Portugal: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in Portugal

After eight years of decline, the Portuguese calcium ammonium nitrate (CAN) market increased by X% to $X in 2023. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Production of Calcium Ammonium Nitrate (CAN) in Portugal

In value terms, calcium ammonium nitrate (CAN) production dropped to $X in 2023 estimated in export price. Overall, production recorded a noticeable curtailment. The growth pace was the most rapid in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

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Exports of Calcium Ammonium Nitrate (CAN)

Exports from Portugal

In 2023, exports of calcium ammonium nitrate (CAN) from Portugal declined rapidly to X tons, waning by X% compared with the previous year. In general, exports saw a slight decline. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at X tons in 2022, and then declined significantly in the following year.

In value terms, calcium ammonium nitrate (CAN) exports dropped remarkably to $X in 2023. Overall, exports, however, recorded a temperate expansion. 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, and then fell notably in the following year.

Exports by Country

Spain (X tons) was the main destination for calcium ammonium nitrate (CAN) exports from Portugal, accounting for a X% share of total exports. Moreover, calcium ammonium nitrate (CAN) exports to Spain exceeded the volume sent to the second major destination, the UK (X tons), fourfold. The third position in this ranking was held by France (X tons), with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and France (X% per year).

In value terms, Spain ($X) remains the key foreign market for calcium ammonium nitrate (CAN) exports from Portugal, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and France (X% per year).

Export Prices by Country

The average calcium ammonium nitrate (CAN) export price stood at $X per ton in 2023, increasing by X% against the previous year. In general, the export price showed a resilient increase. The pace of growth appeared the most rapid in 2022 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and Ireland ($X per ton), while the average price for exports to Belgium ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Calcium Ammonium Nitrate (CAN)

Imports into Portugal

In 2023, after three years of decline, there was significant growth in overseas purchases of calcium ammonium nitrate (CAN), when their volume increased by X% to X tons. In general, imports posted prominent growth. Imports peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, calcium ammonium nitrate (CAN) imports skyrocketed to $X in 2023. Over the period under review, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Spain (X tons) constituted the largest supplier of calcium ammonium nitrate (CAN) to Portugal, with a X% share of total imports. Moreover, calcium ammonium nitrate (CAN) imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold.

From 2012 to 2023, the average annual growth rate of volume from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the Netherlands (X% per year).

In value terms, Spain ($X) constituted the largest supplier of calcium ammonium nitrate (CAN) to Portugal, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2023, the average calcium ammonium nitrate (CAN) import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price, however, continues to indicate a slight increase. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2022, and then declined markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform