Spain: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in Spain

The Spanish calcium ammonium nitrate (CAN) market surged to $X in 2021, increasing by 25% against the previous year. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Calcium Ammonium Nitrate (CAN) in Spain

In value terms, calcium ammonium nitrate (CAN) production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Calcium Ammonium Nitrate (CAN)

Exports from Spain

In 2021, calcium ammonium nitrate (can) exports from Spain shrank sharply to X tons, falling by -19.1% against the previous year's figure. Over the period under review, total exports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 43%. The exports peaked at X tons in 2020, and then contracted markedly in the following year.

In value terms, calcium ammonium nitrate (CAN) exports surged to $X in 2021. Overall, exports, however, saw slight growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Ireland (X tons) and the Netherlands (X tons) were the main destinations of calcium ammonium nitrate (CAN) exports from Spain, with a combined 82% share of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +9.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for calcium ammonium nitrate (CAN) exported from Spain were France ($X), Ireland ($X) and the Netherlands ($X), with a combined 81% share of total exports. These countries were followed by the UK, Belgium and Sweden, which together accounted for a further 17%.

In terms of the main countries of destination, Sweden, with a CAGR of +26.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average calcium ammonium nitrate (CAN) export price amounted to $X per ton, rising by 77% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Sweden ($X per ton) and the UK ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Belgium ($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 Sweden (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Calcium Ammonium Nitrate (CAN)

Imports into Spain

Calcium ammonium nitrate (CAN) imports into Spain declined to X tons in 2021, waning by -14.5% against the previous year. In general, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of 71%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, calcium ammonium nitrate (CAN) imports surged to $X in 2021. Overall, total imports indicated a strong expansion 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 attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Portugal (X tons) was the main supplier of calcium ammonium nitrate (CAN) to Spain, accounting for a 105% share of total imports. Moreover, calcium ammonium nitrate (CAN) imports from Portugal exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a 21% share.

From 2012 to 2021, the average annual growth rate of volume from Portugal stood at +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+3.0% per year) and Turkey (+7.1% per year).

In value terms, Portugal ($X) constituted the largest supplier of calcium ammonium nitrate (CAN) to Spain, comprising 96% of total imports. The second position in the ranking was taken by Belgium ($X), with a 41% share of total imports. It was followed by Turkey, with an 18% share.

From 2012 to 2021, the average annual growth rate of value from Portugal amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+5.5% per year) and Turkey (+2.8% per year).

Import Prices by Country

The average calcium ammonium nitrate (CAN) import price stood at $X per ton in 2021, jumping by 74% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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