Calcium Ammonium Nitrate (CAN) Market

The article discusses the increasing demand for calcium ammonium nitrate (CAN) worldwide, projecting a growth in consumption and market value over the next eight years. It provides detailed data on market performance, consumption trends, production rates, imports, and exports of CAN across different countries. The analysis captures the key players in the market, including top importers and exporters, along with insights into pricing trends and future growth prospects.

Market Forecast

Driven by increasing demand for calcium ammonium nitrate (CAN) worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.8% for the period from 2022 to 2030, which is projected to bring the market volume to 58M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market value to $30B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Calcium Ammonium Nitrate (CAN)

For the sixth consecutive year, the global market recorded growth in consumption of calcium ammonium nitrate (CAN), which increased by 1.1% to 54M tons in 2022. The total consumption volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Global consumption peaked in 2022 and is expected to retain growth in the near future.

The global calcium ammonium nitrate (CAN) market revenue reduced slightly to $23.5B in 2022, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +28.5% against 2016 indices. As a result, consumption reached the peak level of $31.4B. From 2014 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The country with the largest volume of calcium ammonium nitrate (CAN) consumption was China (14M tons), comprising approx. 25% of total volume. Moreover, calcium ammonium nitrate (CAN) consumption in China exceeded the figures recorded by the second-largest consumer, the United States (4.5M tons), threefold. Japan (3.5M tons) ranked third in terms of total consumption with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume in China amounted to +3.5%. In the other countries, the average annual rates were as follows: the United States (-0.6% per year) and Japan (+2.3% per year).

In value terms, China ($6.7B) led the market, alone. The second position in the ranking was taken by Japan ($2B). It was followed by the United States.

In China, the calcium ammonium nitrate (CAN) market expanded at an average annual rate of +3.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+4.5% per year) and the United States (-2.0% per year).

In 2022, the highest levels of calcium ammonium nitrate (CAN) per capita consumption was registered in Ireland (174 kg per person), followed by Germany (31 kg per person), Japan (28 kg per person) and South Korea (25 kg per person), while the world average per capita consumption of calcium ammonium nitrate (CAN) was estimated at 6.9 kg per person.

In Ireland, calcium ammonium nitrate (CAN) per capita consumption increased at an average annual rate of +2.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+1.2% per year) and Japan (+2.5% per year).

Production

World Production of Calcium Ammonium Nitrate (CAN)

For the sixth year in a row, the global market recorded growth in production of calcium ammonium nitrate (CAN), which increased by 0.2% to 54M tons in 2022. The total output volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 3.6% against the previous year. Over the period under review, global production hit record highs in 2022 and is expected to retain growth in the near future.

In value terms, calcium ammonium nitrate (CAN) production totaled $24.5B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. Global production peaked in 2022 and is expected to retain growth in the immediate term.

Production By Country

China (14M tons) constituted the country with the largest volume of calcium ammonium nitrate (CAN) production, accounting for 25% of total volume. Moreover, calcium ammonium nitrate (CAN) production in China exceeded the figures recorded by the second-largest producer, the United States (4.5M tons), threefold. The third position in this ranking was taken by Japan (3.5M tons), with a 6.5% share.

In China, calcium ammonium nitrate (CAN) production expanded at an average annual rate of +3.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-0.5% per year) and Japan (+2.3% per year).

Imports

World Imports of Calcium Ammonium Nitrate (CAN)

In 2022, approx. 15M tons of calcium ammonium nitrate (CAN) were imported worldwide; with an increase of 45% on 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.1% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, calcium ammonium nitrate (CAN) imports skyrocketed to $5.3B in 2022. Overall, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports By Country

In 2022, Germany (3M tons), distantly followed by Belgium (1,529K tons), France (1,161K tons), Ireland (889K tons), the UK (876K tons), Hungary (778K tons) and Romania (672K tons) were the largest importers of calcium ammonium nitrate (CAN), together achieving 61% of total imports. Denmark (621K tons), Sweden (610K tons), Spain (466K tons), the Czech Republic (366K tons), Brazil (354K tons) and the Netherlands (281K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of +20.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest calcium ammonium nitrate (CAN) importing markets worldwide were Germany ($931M), France ($506M) and Belgium ($445M), together comprising 36% of global imports. The UK, Ireland, Sweden, Romania, Denmark, Spain, Brazil, the Czech Republic, Hungary and the Netherlands lagged somewhat behind, together accounting for a further 39%.

In terms of the main importing countries, Romania, with a CAGR of +20.2%, saw the highest growth rate of 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 $359 per ton in 2022, increasing by 24% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, calcium ammonium nitrate (CAN) import price increased by +94.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 56%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($473 per ton), while Hungary ($185 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Calcium Ammonium Nitrate (CAN)

In 2022, the amount of calcium ammonium nitrate (CAN) exported worldwide soared to 14M tons, growing by 40% on 2021. The total export volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, calcium ammonium nitrate (CAN) exports surged to $5.1B in 2022. Over the period under review, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports By Country

In 2022, the Netherlands (3.3M tons) and Belgium (2.4M tons) represented the main exporters of calcium ammonium nitrate (CAN)in the world, together constituting 40% of total exports. Germany (1,276K tons) ranks next in terms of the total exports with a 9% share, followed by Turkey (6.8%), France (6.7%), Slovakia (6.4%) and Lithuania (4.9%). Spain (594K tons), Poland (549K tons), Hungary (464K tons), Russia (430K tons), the Czech Republic (429K tons) and Ukraine (399K tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +35.7%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($1.1B), Belgium ($1B) and Germany ($555M) appeared to be the countries with the highest levels of exports in 2022, with a combined 52% share of global exports. France, Slovakia, Turkey, Lithuania, Spain, Poland, Hungary, Russia, the Czech Republic and Ukraine lagged somewhat behind, together accounting for a further 40%.

Turkey, with a CAGR of +36.5%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average calcium ammonium nitrate (CAN) export price stood at $361 per ton in 2022, growing by 26% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, calcium ammonium nitrate (CAN) export price increased by +103.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 62% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($435 per ton), while Ukraine ($240 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform