Turkey: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in Turkey

The Turkish calcium ammonium nitrate (CAN) market soared to $X in 2021, jumping by 78% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Calcium ammonium nitrate (CAN) consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Calcium Ammonium Nitrate (CAN) in Turkey

In value terms, calcium ammonium nitrate (CAN) production soared to $X in 2021 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% 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 +95.0% against 2016 indices. 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 Turkey

For the fifth consecutive year, Turkey recorded growth in overseas shipments of calcium ammonium nitrate (CAN), which increased by 7.1% to X tons in 2021. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2014 when exports increased by 1,155%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, calcium ammonium nitrate (CAN) exports surged to $X in 2021. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 1,133%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Kenya (X tons), Ireland (X tons) and Mozambique (X tons) were the main destinations of calcium ammonium nitrate (CAN) exports from Turkey, together accounting for 48% of total exports. Italy, Romania, Tanzania, South Africa, the UK, Belgium, Spain and Morocco lagged somewhat behind, together comprising a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +66.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for calcium ammonium nitrate (CAN) exported from Turkey were Kenya ($X), Ireland ($X) and Mozambique ($X), together accounting for 47% of total exports. These countries were followed by Romania, Italy, Tanzania, Spain, South Africa, the UK, Belgium and Morocco, which together accounted for a further 41%.

The UK, with a CAGR of +80.3%, saw the highest rates of growth with regard to 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

The average calcium ammonium nitrate (CAN) export price stood at $X per ton in 2021, picking up by 85% against the previous year. Overall, the export price, however, continues to indicate a mild curtailment. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Morocco ($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 Tanzania (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Calcium Ammonium Nitrate (CAN)

Imports into Turkey

In 2021, imports of calcium ammonium nitrate (CAN) into Turkey surged to X tons, rising by 20% against the year before. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 258% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, calcium ammonium nitrate (CAN) imports skyrocketed to $X in 2021. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 235%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) was the main calcium ammonium nitrate (CAN) supplier to Turkey, with a 100% share of total imports. It was followed by Italy (X tons), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest.

In value terms, Germany ($X) constituted the largest supplier of calcium ammonium nitrate (CAN) to Turkey, comprising 98% of total imports. The second position in the ranking was taken by Italy ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest.

Import Prices by Country

The average calcium ammonium nitrate (CAN) import price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 14%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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