MERCOSUR: Market for Calcium Ammonium Nitrate (CAN) 2025

Market Size for Calcium Ammonium Nitrate (CAN) in MERCOSUR

In 2021, the MERCOSUR calcium ammonium nitrate (CAN) market decreased by -6.7% to $X for the first time since 2016, thus ending a four-year rising trend. The total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% 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 +43.9% against 2016 indices. As a result, consumption attained the peak level of $X, and then declined in the following year.

Production of Calcium Ammonium Nitrate (CAN) in MERCOSUR

In value terms, calcium ammonium nitrate (CAN) production dropped to $X in 2021 estimated in export price. The total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +49.5% against 2017 indices. The pace of growth was the most pronounced in 2020 with an increase of 18% against the previous year. As a result, production reached the peak level of $X, and then contracted in the following year.

Exports of Calcium Ammonium Nitrate (CAN)

Exports in MERCOSUR

In 2021, exports of calcium ammonium nitrate (CAN) in MERCOSUR declined notably to X tons, reducing by -71.4% compared with the previous year's figure. In general, exports saw a sharp descent. The most prominent rate of growth was recorded in 2019 with an increase of 961%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, calcium ammonium nitrate (CAN) exports dropped sharply to $X in 2021. Overall, exports saw a sharp curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 552%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Argentina dominates exports structure, finishing at X tons, which was near 92% of total exports in 2021. It was distantly followed by Chile (X tons), generating an 8.4% share of total exports.

Argentina was also the fastest-growing in terms of the calcium ammonium nitrate (CAN) exports, with a CAGR of -7.7% from 2012 to 2021. Chile (-28.3%) illustrated a downward trend over the same period. While the share of Argentina (+87 p.p.) and Chile (+3.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest calcium ammonium nitrate (CAN) supplier in MERCOSUR, comprising 95% of total exports. The second position in the ranking was held by Chile ($X), with a 4.9% share of total exports.

In Argentina, calcium ammonium nitrate (CAN) exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, increasing by 77% against the previous year. Over the period under review, the export price showed a resilient expansion. 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 Argentina ($X per ton), while Chile amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+8.2%).

Imports of Calcium Ammonium Nitrate (CAN)

Imports in MERCOSUR

Calcium ammonium nitrate (CAN) imports reduced notably to X tons in 2021, declining by -17.3% against 2020 figures. Total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -17.3% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by 59%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, calcium ammonium nitrate (CAN) imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 34% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

Suriname dominates imports structure, amounting to X tons, which was near 89% of total imports in 2021. It was distantly followed by Chile (X tons), creating a 7.1% share of total imports. Ecuador (X tons) followed a long way behind the leaders.

Imports into Suriname increased at an average annual rate of +6.4% from 2012 to 2021. At the same time, Ecuador (+23.8%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +23.8% from 2012-2021. By contrast, Chile (-6.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Suriname and Ecuador increased by +14 and +2.8 percentage points, respectively.

In value terms, Suriname ($X) constitutes the largest market for imported calcium ammonium nitrate (CAN) in MERCOSUR, comprising 89% of total imports. The second position in the ranking was taken by Chile ($X), with a 7.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Suriname stood at +6.0%. In the other countries, the average annual rates were as follows: Chile (-8.4% per year) and Ecuador (+18.1% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, growing by 62% against the previous year. In general, the import price, however, saw a mild downturn. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Suriname (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform