MENA: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in MENA

The MENA's calcium ammonium nitrate (CAN) market was finally on the rise to reach $X in 2023, after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Calcium Ammonium Nitrate (CAN) in MENA

In value terms, calcium ammonium nitrate (CAN) production expanded to $X in 2023 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

Exports of Calcium Ammonium Nitrate (CAN)

Exports in MENA

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. In general, exports, however, saw a strong increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then declined notably in the following year.

In value terms, calcium ammonium nitrate (CAN) exports reduced rapidly to $X in 2023. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then reduced dramatically in the following year.

Exports by Country

The biggest shipments were from Turkey (X tons), together accounting for X% of total export.

Turkey was also the fastest-growing in terms of the calcium ammonium nitrate (CAN) exports, with a CAGR of X% from 2012 to 2023. While the share of Turkey (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest calcium ammonium nitrate (CAN) supplier in MENA.

In Turkey, calcium ammonium nitrate (CAN) exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the export price recorded a noticeable downturn. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2023, the rate of growth in terms of prices for Turkey amounted to X% per year.

Imports of Calcium Ammonium Nitrate (CAN)

Imports in MENA

After two years of decline, supplies from abroad of calcium ammonium nitrate (CAN) increased by X% to X tons in 2023. In general, imports, however, continue to indicate a deep slump. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, calcium ammonium nitrate (CAN) imports soared to $X in 2023. Overall, imports, however, saw a abrupt decline. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Turkey (X tons) represented the major importer of calcium ammonium nitrate (CAN), constituting X% of total imports. Morocco (X tons) ranks second in terms of the total imports with a X% share, followed by Palestine (X%). Lebanon (X tons) followed a long way behind the leaders.

Imports into Turkey decreased at an average annual rate of X% from 2012 to 2023. At the same time, Morocco (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. By contrast, Palestine (X%) and Lebanon (X%) illustrated a downward trend over the same period. While the share of Morocco (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Palestine (X p.p.), Lebanon (X p.p.) and Turkey (X p.p.) displayed negative dynamics.

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

In Turkey, calcium ammonium nitrate (CAN) imports decreased by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Morocco (X% per year) and Palestine (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, reducing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted notably in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Lebanon ($X per ton) and Turkey ($X per ton), while Palestine ($X per ton) and Morocco ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform