Report Update: Apr 1, 2024

New Zealand - Nitric Acid And Sulphonitric Acids - Market Analysis, Forecast, Size, Trends And Insights

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Price for Nitric and Sulphonitric Acids in New Zealand - 2023

Price for Nitric and Sulphonitric Acids in New Zealand (FOB) - 2022

The average nitric and sulphonitric acids export price stood at $2,096 per ton in 2021, rising by 15% against the previous year. Over the period under review, the export price showed a buoyant expansion. The pace of growth was the most pronounced in 2019 an increase of 225%. As a result, the export price attained the peak level of $3,180 per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($15,493 per ton), while the average price for exports to French Polynesia ($1,404 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+36.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Nitric and Sulphonitric Acids in New Zealand (CIF) - 2022

In 2021, the average nitric and sulphonitric acids import price amounted to $206 per ton, growing by 20% against the previous year. Overall, the import price, however, continues to indicate a slight curtailment. Over the period under review, average import prices reached the peak figure at $239 per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($381 per ton), while the price for South Korea totaled $193 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.3%), while the prices for the other major suppliers experienced a decline.

Exports of Nitric and Sulphonitric Acids in New Zealand

In 2022, approx. 17 tons of nitric acid and sulphonitric acids were exported from New Zealand; which is down by -28% against the previous year. Overall, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 128%. As a result, the exports attained the peak of 24 tons, and then contracted dramatically in the following year.

In value terms, nitric and sulphonitric acids exports contracted remarkably to $34K in 2022. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 162% against the previous year. As a result, the exports reached the peak of $50K, and then dropped markedly in the following year.

Export of Nitric and Sulphonitric Acids in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
American Samoa	31.2	17.8	20.6	-18.7%
New Caledonia	N/A	N/A	20.0	0%
Niue	1.2	1.0	1.1	-4.3%
Vanuatu	N/A	N/A	1.0	0%
French Polynesia	2.4	0.1	0.8	-42.3%
Australia	6.8	N/A	N/A	0%
Others	4.6	0.3	6.4	18.0%
Total	46.2	19.1	49.9	3.9%

Top Export Markets for Nitric and Sulphonitric Acids from New Zealand in 2022:

American Samoa (13.0 tons)
New Caledonia (9.1 tons)
French Polynesia (0.6 tons)
Niue (0.5 tons)
Vanuatu (0.4 tons)

Imports of Nitric and Sulphonitric Acids in New Zealand

In 2022, the amount of nitric acid and sulphonitric acids imported into New Zealand dropped to 20K tons, reducing by -2.4% compared with the previous year's figure. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 5.1%.

In value terms, nitric and sulphonitric acids imports reduced to $3.7M in 2022. Overall, imports saw a noticeable slump. The pace of growth was the most pronounced in 2021 with an increase of 26%. As a result, imports reached the peak of $4.2M, and then fell in the following year.

Import of Nitric and Sulphonitric Acids in New Zealand (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
South Korea	3.6	2.5	3.7	1.4%
Belgium	0.4	0.7	0.4	0.0%
Others	0.1	0.1	0.1	0.0%
Total	4.1	3.3	4.2	1.2%

Top Suppliers of Nitric and Sulphonitric Acids to New Zealand in 2022:

South Korea (19.0K tons)
Belgium (1.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for nitric and sulphonitric acids 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:

Prodcom 20151050 - Nitric acid, sulphonitric acids

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023