Asia-Pacific: Market for Calcium Ammonium Nitrate (CAN) 2025

Market Size for Calcium Ammonium Nitrate (CAN) in Asia-Pacific

In 2021, the Asia-Pacific calcium ammonium nitrate (CAN) market decreased by -7.1% to $X for the first time since 2016, thus ending a four-year rising trend. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +47.2% against 2016 indices. The level of consumption peaked at $X in 2020, and then declined in the following year.

Production of Calcium Ammonium Nitrate (CAN) in Asia-Pacific

In value terms, calcium ammonium nitrate (CAN) production dropped to $X in 2021 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +53.8% against 2016 indices. The growth pace was the most rapid in 2019 when the production volume increased by 19% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then shrank in the following year.

Exports of Calcium Ammonium Nitrate (CAN)

Exports in Asia-Pacific

In 2021, overseas shipments of calcium ammonium nitrate (CAN) decreased by -35.5% to X tons, falling for the fifth year in a row after five years of growth. In general, exports, however, continue to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 196%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, calcium ammonium nitrate (CAN) exports expanded notably to $X in 2021. Overall, exports, however, recorded a temperate increase. The pace of growth was the most pronounced in 2014 with an increase of 141%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) and South Korea (X tons) prevails in exports structure, together creating 85% of total exports. It was distantly followed by Hong Kong SAR (X tons), generating a 6.1% share of total exports. India (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +44.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) emerged as the largest calcium ammonium nitrate (CAN) supplier in Asia-Pacific, comprising 58% of total exports. The second position in the ranking was held by China ($X), with a 23% share of total exports. It was followed by Hong Kong SAR, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Korea amounted to +39.9%. In the other countries, the average annual rates were as follows: China (+8.5% per year) and Hong Kong SAR (+18.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, with an increase of 65% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. 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 amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+13.0%), while the other leaders experienced a decline in the export price figures.

Imports of Calcium Ammonium Nitrate (CAN)

Imports in Asia-Pacific

In 2021, calcium ammonium nitrate (can) imports in Asia-Pacific amounted to X tons, with an increase of 1.8% on the previous year. In general, imports showed prominent growth. The pace of growth was the most pronounced in 2015 when imports increased by 42% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, calcium ammonium nitrate (CAN) imports soared to $X in 2021. Overall, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the seven major importers of calcium ammonium nitrate (CAN), namely Tonga, Timor-Leste, Thailand, Solomon Islands, Sri Lanka, South Korea and Taiwan (Chinese), represented more than two-thirds of total import.

From 2012 to 2021, the biggest increases were recorded for Timor-Leste (with a CAGR of +33.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Tonga ($X), Timor-Leste ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 39% share of total imports.

Timor-Leste, with a CAGR of +30.6%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, rising by 34% against the previous year. Over the period under review, the import price, however, recorded a slight slump. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and Sri Lanka ($X per ton), while Thailand ($X per ton) and Timor-Leste ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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