Canada: Market for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution 2024

Market Size for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in Canada

The Canadian market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution rose markedly to $X in 2022, increasing by 14% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked in 2022 and is likely to see steady growth in years to come.

Production of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in Canada

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution reduced modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 23% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Exports from Canada

In 2022, overseas shipments of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by 2.6% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 28% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution surged to $X in 2022. Over the period under review, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution from Canada, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +2.2%.

In value terms, the United States ($X) also remains the key foreign market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exports from Canada.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +7.1%.

Export Prices by Country

The average export price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution stood at $X per ton in 2022, picking up by 81% against the previous year. In general, the export price posted a moderate increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +4.8% per year.

Imports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Imports into Canada

In 2022, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution into Canada skyrocketed to X tons, jumping by 67% against the previous year. Overall, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 142% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution surged to $X in 2022. In general, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 127%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The United States (X tons), Trinidad and Tobago (X tons) and Russia (X tons) were the main suppliers of imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution to Canada, together comprising 97% of total imports. The Netherlands lagged somewhat behind, accounting for a further 2.7%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +88.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Trinidad and Tobago ($X) and the Netherlands ($X) were the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution suppliers to Canada, with a combined 94% share of total imports.

The Netherlands, with a CAGR of +98.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution amounted to $X per ton, falling by -2.4% against the previous year. Over the period under review, the import price saw a slight decrease. The pace of growth appeared the most rapid in 2021 an increase of 51% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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