Thailand: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in Thailand

In 2021, after four years of growth, there was significant decline in the Thai calcium ammonium nitrate (CAN) market, when its value decreased by -6.1% to $X. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +80.2% against 2016 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then declined in the following year.

Production of Calcium Ammonium Nitrate (CAN) in Thailand

In value terms, calcium ammonium nitrate (CAN) production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 50%. Calcium ammonium nitrate (CAN) production peaked at $X in 2020, and then dropped in the following year.

Exports of Calcium Ammonium Nitrate (CAN)

Exports from Thailand

In 2019, overseas shipments of calcium ammonium nitrate (CAN) decreased by -69.8% to X tons, falling for the fourth year in a row after four years of growth. Over the period under review, exports showed a mild curtailment. The growth pace was the most rapid in 2014 when exports increased by 340%. The exports peaked at X tons in 2015; however, from 2016 to 2019, the exports remained at a lower figure.

In value terms, calcium ammonium nitrate (CAN) exports contracted markedly to $X in 2019. In general, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of 230%. The exports peaked at $X in 2015; however, from 2016 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons), Myanmar (X tons) and Malaysia (X tons) were the main destinations of calcium ammonium nitrate (CAN) exports from Thailand, together accounting for 97% of total exports.

From 2012 to 2019, the biggest increases were recorded for Malaysia (with a CAGR of +27.2%), 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 Thailand were Malaysia ($X), Myanmar ($X) and Vietnam ($X), together comprising 99% of total exports.

Vietnam, with a CAGR of +25.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average calcium ammonium nitrate (CAN) export price amounted to $X per ton, rising by 87% against the previous year. Overall, the export price, however, showed a perceptible decrease. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2019, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Uganda ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+6.3%), while the prices for the other major destinations experienced a decline.

Imports of Calcium Ammonium Nitrate (CAN)

Imports into Thailand

For the seventh consecutive year, Thailand recorded growth in overseas purchases of calcium ammonium nitrate (CAN), which increased by 20% to X tons in 2021. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 258%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, calcium ammonium nitrate (CAN) imports skyrocketed to $X in 2021. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2013 when imports increased by 235%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

China (X tons) and Belgium (X tons) were the main suppliers of calcium ammonium nitrate (CAN) imports to Thailand.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +1.3%).

In value terms, the largest calcium ammonium nitrate (CAN) suppliers to Thailand were China ($X) and Belgium ($X).

China, with a CAGR of +6.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2021, the average calcium ammonium nitrate (CAN) import price amounted to $X per ton, leveling off at the previous year. In general, the import price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 14%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%).

Source: IndexBox Platform

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