Indonesia: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in Indonesia

In 2021, the Indonesian calcium ammonium nitrate (CAN) market increased by 87% to $X, rising for the fourth year in a row after two years of decline. In general, consumption saw a significant expansion. Calcium ammonium nitrate (CAN) consumption peaked in 2021 and is expected to retain growth in the near future.

Exports of Calcium Ammonium Nitrate (CAN)

Exports from Indonesia

In 2021, shipments abroad of calcium ammonium nitrate (CAN) decreased by -31.6% to X tons, falling for the second consecutive year after three years of growth. Overall, exports saw a dramatic slump. The pace of growth was the most pronounced in 2019 when exports increased by 304%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, calcium ammonium nitrate (CAN) exports shrank remarkably to $X in 2021. Over the period under review, exports showed a sharp downturn. The pace of growth appeared the most rapid in 2019 with an increase of 411%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) and Brunei Darussalam (X tons) were the main destinations of calcium ammonium nitrate (CAN) exports from Indonesia.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +6.7%).

In value terms, Malaysia ($X) remains the key foreign market for calcium ammonium nitrate (CAN) exports from Indonesia, comprising 130% of total exports. The second position in the ranking was taken by Brunei Darussalam ($X), with a 6.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia amounted to -15.7%.

Export Prices by Country

The average calcium ammonium nitrate (CAN) export price stood at $X per ton in 2021, approximately equating the previous year. In general, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, calcium ammonium nitrate (CAN) export price decreased by -11.3% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 85%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Brunei Darussalam totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (-0.3%).

Imports of Calcium Ammonium Nitrate (CAN)

Imports into Indonesia

In 2021, purchases abroad of calcium ammonium nitrate (CAN) increased by 91% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 346%. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, calcium ammonium nitrate (CAN) imports soared to $X in 2021. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 305%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest calcium ammonium nitrate (CAN) supplier to Indonesia, accounting for a 16% share of total imports. It was followed by the Netherlands (X tons), with a 0.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium totaled +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+16.0% per year) and Switzerland (-95.6% per year).

In value terms, Belgium ($X) constituted the largest supplier of calcium ammonium nitrate (CAN) to Indonesia, comprising 23% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 0.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Belgium totaled +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+12.7% per year) and Switzerland (-92.5% per year).

Import Prices by Country

The average calcium ammonium nitrate (CAN) import price stood at $X per ton in 2021, which is down by -6.1% against the previous year. In general, the import price showed a drastic downturn. The pace of growth appeared the most rapid in 2020 an increase of 9.4%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+68.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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