New Zealand: Sodium Nitrate Market 2022

Sodium Nitrate Market Size in New Zealand

After two years of decline, the New Zealand sodium nitrate market increased by X% to $X in 2021. Over the period under review, consumption continues to indicate prominent growth. Sodium nitrate consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Sodium Nitrate Exports

Exports from New Zealand

After two years of decline, overseas shipments of sodium nitrate increased by X% to X tons in 2021. Overall, exports posted a strong increase. Over the period under review, the exports hit record highs at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, sodium nitrate exports skyrocketed to $X in 2021. In general, exports showed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for sodium nitrate exports from New Zealand, accounting for a X% share of total exports. Moreover, sodium nitrate exports to Australia exceeded the volume sent to the second major destination, Fiji (X kg), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia stood at +X%.

In value terms, Australia ($X) and Fiji ($X) constituted the largest markets for sodium nitrate exported from New Zealand worldwide.

Fiji, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average sodium nitrate export price stood at $X per ton in 2021, jumping by X% against the previous year. In general, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Fiji ($X per ton), while the average price for exports to Australia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+X%).

Sodium Nitrate Imports

Imports into New Zealand

After two years of decline, overseas purchases of sodium nitrate increased by X% to X tons in 2021. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, sodium nitrate imports skyrocketed to $X in 2021. Overall, imports showed moderate growth. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest sodium nitrate supplier to New Zealand, with a X% share of total imports. Moreover, sodium nitrate imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold. Chile (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Chile (-X% per year).

In value terms, China ($X) constituted the largest supplier of sodium nitrate to New Zealand, comprising X% of total imports. The second position in the ranking was held by Switzerland ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+X% per year) and Brazil (X% per year).

Import Prices by Country

In 2021, the average sodium nitrate import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, showed a abrupt setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform