Price for Fertilizers; Mineral or Chemical, Phosphatic in New Zealand - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Phosphatic in New Zealand (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Phosphatic in New Zealand (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Phosphatic in New Zealand
- Exports of Fertilizers; Mineral or Chemical, Phosphatic in New Zealand
Price for Fertilizers; Mineral or Chemical, Phosphatic in New Zealand (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $434 per ton, waning by -12.2% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizers; mineral or chemical, phosphatic import price increased by +71.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 95%. As a result, import price reached the peak level of $494 per ton, and then dropped in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,034 per ton), while the price for Egypt ($283 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Phosphatic in New Zealand (FOB) - 2022
In 2022, the average export price for fertilizers; mineral or chemical, phosphatics amounted to $651 per ton, reducing by -17.9% against the previous year. Overall, the export price, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 519% against the previous year. Over the period under review, the average export prices attained the maximum at $2,514 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norfolk Island ($3,194 per ton), while the average price for exports to South Korea ($301 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 Australia (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Phosphatic in New Zealand
In 2022, approx. 41K tons of fertilizers; mineral or chemical, phosphatics were imported into New Zealand; rising by 184% compared with the previous year's figure. Over the period under review, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, phosphatic imports surged to $18M in 2022. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fertilizers; Mineral or Chemical, Phosphatic in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 0.1 | N/A | N/A | 11.9 | 391.9% |
| China | 6.6 | 5.6 | 5.8 | 3.2 | -21.4% |
| Indonesia | 1.3 | 0.5 | 1.0 | 1.7 | 9.4% |
| Egypt | 0.1 | 1.1 | N/A | 0.7 | 91.3% |
| Vietnam | 0.4 | 0.4 | N/A | 0.2 | -20.6% |
| Others | N/A | N/A | 0.3 | N/A | 0% |
| Total | 8.5 | 7.5 | 7.1 | 17.7 | 27.7% |
Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to New Zealand in 2022:
- Australia (30.0K tons)
- Indonesia (4.7K tons)
- China (3.1K tons)
- Egypt (2.5K tons)
- Vietnam (0.5K tons)
Exports of Fertilizers; Mineral or Chemical, Phosphatic in New Zealand
In 2022, fertilizers; mineral or chemical, phosphatic exports from New Zealand skyrocketed to 65 tons, picking up by 15% against the previous year. In general, exports, however, recorded a significant decline. The pace of growth appeared the most rapid in 2021 when exports increased by 46% against the previous year.
In value terms, fertilizers; mineral or chemical, phosphatic exports declined to $43K in 2022. Overall, exports, however, saw a sharp setback. The pace of growth appeared the most rapid in 2021 with an increase of 68%.
| Export of Fertilizers; Mineral or Chemical, Phosphatic in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | N/A | 13.4 | 0% |
| New Caledonia | 22.7 | 7.3 | 18.2 | 10.9 | -21.7% |
| Norfolk Island | N/A | N/A | N/A | 9.3 | 0% |
| Samoa | 0.7 | 2.3 | 6.3 | 3.9 | 77.3% |
| French Polynesia | N/A | 0.6 | 0.8 | 2.1 | 87.1% |
| Tonga | 49.4 | 10.1 | N/A | 0.8 | -74.7% |
| China | 8.5 | N/A | 12.2 | N/A | 19.8% |
| Others | 3.2 | 6.2 | 7.3 | 2.2 | -11.7% |
| Total | 84.5 | 26.6 | 44.8 | 42.5 | -20.5% |
Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from New Zealand in 2022:
- South Korea (44.5 tons)
- New Caledonia (12.0 tons)
- Norfolk Island (2.9 tons)
- Samoa (2.0 tons)
- French Polynesia (1.9 tons)
- Tonga (1.7 tons)
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This report provides an in-depth analysis of the phosphatic fertilizer market in New Zealand.
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Explore the top 10 countries by import value of phosphatic fertilizer in 2023. Learn about the key players in the global agricultural industry and their reliance on imported fertilizer.
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Explore the top 10 countries by import value of phosphatic fertilizer in 2023. Learn about the key players in the global agricultural industry and their reliance on imported fertilizer.
