New Zealand: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in New Zealand

The New Zealand potassium chloride (MOP) market shrank to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a notable 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, consumption increased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced in the following year.

Potassium Chloride (Mop) Exports

Exports from New Zealand

In 2022, approx. X tons of potassium chloride (MOP) were exported from New Zealand; jumping by X% on 2021. In general, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 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 lower figure.

In value terms, potassium chloride (MOP) exports fell to $X in 2022. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for potassium chloride (MOP) exports from New Zealand, with a X% share of total exports. Moreover, potassium chloride (MOP) exports to Australia exceeded the volume sent to the second major destination, French Polynesia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia amounted to X%.

In value terms, Australia ($X) remains the key foreign market for potassium chloride (MOP) exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by French Polynesia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Australia totaled X%.

Export Prices by Country

In 2022, the average potassium chloride (MOP) export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was French Polynesia ($X per ton), while the average price for exports to Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Potassium Chloride (Mop) Imports

Imports into New Zealand

Potassium chloride (MOP) imports into New Zealand reduced dramatically to X tons in 2022, declining by X% against the previous year. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced remarkably in the following year.

In value terms, potassium chloride (MOP) imports reached $X in 2022. Over the period under review, imports, however, showed a temperate increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of potassium chloride (MOP) to New Zealand, accounting for a X% share of total imports. Moreover, potassium chloride (MOP) imports from Canada exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Malaysia (X% per year).

In value terms, Canada ($X) constituted the largest supplier of potassium chloride (MOP) to New Zealand, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the average potassium chloride (MOP) import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price enjoyed a pronounced expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($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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