Asia-Pacific: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in Asia-Pacific

The Asia-Pacific calcium ammonium nitrate (CAN) market reached $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Calcium Ammonium Nitrate (CAN) in Asia-Pacific

In value terms, calcium ammonium nitrate (CAN) production reached $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; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Exports of Calcium Ammonium Nitrate (CAN)

Exports in Asia-Pacific

In 2023, after four years of decline, there was significant growth in shipments abroad of calcium ammonium nitrate (CAN), when their volume increased by X% to X tons. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, calcium ammonium nitrate (CAN) exports surged to $X in 2023. In general, exports, however, saw a pronounced setback. The pace of growth was the most pronounced in 2014 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, China (X tons) represented the key exporter of calcium ammonium nitrate (CAN), committing X% of total exports. It was distantly followed by South Korea (X tons), making up a X% share of total exports. Hong Kong SAR (X tons), Vietnam (X tons) and Malaysia (X tons) took a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to calcium ammonium nitrate (CAN) exports from China stood at X%. At the same time, Malaysia (X%), Hong Kong SAR (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Vietnam (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China, South Korea, Hong Kong SAR and Malaysia increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest calcium ammonium nitrate (CAN) supplying countries in Asia-Pacific were China ($X), South Korea ($X) and Vietnam ($X), together comprising X% of total exports. Malaysia and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, falling by X% against the previous year. In general, the export price, however, recorded a measured increase. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2022, and then plummeted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Hong Kong SAR ($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 Korea (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Calcium Ammonium Nitrate (CAN)

Imports in Asia-Pacific

After five years of growth, overseas purchases of calcium ammonium nitrate (CAN) decreased by X% to X tons in 2023. In general, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2022, and then dropped sharply in the following year.

In value terms, calcium ammonium nitrate (CAN) imports contracted significantly to $X in 2023. Overall, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted sharply in the following year.

Imports by Country

India dominates imports structure, resulting at X tons, which was near X% of total imports in 2023. Indonesia (X tons) held the second position in the ranking, followed by New Zealand (X tons). All these countries together took approx. X% share of total imports. The following importers - Australia (X tons), Japan (X tons), Malaysia (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

India was also the fastest-growing in terms of the calcium ammonium nitrate (CAN) imports, with a CAGR of X% from 2012 to 2023. At the same time, Indonesia (X%), Japan (X%), Australia (X%), Taiwan (Chinese) (X%) and New Zealand (X%) displayed positive paces of growth. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Taiwan (Chinese) (X p.p.), New Zealand (X p.p.) and Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported calcium ammonium nitrate (CAN) in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

In India, calcium ammonium nitrate (CAN) imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a mild descent. The pace of growth appeared the most rapid in 2022 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then shrank sharply in the following year.

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

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

Source: IndexBox Platform