China: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in China

In 2021, the Chinese calcium ammonium nitrate (CAN) market decreased by -9.3% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Calcium ammonium nitrate (CAN) consumption peaked at $X in 2020, and then declined in the following year.

Production of Calcium Ammonium Nitrate (CAN) in China

In value terms, calcium ammonium nitrate (CAN) production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 19% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then reduced in the following year.

Exports of Calcium Ammonium Nitrate (CAN)

Exports from China

In 2021, shipments abroad of calcium ammonium nitrate (CAN) decreased by -64.9% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 439%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, calcium ammonium nitrate (CAN) exports fell notably to $X in 2021. Over the period under review, exports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 409%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Tanzania (X tons), South Africa (X tons) and Malaysia (X tons) were the main destinations of calcium ammonium nitrate (CAN) exports from China, with a combined 69% share of total exports. Thailand, Ghana, Malawi, Canada, the United Arab Emirates, Australia and Myanmar lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +59.9%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Tanzania ($X) and Malaysia ($X) appeared to be the largest markets for calcium ammonium nitrate (CAN) exported from China worldwide, together comprising 53% of total exports. Thailand, Ghana, Malawi, Canada, Australia, Myanmar and the United Arab Emirates lagged somewhat behind, together comprising a further 34%.

Among the main countries of destination, Myanmar, with a CAGR of +58.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average calcium ammonium nitrate (CAN) export price amounted to $X per ton, dropping by -3.6% against the previous year. In general, the export price showed a perceptible downturn. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Tanzania ($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 Myanmar (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Calcium Ammonium Nitrate (CAN)

Imports into China

In 2021, supplies from abroad of calcium ammonium nitrate (CAN) increased by 37% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 4,217% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, calcium ammonium nitrate (CAN) imports skyrocketed to $X in 2021. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 2,489% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) was the main supplier of calcium ammonium nitrate (CAN) to China, accounting for a 99% share of total imports. It was followed by Germany (X kg), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium stood at +105.0%.

In value terms, Belgium ($X) constituted the largest supplier of calcium ammonium nitrate (CAN) to China, comprising 97% of total imports. The second position in the ranking was held by Germany ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Belgium totaled +96.5%.

Import Prices by Country

In 2021, the average calcium ammonium nitrate (CAN) import price amounted to $X per ton, rising by 21% against the previous year. Overall, the import price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2019 an increase of 72% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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