Phosphates; of Potassium Price in New Zealand - 2023

Contents:

1. Phosphates; of Potassium Price in New Zealand (CIF) - 2022
2. Phosphates; of Potassium Price in New Zealand (FOB) - 2022
3. Phosphates; of Potassium Imports in New Zealand
4. Phosphates; of Potassium Exports in New Zealand

Phosphates; of Potassium Price in New Zealand (CIF) - 2022

The average phosphates; of potassium import price stood at $3,565 per ton in 2022, jumping by 49% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphates; of potassium import price increased by +108.4% against 2017 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 Germany ($5,252 per ton), while the price for Belgium ($2,045 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Phosphates; of Potassium Price in New Zealand (FOB) - 2022

In 2022, the average phosphates; of potassium export price amounted to $3,346 per ton, waning by -31.2% against the previous year. In general, the export price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2021 an increase of 114%. Over the period under review, the average export prices reached the maximum at $7,318 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($5,675 per ton), while the average price for exports to Norfolk Island ($2,355 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 Cook Islands (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.

Phosphates; of Potassium Imports in New Zealand

In 2022, the amount of phosphates; of potassia imported into New Zealand contracted modestly to 835 tons, leveling off at 2021 figures. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 37%.

In value terms, phosphates; of potassium imports skyrocketed to $3M in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 70% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Phosphates; of Potassium to New Zealand in 2022:

1. Thailand (381.0 tons)
2. China (367.0 tons)
3. Germany (52.6 tons)
4. Belgium (16.8 tons)

Phosphates; of Potassium Exports in New Zealand

In 2022, the amount of phosphates; of potassia exported from New Zealand soared to 1.5 tons, increasing by 29% against 2021 figures. In general, exports, however, recorded a precipitous slump.

In value terms, phosphates; of potassium exports declined to $5.2K in 2022. Overall, exports, however, recorded a dramatic contraction. The smallest decline of -2.3% was in 2020.

Top Export Markets for Phosphates; of Potassium from New Zealand in 2022:

1. Cook Islands (1040.0 kg)
2. Fiji (300.0 kg)
3. Norfolk Island (200.0 kg)

Source: IndexBox Market Intelligence Platform