Eastern Asia: Market for Calcium Ammonium Nitrate (CAN) 2025

Market Size for Calcium Ammonium Nitrate (CAN) in Eastern Asia

In 2021, the East Asian calcium ammonium nitrate (CAN) market decreased by -7.3% to $X for the first time since 2016, thus ending a four-year rising trend. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 +53.7% against 2016 indices. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Production of Calcium Ammonium Nitrate (CAN) in Eastern Asia

In value terms, calcium ammonium nitrate (CAN) production fell to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 +64.4% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 18%. The level of production peaked at $X in 2020, and then declined in the following year.

Exports of Calcium Ammonium Nitrate (CAN)

Exports in Eastern Asia

In 2021, after three years of growth, there was significant decline in overseas shipments of calcium ammonium nitrate (CAN), when their volume decreased by -36.7% to X tons. Over the period under review, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 410%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, calcium ammonium nitrate (CAN) exports totaled $X in 2021. Overall, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 385% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) and South Korea (X tons) dominates exports structure, together mixing up 92% of total exports. It was distantly followed by Hong Kong SAR (X tons), creating a 6.6% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Hong Kong SAR (with a CAGR of +25.0%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) emerged as the largest calcium ammonium nitrate (CAN) supplier in Eastern Asia, comprising 63% of total exports. The second position in the ranking was held by China ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value in South Korea amounted to +39.9%. The remaining exporting countries recorded the following average annual rates of exports growth: China (+8.5% per year) and Hong Kong SAR (+18.5% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, increasing by 62% against the previous year. Export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

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

Imports of Calcium Ammonium Nitrate (CAN)

Imports in Eastern Asia

In 2021, approx. X tons of calcium ammonium nitrate (CAN) were imported in Eastern Asia; which is down by -14.3% against 2020 figures. In general, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 70% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, calcium ammonium nitrate (CAN) imports soared to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the two major importers of calcium ammonium nitrate (CAN), namely South Korea and Taiwan (Chinese), represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of +6.4%).

In value terms, the largest calcium ammonium nitrate (CAN) importing markets in Eastern Asia were South Korea ($X) and Taiwan (Chinese) ($X).

South Korea, with a CAGR of +6.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, growing by 72% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-0.3%).

Source: IndexBox Platform

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