Australia and Oceania: Nitrogen Market 2024

Nitrogen Market Size in Australia and Oceania

The nitrogen market in Australia and Oceania declined to $X in 2022, almost unchanged from the previous year. The total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Nitrogen Production in Australia and Oceania

In value terms, nitrogen production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Nitrogen Exports

Exports in Australia and Oceania

In 2022, overseas shipments of nitrogen decreased by X% to X cubic meters, falling for the third consecutive year after two years of growth. In general, exports recorded a perceptible setback. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X cubic meters in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, nitrogen exports contracted to $X in 2022. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, New Zealand (X cubic meters) was the key exporter of nitrogen, mixing up X% of total exports. It was distantly followed by Australia (X cubic meters), making up a X% share of total exports. New Caledonia (X cubic meters) followed a long way behind the leaders.

New Zealand was also the fastest-growing in terms of the nitrogen exports, with a CAGR of X% from 2012 to 2022. At the same time, New Caledonia (X%) displayed positive paces of growth. By contrast, Australia (X%) illustrated a downward trend over the same period. New Zealand (X p.p.) and New Caledonia (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest nitrogen supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

In Australia, nitrogen exports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and New Caledonia (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per cubic meter in 2022, standing approx. at the previous year. Overall, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per cubic meter), while New Zealand ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced a decline in the export price figures.

Nitrogen Imports

Imports in Australia and Oceania

In 2022, overseas purchases of nitrogen increased by X% to X cubic meters, rising for the second year in a row after two years of decline. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The volume of import peaked at X cubic meters in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, nitrogen imports declined modestly to $X in 2022. Over the period under review, imports, however, showed a perceptible descent. The growth pace was the most rapid in 2016 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

New Zealand (X cubic meters) and Guam (X cubic meters) dominates imports structure, together committing X% of total imports. Papua New Guinea (X cubic meters) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Fiji (X%) and Australia (X%).

From 2012 to 2022, the biggest increases were recorded for Guam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and Guam ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Guam, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Australia and Oceania stood at $X per cubic meter in 2022, dropping by X% against the previous year. Overall, the import price saw a deep setback. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per cubic meter), while Guam ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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