Italy: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in Italy

After four years of growth, the Italian calcium ammonium nitrate (CAN) market decreased by -6.1% to $X in 2021. In general, consumption, however, saw a remarkable increase. As a result, consumption attained the peak level of $X, and then declined in the following year.

Production of Calcium Ammonium Nitrate (CAN) in Italy

In value terms, calcium ammonium nitrate (CAN) production dropped modestly to $X in 2021 estimated in export price. Overall, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 39% against the previous year. As a result, production reached the peak level of $X, and then shrank slightly in the following year.

Exports of Calcium Ammonium Nitrate (CAN)

Exports from Italy

In 2021, the amount of calcium ammonium nitrate (CAN) exported from Italy fell significantly to X tons, reducing by -42.1% on the previous year's figure. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 37% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, calcium ammonium nitrate (CAN) exports contracted slightly to $X in 2021. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kenya (X tons), Greece (X tons) and Tanzania (X tons) were the main destinations of calcium ammonium nitrate (CAN) exports from Italy, together accounting for 78% of total exports. Bulgaria, Sweden, Croatia, Hungary, Spain and France lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +69.0%), while the other leaders experienced more modest paces of growth.

In value terms, Greece ($X), Kenya ($X) and Tanzania ($X) constituted the largest markets for calcium ammonium nitrate (CAN) exported from Italy worldwide, together comprising 76% of total exports. These countries were followed by Bulgaria, Sweden, Croatia, Hungary, Spain and France, which together accounted for a further 20%.

In terms of the main countries of destination, Bulgaria, with a CAGR of +57.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average calcium ammonium nitrate (CAN) export price amounted to $X per ton, growing by 66% against the previous year. In general, the export price showed a relatively flat trend pattern. 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 destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Croatia ($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 Tanzania (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Calcium Ammonium Nitrate (CAN)

Imports into Italy

In 2021, calcium ammonium nitrate (can) imports into Italy fell sharply to X tons, which is down by -32.1% against the year before. Over the period under review, imports showed a abrupt decline. The growth pace was the most rapid in 2020 when imports increased by 28%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, calcium ammonium nitrate (CAN) imports skyrocketed to $X in 2021. Overall, imports continue to indicate a abrupt setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of calcium ammonium nitrate (CAN) to Italy, accounting for a 63% share of total imports. Moreover, calcium ammonium nitrate (CAN) imports from Turkey exceeded the figures recorded by the second-largest supplier, Austria (X tons), fourfold. Hungary (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-16.1% per year) and Hungary (+34.8% per year).

In value terms, Turkey ($X) constituted the largest supplier of calcium ammonium nitrate (CAN) to Italy, comprising 57% of total imports. The second position in the ranking was held by Hungary ($X), with a 15% share of total imports. It was followed by Austria, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+37.2% per year) and Austria (-14.4% per year).

Import Prices by Country

The average calcium ammonium nitrate (CAN) import price stood at $X per ton in 2021, rising by 71% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :