Norway: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in Norway

In 2021, the Norwegian calcium ammonium nitrate (CAN) market increased by 0.5% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% 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 +59.0% against 2019 indices. Calcium ammonium nitrate (CAN) consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Calcium Ammonium Nitrate (CAN) in Norway

In value terms, calcium ammonium nitrate (CAN) production rose to $X in 2021 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.9% 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 +59.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 54%. Calcium ammonium nitrate (CAN) production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Calcium Ammonium Nitrate (CAN)

Exports from Norway

In 2021, overseas shipments of calcium ammonium nitrate (CAN) decreased by -31.8% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 145% against the previous year. Over the period under review, the exports hit record highs 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 dropped modestly to $X in 2021. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 168%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons), Iceland (X tons) and Spain (X tons) were the main destinations of calcium ammonium nitrate (CAN) exports from Norway, together accounting for 87% of total exports. Australia and the Philippines lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +70.4%), while the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X) remains the key foreign market for calcium ammonium nitrate (CAN) exports from Norway, comprising 48% of total exports. The second position in the ranking was taken by Iceland ($X), with an 18% share of total exports. It was followed by Spain, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value to New Zealand amounted to +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (-15.7% per year) and Spain (-6.1% per year).

Export Prices by Country

The average calcium ammonium nitrate (CAN) export price stood at $X per ton in 2021, rising by 42% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Iceland ($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 Australia (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Calcium Ammonium Nitrate (CAN)

Imports into Norway

In 2017, the amount of calcium ammonium nitrate (CAN) imported into Norway amounted to X kg, standing approx. at the previous year. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports hit record highs in 2017 and are expected to retain growth in the immediate term.

In value terms, calcium ammonium nitrate (CAN) imports amounted to $X in 2017. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports attained the maximum in 2017 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), Russia (X tons) and Lithuania (X tons) were the main suppliers of calcium ammonium nitrate (CAN) imports to Norway, with a combined 75% share of total imports. Denmark lagged somewhat behind, comprising a further 25%. Moreover, calcium ammonium nitrate (CAN) imports in Germany exceeded the figures recorded by the second-largest supplier, Russia, more than tenfold.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +1,133.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and Lithuania ($X) were the largest calcium ammonium nitrate (CAN) suppliers to Norway, together comprising 75% of total imports. Denmark lagged somewhat behind, accounting for a further 25%. Moreover, calcium ammonium nitrate (CAN) imports in Germany exceeded the figures recorded by the second-largest supplier, Russia, more than tenfold.

Denmark, with a CAGR of +978.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average calcium ammonium nitrate (CAN) import price stood at less than $X per ton in 2021, standing approx. at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 a decrease of 99.9%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Denmark ($X per ton), while the price for Lithuania ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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