Overview of the Global Market for Calcium Ammonium Nitrate (CAN)

Market Size for Calcium Ammonium Nitrate (CAN)

In 2021, the global calcium ammonium nitrate (CAN) market decreased by -0.2% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 +46.3% against 2016 indices. Global consumption peaked at $X in 2020, and then dropped slightly in the following year.

Production of Calcium Ammonium Nitrate (CAN)

In value terms, calcium ammonium nitrate (CAN) production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 13% against the previous year. Global production peaked at $X in 2020, and then shrank modestly in the following year.

Exports of Calcium Ammonium Nitrate (CAN)

Exports

In 2021, shipments abroad of calcium ammonium nitrate (CAN) decreased by -1.4% to X tons, falling for the second consecutive year after four years of growth. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 14% against the previous year. The global exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, calcium ammonium nitrate (CAN) exports surged to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the global exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, the Netherlands (X tons), distantly followed by Belgium (X tons), Germany (X tons), Slovakia (X tons), Turkey (X tons) and Hungary (X tons) represented the major exporters of calcium ammonium nitrate (CAN), together mixing up 67% of total exports. Lithuania (X tons), Russia (X tons), Poland (X tons), Ukraine (X tons), France (X tons), Spain (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to calcium ammonium nitrate (CAN) exports from the Netherlands stood at -3.6%. At the same time, Turkey (+31.6%), Belgium (+11.3%), Hungary (+6.7%), Ukraine (+4.7%), France (+4.4%), Germany (+3.5%), Slovakia (+1.1%) and Spain (+1.1%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +31.6% from 2012-2021. The Czech Republic, Lithuania and Poland experienced a relatively flat trend pattern. By contrast, Russia (-1.7%) illustrated a downward trend over the same period. While the share of Belgium (+7.5 p.p.), Turkey (+5 p.p.), Germany (+2.6 p.p.) and Hungary (+2.1 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of the Netherlands (-12.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Belgium ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2021, together comprising 56% of global exports. These countries were followed by Slovakia, Lithuania, Turkey, Hungary, Poland, Russia, France, Spain, the Czech Republic and Ukraine, which together accounted for a further 38%.

In terms of the main exporting countries, Turkey, with a CAGR of +29.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global 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, picking up by 55% against the previous year. In general, the export price, however, continues to indicate a slight downturn. The global export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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 Belgium ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.8%), while the other global leaders experienced mixed trends in the export price figures.

Imports of Calcium Ammonium Nitrate (CAN)

Imports

For the fifth year in a row, the global market recorded growth in supplies from abroad of calcium ammonium nitrate (CAN), which increased by 5.1% to X tons in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.9% against 2013 indices. The pace of growth was the most pronounced in 2017 with an increase of 12% against the previous year. Global 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. In general, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +114.3% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Free Zones (X tons), France (X tons), Belize (X tons), Belgium (X tons), the UK (X tons), Hungary (X tons), Ireland (X tons), Denmark (X tons), Moldova (X tons), Mexico (X tons), Mongolia (X tons) and the Netherlands (X tons) represented roughly 64% of total imports in 2021. Poland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +35.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest calcium ammonium nitrate (CAN) importing markets worldwide were France ($X), Free Zones ($X) and the UK ($X), together accounting for 27% of global imports. These countries were followed by Belize, Belgium, Ireland, Denmark, Mongolia, Mexico, Moldova, Hungary, the Netherlands and Poland, which together accounted for a further 39%.

In terms of the main importing countries, Mexico, with a CAGR of +32.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average calcium ammonium nitrate (CAN) import price stood at $X per ton in 2021, picking up by 53% against the previous year. In general, the import price, however, continues to indicate a perceptible decline. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.5%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :