Malaysia: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in Malaysia

The Malaysian calcium ammonium nitrate (CAN) market surged to $X in 2021, jumping by 18% against the previous year. In general, consumption, however, continues to indicate a noticeable descent. Calcium ammonium nitrate (CAN) consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Calcium Ammonium Nitrate (CAN) in Malaysia

In value terms, calcium ammonium nitrate (CAN) production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by 35% against the previous year. Calcium ammonium nitrate (CAN) production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Calcium Ammonium Nitrate (CAN)

Exports from Malaysia

In 2021, after two years of growth, there was significant decline in overseas shipments of calcium ammonium nitrate (CAN), when their volume decreased by -52.7% to X tons. Overall, exports saw a dramatic decline. The pace of growth appeared the most rapid in 2015 when exports increased by 202% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, calcium ammonium nitrate (CAN) exports plummeted to $X in 2021. In general, exports continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2015 with an increase of 137% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X tons) was the main destination for calcium ammonium nitrate (CAN) exports from Malaysia, accounting for a 92% share of total exports. Moreover, calcium ammonium nitrate (CAN) exports to Papua New Guinea exceeded the volume sent to the second major destination, Brunei Darussalam (X kg), more than tenfold. The third position in this ranking was held by Singapore (X kg), with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume to Papua New Guinea totaled -14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (-24.4% per year) and Singapore (-8.9% per year).

In value terms, Papua New Guinea ($X) remains the key foreign market for calcium ammonium nitrate (CAN) exports from Malaysia, comprising 97% of total exports. The second position in the ranking was held by Indonesia ($X), with a 1.1% share of total exports. It was followed by Brunei Darussalam, with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Papua New Guinea totaled -21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-59.1% per year) and Brunei Darussalam (-32.5% per year).

Export Prices by Country

In 2021, the average calcium ammonium nitrate (CAN) export price amounted to $X per ton, shrinking by -3.1% against the previous year. Overall, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of 5.6% against the previous year. The export price peaked 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 Vietnam ($X per ton), while the average price for exports to Singapore ($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 the Philippines (+26.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Calcium Ammonium Nitrate (CAN)

Imports into Malaysia

In 2021, supplies from abroad of calcium ammonium nitrate (CAN) was finally on the rise to reach X tons after three years of decline. In general, imports, however, recorded a drastic downturn. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, calcium ammonium nitrate (CAN) imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a noticeable descent. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Vietnam (X tons) and the Netherlands (X tons) were the main suppliers of calcium ammonium nitrate (CAN) imports to Malaysia, with a combined 96% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +14.4%), while purchases for the other leaders experienced a decline.

In value terms, Vietnam ($X) constituted the largest supplier of calcium ammonium nitrate (CAN) to Malaysia, comprising 62% of total imports. The second position in the ranking was taken by China ($X), with a 28% share of total imports. It was followed by the Netherlands, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Vietnam amounted to +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.2% per year) and the Netherlands (-3.1% per year).

Import Prices by Country

The average calcium ammonium nitrate (CAN) import price stood at $X per ton in 2021, increasing by 21% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, calcium ammonium nitrate (CAN) import price increased by +133.2% against 2016 indices. The growth pace was the most rapid in 2017 when the average import price increased by 52%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the near future.

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 Vietnam ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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