Australia: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Australia

In 2022, the Australian mixed fertilizer market increased by X% to $X, rising for the fifth consecutive year after two years of decline. In general, consumption, however, showed a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Mixed Fertilizer Production in Australia

In value terms, mixed fertilizer production rose slightly 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 throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Mixed Fertilizer Exports

Exports from Australia

In 2022, overseas shipments of mixed fertilizers increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, total exports indicated a modest increase from 2012 to 2022: its volume 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, exports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mixed fertilizer exports skyrocketed to $X in 2022. Overall, exports posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), India (X tons) and Brazil (X tons) were the main destinations of mixed fertilizer exports from Australia, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and Brazil ($X) constituted the largest markets for mixed fertilizer exported from Australia worldwide, with a combined X% share of total exports.

Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mixed fertilizer export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Pakistan ($X 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 New Zealand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Fertilizer Imports

Imports into Australia

In 2022, after three years of growth, there was significant decline in supplies from abroad of mixed fertilizers, when their volume decreased by X% to X tons. The total import volume 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 most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, mixed fertilizer imports soared to $X in 2022. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Saudi Arabia (X tons) and Morocco (X tons) were the main suppliers of mixed fertilizer imports to Australia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Morocco (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed fertilizer suppliers to Australia were China ($X), Saudi Arabia ($X) and Morocco ($X), together comprising X% of total imports.

Morocco, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average mixed fertilizer import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price posted a pronounced expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Belgium ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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