Africa: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in Africa

The African calcium ammonium nitrate (CAN) market surged to $X in 2023, increasing by X% against the previous year. The total consumption indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2015 indices. Over the period under review, the market reached the maximum level in 2023 and is expected to retain growth in the immediate term.

Production of Calcium Ammonium Nitrate (CAN) in Africa

In value terms, calcium ammonium nitrate (CAN) production rose significantly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

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Exports of Calcium Ammonium Nitrate (CAN)

Exports in Africa

In 2023, shipments abroad of calcium ammonium nitrate (CAN) decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then declined markedly in the following year.

In value terms, calcium ammonium nitrate (CAN) exports shrank rapidly to $X in 2023. In general, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2022, and then plummeted in the following year.

Exports by Country

Zambia was the main exporter of calcium ammonium nitrate (CAN) in Africa, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by South Africa (X tons), Algeria (X tons) and Morocco (X tons), together making up a X% share of total exports.

Zambia was also the fastest-growing in terms of the calcium ammonium nitrate (CAN) exports, with a CAGR of X% from 2012 to 2023. At the same time, Morocco (X%) and South Africa (X%) displayed positive paces of growth. By contrast, Algeria (X%) illustrated a downward trend over the same period. Zambia (X p.p.), South Africa (X p.p.) and Morocco (X p.p.) significantly strengthened its position in terms of the total exports, while Algeria saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Zambia ($X) remains the largest calcium ammonium nitrate (CAN) supplier in Africa, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by Morocco, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Zambia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (X% per year) and Morocco (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the export price continues to indicate a buoyant increase. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2023 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Morocco ($X per ton), while Algeria ($X per ton) was amongst the lowest.

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

Imports of Calcium Ammonium Nitrate (CAN)

Imports in Africa

For the third year in a row, Africa recorded decline in supplies from abroad of calcium ammonium nitrate (CAN), which decreased by X% to X tons in 2023. In general, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

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

Imports by Country

Kenya represented the main importing country with an import of around X tons, which recorded X% of total imports. Tanzania (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Africa (X%). Morocco (X tons), Ghana (X tons), Zimbabwe (X tons) and Mauritius (X tons) took a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to calcium ammonium nitrate (CAN) imports into Kenya stood at X%. At the same time, Morocco (X%), Ghana (X%), Tanzania (X%), Zimbabwe (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. South Africa experienced a relatively flat trend pattern. While the share of Tanzania (X p.p.), Morocco (X p.p.) and Ghana (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Mauritius (X p.p.) and South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kenya ($X) constitutes the largest market for imported calcium ammonium nitrate (CAN) in Africa, comprising X% of total imports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Kenya stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and South Africa (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, increasing by X% against the previous year. Import price indicated a noticeable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, calcium ammonium nitrate (CAN) import price increased by X% against 2020 indices. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kenya (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform