New Zealand - Urea - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUrea Price in New Zealand - 2023
Contents:
- Urea Price in New Zealand (CIF) - 2023
- Urea Price in New Zealand (FOB) - 2022
- Urea Imports in New Zealand
- Urea Exports in New Zealand
Urea Price in New Zealand (CIF) - 2023
In September 2023, the average urea import price amounted to $423 per ton, picking up by 11% against the previous month. Overall, the import price, however, continues to indicate a noticeable descent. The pace of growth appeared the most rapid in June 2023 an increase of 65% month-to-month. Over the period under review, average import prices reached the peak figure at $853 per ton in October 2022; however, from November 2022 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Saudi Arabia ($431 per ton), while the price for Malaysia ($410 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (0.0%), while the prices for the other major suppliers experienced a decline.
Urea Price in New Zealand (FOB) - 2022
The average urea export price stood at $934 per ton in 2022, growing by 33% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, urea export price increased by +87.7% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Samoa ($1,279 per ton), while the average price for exports to Australia ($748 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 South Korea (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.
Urea Imports in New Zealand
In 2022, approx. 440K tons of urea were imported into New Zealand; shrinking by -30.1% against 2021 figures. Overall, imports recorded a abrupt slump. The smallest decline of -0.2% was in 2021.
In value terms, urea imports amounted to $328M in 2022. Over the period under review, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 69% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Urea in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 113 | 116 | 163 | 231 | 26.9% |
| Malaysia | 47.0 | 46.7 | 131 | 77.1 | 17.9% |
| Brunei Darussalam | N/A | N/A | N/A | 7.2 | 0% |
| China | 6.1 | 13.6 | 9.9 | 7.1 | 5.2% |
| Others | 23.3 | 4.8 | 2.0 | 5.1 | -39.7% |
| Total | 189 | 182 | 306 | 328 | 20.2% |
Top Suppliers of Urea to New Zealand in 2022:
- Saudi Arabia (305.8K tons)
- Malaysia (113.0K tons)
- Brunei Darussalam (9.7K tons)
- China (6.8K tons)
Urea Exports in New Zealand
In 2022, shipments abroad of urea decreased by -10.6% to 579 tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 2.2%. As a result, the exports attained the peak of 826 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, urea exports surged to $540K in 2022. The total export value increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Urea in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Caledonia | 346 | 320 | 225 | 228 | -13.0% |
| Fiji | 65.6 | 101 | 120 | 147 | 30.9% |
| Tonga | 49.3 | 52.0 | 57.5 | 73.7 | 14.3% |
| Australia | 14.8 | N/A | 14.7 | 53.3 | 53.3% |
| French Polynesia | 6.0 | 10.3 | 8.5 | 26.6 | 64.3% |
| Samoa | 6.0 | 1.8 | 4.2 | 11.8 | 25.3% |
| Others | 32.4 | 2.7 | 22.9 | 0.1 | -85.4% |
| Total | 520 | 488 | 453 | 540 | 1.3% |
Top Export Markets for Urea from New Zealand in 2022:
- New Caledonia (256.4 tons)
- Fiji (123.0 tons)
- Tonga (86.1 tons)
- Australia (71.3 tons)
- French Polynesia (32.4 tons)
- Samoa (9.3 tons)
This report provides an in-depth analysis of the urea market in New Zealand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 4001 - Urea
Country coverage:
- New Zealand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in New Zealand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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