Australia: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in Australia

In 2021, after three years of decline, there was significant growth in the Australian calcium ammonium nitrate (CAN) market, when its value increased by 6.7% to $X. In general, consumption enjoyed buoyant growth. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Calcium Ammonium Nitrate (CAN) in Australia

In value terms, calcium ammonium nitrate (CAN) production rose rapidly to $X in 2021 estimated in export price. Overall, production enjoyed a prominent increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 99.9% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Exports of Calcium Ammonium Nitrate (CAN)

Exports from Australia

In 2021, overseas shipments of calcium ammonium nitrate (CAN) increased by 66% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 410%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, calcium ammonium nitrate (CAN) exports soared to $X in 2021. Overall, exports, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2014 when exports increased by 334% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for calcium ammonium nitrate (CAN) exports from Australia, with a 63% share of total exports. Moreover, calcium ammonium nitrate (CAN) exports to the United States exceeded the volume sent to the second major destination, Fiji (X tons), fourfold. The third position in this ranking was held by the Czech Republic (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +65.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+113.4% per year) and the Czech Republic (0.0% per year).

In value terms, the largest markets for calcium ammonium nitrate (CAN) exported from Australia were Indonesia ($X), Fiji ($X) and the Czech Republic ($X), with a combined 64% share of total exports.

Indonesia, with a CAGR of +91.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average calcium ammonium nitrate (CAN) export price stood at $X per ton in 2021, picking up by 20% against the previous year. In general, the export price continues to indicate measured growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 66%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (-8.4%), while the prices for the other major destinations experienced a decline.

Imports of Calcium Ammonium Nitrate (CAN)

Imports into Australia

In 2021, overseas purchases of calcium ammonium nitrate (CAN) decreased by -24.1% to X tons, falling for the second consecutive year after three years of growth. Overall, imports saw a pronounced curtailment. The pace of growth was the most pronounced in 2019 when imports increased by 98%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, calcium ammonium nitrate (CAN) imports reached $X in 2021. Over the period under review, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 106% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest calcium ammonium nitrate (CAN) supplier to Australia, with a 10% share of total imports. Moreover, calcium ammonium nitrate (CAN) imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), fivefold. Norway (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+4.7% per year) and Norway (+2.1% per year).

In value terms, China ($X) constituted the largest supplier of calcium ammonium nitrate (CAN) to Australia, comprising 12% of total imports. The second position in the ranking was held by Norway ($X), with a 2.3% share of total imports. It was followed by Hong Kong SAR, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+7.7% per year) and Hong Kong SAR (+5.9% per year).

Import Prices by Country

In 2021, the average calcium ammonium nitrate (CAN) import price amounted to $X per ton, jumping by 33% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained 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 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :