New Zealand: Market for Nitric Acid And Sulphonitric Acids 2024

Market Size for Nitric Acid And Sulphonitric Acids in New Zealand

The New Zealand nitric and sulphonitric acids market shrank to $X in 2022, which is down by X% against the previous year. Over the period under review, the total consumption indicated strong 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. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Nitric Acid And Sulphonitric Acids in New Zealand

In value terms, nitric and sulphonitric acids production reduced to $X in 2022 estimated in export price. In general, the total production indicated a buoyant expansion 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, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Nitric Acid And Sulphonitric Acids

Exports from New Zealand

In 2022, exports of nitric acid and sulphonitric acids from New Zealand shrank remarkably to X tons, dropping by X% against the previous year. In general, exports showed a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, nitric and sulphonitric acids exports shrank dramatically to $X in 2022. Over the period under review, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

American Samoa (X tons) was the main destination for nitric and sulphonitric acids exports from New Zealand, with a X% share of total exports. Moreover, nitric and sulphonitric acids exports to American Samoa exceeded the volume sent to the second major destination, French Polynesia (X tons), sixfold. The third position in this ranking was taken by Vanuatu (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to American Samoa totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: French Polynesia (X% per year) and Vanuatu (X% per year).

In value terms, American Samoa ($X) remains the key foreign market for nitric acid and sulphonitric acids exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by French Polynesia ($X), with a X% share of total exports. It was followed by Vanuatu, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to American Samoa stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: French Polynesia (X% per year) and Vanuatu (X% per year).

Export Prices by Country

The average nitric and sulphonitric acids export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price, however, showed a slight increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

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

Imports of Nitric Acid And Sulphonitric Acids

Imports into New Zealand

Nitric and sulphonitric acids imports into New Zealand expanded markedly to X tons in 2021, with an increase of X% against 2020. Overall, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, nitric and sulphonitric acids imports surged to $X in 2021. The total import value increased at an average annual rate of X% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of nitric and sulphonitric acids to New Zealand, with a X% share of total imports. Moreover, nitric and sulphonitric acids imports from South Korea exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea amounted to X%.

In value terms, South Korea ($X) constituted the largest supplier of nitric acid and sulphonitric acids to New Zealand, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with an X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea was relatively modest.

Import Prices by Country

In 2021, the average nitric and sulphonitric acids import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a slight decline. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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