Carbonates; Potassium Carbonate Price in New Zealand - 2023
Contents:
- Carbonates; Potassium Carbonate Price in New Zealand (CIF) - 2022
- Carbonates; Potassium Carbonate Price in New Zealand (FOB) - 2022
- Carbonates; Potassium Carbonate Imports in New Zealand
- Carbonates; Potassium Carbonate Exports in New Zealand
Carbonates; Potassium Carbonate Price in New Zealand (CIF) - 2022
The average carbonates; potassium carbonate import price stood at $1,823 per ton in 2022, jumping by 59% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbonates; potassium carbonate import price increased by +85.0% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($2,637 per ton), while the price for Thailand ($1,598 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Carbonates; Potassium Carbonate Price in New Zealand (FOB) - 2022
In 2022, the average carbonates; potassium carbonate export price amounted to $1,319 per ton, shrinking by -41.7% against the previous year. Overall, the export price recorded a abrupt descent. The growth pace was the most rapid in 2019 when the average export price increased by 176%. The export price peaked at $3,865 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Fiji.
From 2012 to 2022, the rate of growth in terms of prices for French Polynesia amounted to +4.0% per year.
Carbonates; Potassium Carbonate Imports in New Zealand
Carbonates; potassium carbonate imports into New Zealand dropped dramatically to 284 tons in 2022, reducing by -28.7% against 2021. Overall, imports recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. As a result, imports reached the peak of 398 tons, and then contracted remarkably in the following year.
In value terms, carbonates; potassium carbonate imports rose remarkably to $517K in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 49%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Carbonates; Potassium Carbonate in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 162 | 137 | 209 | 233 | 12.9% |
| South Korea | 34.8 | 83.3 | 72.7 | 176 | 71.7% |
| Thailand | 103 | 62.5 | 137 | 76.7 | -9.4% |
| Australia | 0.9 | 3.9 | 17.5 | 26.3 | 208.0% |
| Others | 21.4 | 18.8 | 19.9 | 5.3 | -37.2% |
| Total | 323 | 306 | 456 | 517 | 17.0% |
Top Suppliers of Carbonates; Potassium Carbonate to New Zealand in 2022:
- China (128.0 tons)
- South Korea (96.0 tons)
- Thailand (48.0 tons)
- Australia (10.0 tons)
Carbonates; Potassium Carbonate Exports in New Zealand
In 2022, overseas shipments of carbonates; potassium carbonates decreased by -87.7% to 1 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 26%.
In value terms, carbonates; potassium carbonate exports fell notably to $1.4K in 2022. Overall, exports recorded a significant decrease. The pace of growth was the most pronounced in 2020 when exports increased by 42%.
| Export of Carbonates; Potassium Carbonate in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Fiji | 4.6 | N/A | 1.2 | 1.4 | -32.7% |
| French Polynesia | 4.4 | 14.6 | 0.2 | N/A | -78.7% |
| Australia | 1.3 | N/A | 17.5 | N/A | 266.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.3 | 14.6 | 18.9 | 1.4 | -48.6% |
Top Export Markets for Carbonates; Potassium Carbonate from New Zealand in 2022:
- Fiji (1.0 tons)
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