New Zealand: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in New Zealand

For the third year in a row, the New Zealand mixed fertilizer market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, the total consumption indicated a resilient increase 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 increased by X% against 2018 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the near future.

Mixed Fertilizer Exports

Exports from New Zealand

In 2022, approx. X tons of mixed fertilizers were exported from New Zealand; declining by X% on the previous year. Over the period under review, exports recorded a perceptible decrease. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports reached 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 reduced markedly to $X in 2022. Overall, exports recorded a mild decline. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

New Caledonia (X tons), Tonga (X tons) and French Polynesia (X tons) were the main destinations of mixed fertilizer exports from New Zealand, with a combined X% share of total exports. Fiji, Samoa, Cook Islands and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Samoa (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, New Caledonia ($X), Tonga ($X) and French Polynesia ($X) constituted the largest markets for mixed fertilizer exported from New Zealand worldwide, together comprising X% of total exports. Fiji, Samoa, Japan and Cook Islands lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Japan, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mixed fertilizer export price amounted to $X per ton, picking up by X% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price 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, mixed fertilizer export price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure 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 Japan ($X per ton), while the average price for exports to French Polynesia ($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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Mixed Fertilizer Imports

Imports into New Zealand

In 2022, approx. X tons of mixed fertilizers were imported into New Zealand; shrinking by X% on the previous year's figure. In general, total imports 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, imports decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, mixed fertilizer imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a buoyant increase 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of mixed fertilizer to New Zealand, with a X% share of total imports. Moreover, mixed fertilizer imports from China exceeded the figures recorded by the second-largest supplier, Morocco (X tons), threefold. The third position in this ranking was held by Saudi Arabia (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Saudi Arabia (X% per year).

In value terms, China ($X) constituted the largest supplier of mixed fertilizers to New Zealand, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with a X% share of total imports. It was followed by Saudi Arabia, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the average mixed fertilizer import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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 the United States ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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