Vietnam: Market for Calcium Ammonium Nitrate (CAN) 2025

Market Size for Calcium Ammonium Nitrate (CAN) in Vietnam

After three years of growth, the Vietnamese calcium ammonium nitrate (CAN) market decreased by -13% to $X in 2021. In general, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% 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 +52.8% against 2017 indices. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Production of Calcium Ammonium Nitrate (CAN) in Vietnam

In value terms, calcium ammonium nitrate (CAN) production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.1% 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 +48.0% against 2017 indices. The growth pace was the most rapid in 2019 with an increase of 25% against the previous year. Calcium ammonium nitrate (CAN) production peaked at $X in 2020, and then contracted in the following year.

Exports of Calcium Ammonium Nitrate (CAN)

Exports from Vietnam

In 2021, exports of calcium ammonium nitrate (CAN) from Vietnam fell markedly to X tons, shrinking by -80.9% compared with 2020. In general, exports continue to indicate a precipitous decline. The pace of growth appeared the most rapid in 2014 with an increase of 1,097%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, calcium ammonium nitrate (CAN) exports fell significantly to $X in 2021. Overall, exports recorded a dramatic slump. The pace of growth appeared the most rapid in 2014 when exports increased by 1,460% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for calcium ammonium nitrate (CAN) exports from Vietnam, with a approx. 62% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Malaysia amounted to -41.5%.

In value terms, Malaysia ($X) also remains the key foreign market for calcium ammonium nitrate (CAN) exports from Vietnam.

From 2012 to 2021, the average annual growth rate of value to Malaysia totaled -44.2%.

Export Prices by Country

In 2021, the average calcium ammonium nitrate (CAN) export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price recorded a drastic downturn. The growth pace was the most rapid in 2014 when the average export price increased by 30% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to -4.6% per year.

Imports of Calcium Ammonium Nitrate (CAN)

Imports into Vietnam

In 2018, approx. X tons of calcium ammonium nitrate (CAN) were imported into Vietnam; almost unchanged from the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. Imports peaked in 2018 and are likely to see gradual growth in the immediate term.

In value terms, calcium ammonium nitrate (CAN) imports stood at $X in 2018. Overall, imports continue to indicate a relatively flat trend pattern. Imports peaked in 2018 and are likely to continue growth in the near future.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Croatia (X tons) were the main suppliers of calcium ammonium nitrate (CAN) imports to Vietnam, with a combined 50% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +28.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest calcium ammonium nitrate (CAN) suppliers to Vietnam were the Netherlands ($X), Croatia ($X) and Belgium ($X), with a combined 50% share of total imports.

The Netherlands, with a CAGR of +13.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average calcium ammonium nitrate (CAN) import price stood at less than $X per ton in 2021, stabilizing at the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 a decrease of 99.9%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 Thailand ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+42.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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