Portugal: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in Portugal

In 2021, the Portuguese calcium ammonium nitrate (CAN) market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Calcium Ammonium Nitrate (CAN) in Portugal

In value terms, calcium ammonium nitrate (CAN) production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. Calcium ammonium nitrate (CAN) production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Calcium Ammonium Nitrate (CAN)

Exports from Portugal

In 2021, after two years of growth, there was significant decline in overseas shipments of calcium ammonium nitrate (CAN), when their volume decreased by -5.8% to X tons. In general, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 55%. The exports peaked at X tons in 2020, and then reduced in the following year.

In value terms, calcium ammonium nitrate (CAN) exports skyrocketed to $X in 2021. Over the period under review, exports, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2019 when exports increased by 39% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for calcium ammonium nitrate (CAN) exports from Portugal, with a 80% share of total exports. Moreover, calcium ammonium nitrate (CAN) exports to Spain exceeded the volume sent to the second major destination, the UK (X tons), eightfold. Ireland (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain totaled +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+97.2% per year) and Ireland (+4.4% per year).

In value terms, Spain ($X) remains the key foreign market for calcium ammonium nitrate (CAN) exports from Portugal, comprising 76% of total exports. The second position in the ranking was held by the UK ($X), with a 12% share of total exports. It was followed by Ireland, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+136.2% per year) and Ireland (+20.3% per year).

Export Prices by Country

The average calcium ammonium nitrate (CAN) export price stood at $X per ton in 2021, increasing by 38% against the previous year. Overall, the export price, however, showed a perceptible downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were France ($X per ton) and Ireland ($X per ton), while the average price for exports to Spain ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Calcium Ammonium Nitrate (CAN)

Imports into Portugal

In 2021, the amount of calcium ammonium nitrate (CAN) imported into Portugal skyrocketed to X tons, rising by 27% on 2020. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 57% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, calcium ammonium nitrate (CAN) imports skyrocketed to $X in 2021. In general, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 58% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of calcium ammonium nitrate (CAN) to Portugal, with a 86% share of total imports. Moreover, calcium ammonium nitrate (CAN) imports from Belgium exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from Belgium amounted to +64.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-7.1% per year) and the Netherlands (-81.6% per year).

In value terms, Belgium ($X) constituted the largest supplier of calcium ammonium nitrate (CAN) to Portugal, comprising 68% of total imports. The second position in the ranking was held by Spain ($X), with a 32% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium totaled +49.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-4.7% per year) and the Netherlands (-76.4% per year).

Import Prices by Country

The average calcium ammonium nitrate (CAN) import price stood at $X per ton in 2021, with an increase of 6.9% against the previous year. Overall, the import price, however, recorded a abrupt setback. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+28.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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