SADC: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in SADC

The SADC calcium ammonium nitrate (CAN) market rose significantly to $X in 2023, surging by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked in 2023 and is likely to see gradual growth in years to come.

Production of Calcium Ammonium Nitrate (CAN) in SADC

In value terms, calcium ammonium nitrate (CAN) production amounted to $X in 2023 estimated in export price. In general, production, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Calcium Ammonium Nitrate (CAN)

Exports in SADC

In 2023, shipments abroad of calcium ammonium nitrate (CAN) increased by X% to X tons, rising for the fifth year in a row after two years of decline. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is likely to see steady growth in years to come.

In value terms, calcium ammonium nitrate (CAN) exports skyrocketed to $X in 2023. In general, exports posted significant growth. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

Exports by Country

In 2023, Mauritius (X tons) represented the largest exporter of calcium ammonium nitrate (CAN), making up X% of total exports. It was distantly followed by Zambia (X tons) and South Africa (X tons), together mixing up a X% share of total exports.

Exports from Mauritius increased at an average annual rate of X% from 2012 to 2023. At the same time, Zambia (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. Mauritius (X p.p.) and Zambia (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest calcium ammonium nitrate (CAN) supplying countries in SADC were Mauritius ($X), Zambia ($X) and South Africa ($X), together accounting for X% of total exports.

Zambia, with a CAGR of X%, recorded 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 leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, with an increase of X% against the previous year. In general, the export price recorded perceptible growth. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while Mauritius ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Calcium Ammonium Nitrate (CAN)

Imports in SADC

In 2023, overseas purchases of calcium ammonium nitrate (CAN) decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, calcium ammonium nitrate (CAN) imports declined to $X in 2023. Over the period under review, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2022, and then dropped in the following year.

Imports by Country

Tanzania (X tons) and Zimbabwe (X tons) represented roughly X% of total imports in 2023. It was distantly followed by South Africa (X tons), constituting a X% share of total imports. Mauritius (X tons) took a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Zimbabwe (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X), Tanzania ($X) and South Africa ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Zimbabwe, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price saw perceptible growth. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Zimbabwe ($X per ton), while Mauritius ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Zimbabwe (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform