Chile: Ammonium Nitrate Market 2024

Ammonium Nitrate Market Size in Chile

In 2021, the Chilean ammonium nitrate market decreased by -6.9% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, showed a prominent increase. Ammonium nitrate consumption peaked at $X in 2020, and then shrank in the following year.

Ammonium Nitrate Production in Chile

In value terms, ammonium nitrate production amounted to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a slight setback. The most prominent rate of growth was recorded in 2018 with an increase of 2.7%. Ammonium nitrate production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Ammonium Nitrate Exports

Exports from Chile

In 2021, exports of ammonium nitrate from Chile skyrocketed to X tons, rising by 28% on the year before. Over the period under review, exports, however, saw a deep setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, ammonium nitrate exports surged to $X in 2021. Overall, exports, however, recorded a abrupt downturn. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X tons) was the main destination for ammonium nitrate exports from Chile, accounting for a 57% share of total exports. Moreover, ammonium nitrate exports to Peru exceeded the volume sent to the second major destination, Bolivia (X tons), fivefold. The third position in this ranking was taken by Argentina (X tons), with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Peru stood at -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-1.5% per year) and Argentina (-10.1% per year).

In value terms, Peru ($X) remains the key foreign market for ammonium nitrate exports from Chile, comprising 57% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 14% share of total exports. It was followed by Argentina, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value to Peru amounted to -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-2.5% per year) and Argentina (-12.6% per year).

Export Prices by Country

In 2021, the average ammonium nitrate export price amounted to $X per ton, growing by 30% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced curtailment. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Mauritania ($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 Bolivia (-1.0%), while the prices for the other major destinations experienced a decline.

Ammonium Nitrate Imports

Imports into Chile

In 2021, the amount of ammonium nitrate imported into Chile surged to X tons, with an increase of 32% compared with the previous year's figure. Overall, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 68%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, ammonium nitrate imports surged to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest ammonium nitrate supplier to Chile, with a 76% share of total imports. Moreover, ammonium nitrate imports from Russia exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fivefold. The third position in this ranking was held by Switzerland (X tons), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+1.5% per year) and Switzerland (0.0% per year).

In value terms, Russia ($X) constituted the largest supplier of ammonium nitrate to Chile, comprising 75% of total imports. The second position in the ranking was taken by Sweden ($X), with a 17% share of total imports. It was followed by Switzerland, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-1.1% per year) and Switzerland (0.0% per year).

Import Prices by Country

The average ammonium nitrate import price stood at $X per ton in 2021, growing by 30% against the previous year. Overall, the import price, however, recorded a perceptible decrease. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Argentina ($X per ton) and Sweden ($X per ton), while the price for Switzerland ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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