Australia: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Australia

In 2023, the Australian nitrogenous fertilizer market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. In general, consumption posted notable growth. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

Nitrogenous Fertilizer Production in Australia

In value terms, nitrogenous fertilizer production fell to $X in 2023 estimated in export price. In general, the total production indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.

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Nitrogenous Fertilizer Exports

Exports from Australia

In 2023, shipments abroad of nitrogenous fertilizers (mineral or chemical) decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, exports recorded a abrupt decline. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, nitrogenous fertilizer exports dropped markedly to $X in 2023. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), New Zealand (X tons) and Papua New Guinea (X tons) were the main destinations of nitrogenous fertilizer exports from Australia, together accounting for X% of total exports. New Caledonia, Thailand and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Caledonia (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for nitrogenous fertilizer exported from Australia were Indonesia ($X), New Zealand ($X) and Papua New Guinea ($X), together accounting for X% of total exports. Thailand, New Caledonia and Malaysia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, New Caledonia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2023, the average nitrogenous fertilizer export price amounted to $X per ton, dropping by X% against the previous year. In general, the export price, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrogenous Fertilizer Imports

Imports into Australia

In 2023, approx. X tons of nitrogenous fertilizers (mineral or chemical) were imported into Australia; jumping by X% compared with the previous year's figure. Overall, total imports indicated resilient growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure in 2023 and are likely to continue growth in the immediate term.

In value terms, nitrogenous fertilizer imports shrank notably to $X in 2023. Over the period under review, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2022, and then reduced sharply in the following year.

Imports by Country

The United Arab Emirates (X tons), Qatar (X tons) and Saudi Arabia (X tons) were the main suppliers of nitrogenous fertilizer imports to Australia, with a combined X% share of total imports. The United States, China, Malaysia and Indonesia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nitrogenous fertilizer suppliers to Australia were the United Arab Emirates ($X), Qatar ($X) and Saudi Arabia ($X), together accounting for X% of total imports. The United States, Malaysia, China and Indonesia lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, recorded the highest growth rate of 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 2023, the average nitrogenous fertilizer import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price recorded a slight descent. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform