Southern Asia: Market for Calcium Ammonium Nitrate (CAN) 2025

Market Size for Calcium Ammonium Nitrate (CAN) in Southern Asia

In 2021, the South Asian calcium ammonium nitrate (CAN) market decreased by -10.1% to $X for the first time since 2017, thus ending a three-year rising trend. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.9% 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 +71.8% against 2017 indices. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Production of Calcium Ammonium Nitrate (CAN) in Southern Asia

In value terms, calcium ammonium nitrate (CAN) production contracted to $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +89.7% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. As a result, production reached the peak level of $X, and then dropped in the following year.

Exports of Calcium Ammonium Nitrate (CAN)

Exports in Southern Asia

In 2021, the amount of calcium ammonium nitrate (CAN) exported in Southern Asia contracted markedly to X tons, which is down by -38.4% compared with 2020 figures. Overall, exports, however, enjoyed a noticeable expansion. The growth pace was the most rapid in 2017 when exports increased by 649% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, calcium ammonium nitrate (CAN) exports shrank rapidly to $X in 2021. Over the period under review, exports recorded a slight setback. The pace of growth was the most pronounced in 2017 when exports increased by 574% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, India (X tons) was the largest exporter of calcium ammonium nitrate (CAN), making up 84% of total exports. It was distantly followed by Sri Lanka (X tons), generating a 16% share of total exports.

India was also the fastest-growing in terms of the calcium ammonium nitrate (CAN) exports, with a CAGR of +44.8% from 2012 to 2021. Sri Lanka (-15.1%) illustrated a downward trend over the same period. While the share of India (+80 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sri Lanka (-79.6 p.p.) displayed negative dynamics.

In value terms, the largest calcium ammonium nitrate (CAN) supplying countries in Southern Asia were India ($X) and Sri Lanka ($X).

India, with a CAGR of +35.4%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, rising by 8.6% against the previous year. In general, the export price, however, continues to indicate a noticeable reduction. The growth pace was the most rapid in 2019 an increase of 48%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+4.2%).

Imports of Calcium Ammonium Nitrate (CAN)

Imports in Southern Asia

Calcium ammonium nitrate (CAN) imports declined to X tons in 2021, which is down by -14.6% on 2020 figures. Overall, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 71% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, calcium ammonium nitrate (CAN) imports skyrocketed to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of calcium ammonium nitrate (CAN) imports in 2021 were Sri Lanka (X tons), together finishing at 100% of total import.

Sri Lanka was also the fastest-growing in terms of the calcium ammonium nitrate (CAN) imports, with a CAGR of +6.4% from 2012 to 2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Sri Lanka ($X) constitutes the largest market for imported calcium ammonium nitrate (CAN) in Southern Asia.

In Sri Lanka, calcium ammonium nitrate (CAN) imports expanded at an average annual rate of +6.0% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, surging by 73% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Sri Lanka.

From 2012 to 2021, the rate of growth in terms of prices for Sri Lanka amounted to -0.3% per year.

Source: IndexBox Platform

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