Price for Fertilizers; Mineral or Chemical, Nitrogenous in New Zealand - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in New Zealand (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in New Zealand (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in New Zealand
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in New Zealand
Price for Fertilizers; Mineral or Chemical, Nitrogenous in New Zealand (CIF) - 2023
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $313 per ton in July 2023, with a decrease of -35.2% against the previous month. Overall, the import price recorded a deep reduction. The pace of growth was the most pronounced in May 2023 when the average import price increased by 62% m-o-m. Over the period under review, average import prices reached the peak figure at $727 per ton in November 2022; however, from December 2022 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($859 per ton), while the price for China ($224 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in New Zealand (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $1,144 per ton in 2022, picking up by 12% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 27% against the previous year. Over the period under review, the average export prices reached the maximum at $1,182 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($1,341 per ton), while the average price for exports to New Caledonia ($885 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 Tonga (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in New Zealand
In 2022, after three years of growth, there was significant decline in purchases abroad of fertilizers; mineral or chemical, nitrogenoi, when their volume decreased by -20% to 677K tons. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 1.4%. As a result, imports reached the peak of 847K tons, and then declined dramatically in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous imports surged to $457M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 64%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 112 | 116 | 160 | 242 | 29.3% |
| Malaysia | 47.1 | 46.7 | 129 | 77.2 | 17.9% |
| China | 23.6 | 26.2 | 29.9 | 65.5 | 40.5% |
| South Korea | 11.9 | 13.5 | 24.3 | 23.6 | 25.6% |
| Lithuania | 0.8 | 1.4 | 1.9 | 7.6 | 111.8% |
| Australia | 14.4 | 14.1 | 13.6 | 7.4 | -19.9% |
| Others | 34.7 | 14.3 | 22.1 | 33.6 | -1.1% |
| Total | 244 | 232 | 381 | 457 | 23.3% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to New Zealand in 2022:
- Saudi Arabia (306.6K tons)
- China (142.7K tons)
- Malaysia (112.7K tons)
- South Korea (43.5K tons)
- Lithuania (18.8K tons)
- Australia (11.9K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in New Zealand
Fertilizers; mineral or chemical, nitrogenous exports from New Zealand contracted rapidly to 854 tons in 2022, which is down by -60.5% on the previous year's figure. In general, exports showed a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 59%. As a result, the exports reached the peak of 2.2K tons, and then shrank rapidly in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous exports declined markedly to $977K in 2022. Over the period under review, exports showed a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 63%. As a result, the exports reached the peak of $2.2M, and then fell notably in the following year.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 291 | 722 | 1,229 | 259 | -3.8% |
| New Caledonia | 353 | 353 | 572 | 255 | -10.3% |
| Fiji | 188 | 152 | 154 | 178 | -1.8% |
| French Polynesia | 35.5 | 12.5 | 49.6 | 106 | 44.0% |
| Tonga | 89.9 | 63.1 | 111 | 98.7 | 3.2% |
| Others | 192 | 53.4 | 91.4 | 80.8 | -25.1% |
| Total | 1,149 | 1,356 | 2,206 | 977 | -5.3% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from New Zealand in 2022:
- New Caledonia (288.0 tons)
- Australia (193.0 tons)
- Fiji (147.2 tons)
- French Polynesia (108.8 tons)
- Tonga (87.0 tons)
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