 2017 indices. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Italy (X tons) and Belgium (X tons) were the main suppliers of thiosulphates imports to New Zealand, with a combined 80% share of total imports. The UK, Australia and India lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +42.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), China ($X) and the UK ($X) were the largest thiosulphates suppliers to New Zealand, together comprising 62% of total imports. Italy, Belgium and India lagged somewhat behind, together comprising a further 33%.

Among the main suppliers, India, with a CAGR of +32.3%, saw the highest rates of growth with regard to 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

The average thiosulphates import price stood at $X per ton in 2021, picking up by 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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