New Zealand - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNPK Fertilizer Price in New Zealand - 2023
Contents:
- NPK Fertilizer Price in New Zealand (CIF) - 2023
- NPK Fertilizer Price in New Zealand (FOB) - 2022
- NPK Fertilizer Imports in New Zealand
- NPK Fertilizer Exports in New Zealand
NPK Fertilizer Price in New Zealand (CIF) - 2023
The average NPK fertilizer import price stood at $942 per ton in September 2023, surging by 7.5% against the previous month. Overall, the import price, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in November 2022 an increase of 34% month-to-month. As a result, import price attained the peak level of $1,417 per ton. From December 2022 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Australia ($2,413 per ton), while the price for Indonesia ($341 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
NPK Fertilizer Price in New Zealand (FOB) - 2022
In 2022, the average NPK fertilizer export price amounted to $1,105 per ton, rising by 18% against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, NPK fertilizer export price increased by +57.3% against 2020 indices. The growth pace was the most rapid in 2017 when the average export price increased by 101%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($2,436 per ton), while the average price for exports to New Caledonia ($998 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 Japan (+37.5%), while the prices for the other major destinations experienced more modest paces of growth.
NPK Fertilizer Imports in New Zealand
In 2022, after three years of growth, there was significant decline in supplies from abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers, when their volume decreased by -27.7% to 55K tons. In general, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by 83% against the previous year. As a result, imports reached the peak of 75K tons, and then contracted dramatically in the following year.
In value terms, NPK fertilizer imports skyrocketed to $64M in 2022. Overall, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 114%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of NPK Fertilizer in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 5.6 | 4.2 | 11.4 | 18.2 | 48.1% |
| Norway | 4.4 | 8.2 | 7.7 | 10.8 | 34.9% |
| Morocco | N/A | N/A | N/A | 8.5 | 0% |
| Germany | 3.3 | 1.2 | 1.4 | 7.0 | 28.5% |
| China | 0.8 | 1.0 | 1.3 | 5.6 | 91.3% |
| Netherlands | 1.7 | 2.1 | 4.2 | 4.3 | 36.3% |
| Indonesia | 1.0 | 0.8 | 1.4 | 2.4 | 33.9% |
| United States | 0.9 | 0.8 | 1.5 | 1.8 | 26.0% |
| Belgium | 5.0 | 3.7 | 8.0 | 0.2 | -65.8% |
| Others | 2.0 | 2.5 | 15.3 | 4.9 | 34.8% |
| Total | 24.6 | 24.4 | 52.2 | 63.8 | 37.4% |
Top Suppliers of NPK Fertilizer to New Zealand in 2022:
- Finland (15.7K tons)
- Norway (9.2K tons)
- Morocco (8.0K tons)
- China (5.8K tons)
- Indonesia (5.5K tons)
- Germany (5.1K tons)
- Netherlands (1.6K tons)
- United States (0.9K tons)
- Belgium (0.3K tons)
NPK Fertilizer Exports in New Zealand
In 2022, shipments abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -22.1% to 516 tons, falling for the second year in a row after two years of growth. Overall, exports saw a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 1.8%. As a result, the exports reached the peak of 678 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, NPK fertilizer exports fell to $570K in 2022. Over the period under review, exports saw a mild shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 30%. As a result, the exports reached the peak of $620K, and then shrank in the following year.
| Export of NPK Fertilizer in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Caledonia | 179 | 196 | 204 | 205 | 4.6% |
| Tonga | 185 | 187 | 114 | 94.4 | -20.1% |
| French Polynesia | 135 | 60.7 | 54.8 | 84.0 | -14.6% |
| Fiji | 15.1 | 5.6 | 62.7 | 74.6 | 70.3% |
| Samoa | 33.5 | 3.4 | 32.1 | 49.8 | 14.1% |
| Japan | N/A | N/A | 29.5 | 26.4 | -10.5% |
| Others | 42.0 | 24.1 | 123 | 35.9 | -5.1% |
| Total | 589 | 477 | 620 | 570 | -1.1% |
Top Export Markets for NPK Fertilizer from New Zealand in 2022:
- New Caledonia (205.8 tons)
- Tonga (93.0 tons)
- French Polynesia (82.5 tons)
- Fiji (57.1 tons)
- Samoa (46.3 tons)
- Japan (10.8 tons)
This report provides an in-depth analysis of the npk fertilizer market in New Zealand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 4021 - NPK fertilizers
Country coverage:
- New Zealand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in New Zealand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Fertilizer prices continue to ramp up due to a shortage in supply caused by lower output in EU countries. High natural gas costs shape that growth because gas accounts for up to 80% of variable costs in nitrogen fertilizer production. Urea prices spiked exceptionally high to $900 per ton in November 2021, gaining 30% against the previous month. Phosphate rock price rose by 4%, while diammonium phosphate and triple superphosphate were both up by 8%. Next year, fertilizer prices are projected to climb further due to a continued shortage in supply, but if costs for natural gas maintain their downward trend, they will hold the price increases back.
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Explore the top import markets for NPK fertilizer and delve into key statistics and numbers. Brazil, India, China, Thailand, and Spain are the world's leading markets. Learn about their reliance on imported fertilizer and the role it plays in meeting the global demand for agricultural fertilizers.
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Global trade in NPK fertilizers steadily rises, with the leading exporters, Russia and Norway, ramp up supplies actively.
