Nitrites; Nitrates Price in New Zealand - 2023
Contents:
- Nitrites; Nitrates Price in New Zealand (CIF) - 2022
- Nitrites; Nitrates Price in New Zealand (FOB) - 2022
- Nitrites; Nitrates Imports in New Zealand
- Nitrites; Nitrates Exports in New Zealand
Nitrites; Nitrates Price in New Zealand (CIF) - 2022
The average nitrites; nitrates import price stood at $966 per ton in 2022, picking up by 54% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nitrites; nitrates import price increased by +83.3% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($1,944 per ton), while the price for Norway ($645 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in New Zealand (FOB) - 2022
The average nitrites; nitrates export price stood at $1,062 per ton in 2022, shrinking by -33.9% against the previous year. Overall, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2014 an increase of 138% against the previous year. As a result, the export price reached the peak level of $3,258 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Caledonia ($3,739 per ton), while the average price for exports to French Polynesia ($962 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 New Caledonia (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrites; Nitrates Imports in New Zealand
After two years of decline, purchases abroad of nitrites; nitrateses increased by 20% to 4.1K tons in 2022. Over the period under review, imports, however, saw a abrupt downturn.
In value terms, nitrites; nitrates imports soared to $4M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nitrites; Nitrates in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 496 | 559 | 521 | 1,007 | 26.6% |
| Belgium | 883 | 609 | 380 | 700 | -7.4% |
| China | 506 | 519 | 371 | 606 | 6.2% |
| Chile | 816 | 518 | 508 | 549 | -12.4% |
| Malaysia | N/A | 6.3 | 174 | 372 | 668.4% |
| Portugal | 164 | 67.1 | N/A | 174 | 2.0% |
| Netherlands | 61.3 | 14.2 | 22.3 | 135 | 30.1% |
| Others | 249 | 137 | 182 | 447 | 21.5% |
| Total | 3,174 | 2,429 | 2,157 | 3,990 | 7.9% |
Top Suppliers of Nitrites; Nitrates to New Zealand in 2022:
- Norway (1560.0 tons)
- China (686.8 tons)
- Malaysia (502.3 tons)
- Belgium (360.0 tons)
- Chile (336.0 tons)
- Portugal (217.6 tons)
- Netherlands (176.5 tons)
Nitrites; Nitrates Exports in New Zealand
In 2022, approx. 77 tons of nitrites; nitrateses were exported from New Zealand; jumping by 518% on the previous year's figure. In general, exports enjoyed significant growth.
In value terms, nitrites; nitrates exports skyrocketed to $81K in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Nitrites; Nitrates in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| French Polynesia | 11.9 | 50.6 | 12.8 | 69.7 | 80.3% |
| New Caledonia | N/A | 8.3 | N/A | 7.7 | -3.7% |
| Norfolk Island | 0.3 | 1.6 | 0.6 | 2.8 | 110.5% |
| Fiji | 5.1 | 3.0 | N/A | N/A | -41.2% |
| China | 11.3 | N/A | N/A | N/A | 0% |
| Others | 3.6 | 15.3 | 6.5 | 1.2 | -30.7% |
| Total | 32.2 | 78.9 | 19.9 | 81.4 | 36.2% |
Top Export Markets for Nitrites; Nitrates from New Zealand in 2022:
- French Polynesia (72.5 tons)
- New Caledonia (2.1 tons)
- Norfolk Island (1.5 tons)
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