Slovakia: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in Slovakia

The Slovak calcium ammonium nitrate (CAN) market declined to $X in 2023, reducing by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Calcium ammonium nitrate (CAN) consumption peaked at $X in 2022, and then fell in the following year.

Production of Calcium Ammonium Nitrate (CAN) in Slovakia

In value terms, calcium ammonium nitrate (CAN) production skyrocketed to $X in 2023 estimated in export price. In general, production, however, showed a tangible increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Calcium Ammonium Nitrate (CAN)

Exports from Slovakia

After two years of growth, shipments abroad of calcium ammonium nitrate (CAN) decreased by X% to X tons in 2023. Overall, exports recorded a pronounced decline. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the exports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, calcium ammonium nitrate (CAN) exports declined dramatically to $X in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then fell markedly in the following year.

Exports by Country

Germany (X tons), Hungary (X tons) and the Czech Republic (X tons) were the main destinations of calcium ammonium nitrate (CAN) exports from Slovakia, with a combined X% share of total exports. Austria, Romania, Croatia and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for calcium ammonium nitrate (CAN) exported from Slovakia were Germany ($X), Hungary ($X) and the Czech Republic ($X), with a combined X% share of total exports. Austria, Romania, Croatia and Poland lagged somewhat behind, together accounting for a further X%.

Croatia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average calcium ammonium nitrate (CAN) export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2023: its price 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, calcium ammonium nitrate (CAN) export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked in 2023 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the countries with the highest prices were Austria ($X per ton) and Germany ($X per ton), while the average price for exports to Hungary ($X per ton) and Croatia ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Calcium Ammonium Nitrate (CAN)

Imports into Slovakia

In 2023, overseas purchases of calcium ammonium nitrate (CAN) increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked in 2023 and are likely to see gradual growth in years to come.

In value terms, calcium ammonium nitrate (CAN) imports declined slightly to $X in 2023. Over the period under review, imports enjoyed a strong increase. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2023, Hungary (X tons) constituted the largest supplier of calcium ammonium nitrate (CAN) to Slovakia, with a X% share of total imports. Moreover, calcium ammonium nitrate (CAN) imports from Hungary exceeded the figures recorded by the second-largest supplier, Austria (X tons), eightfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Hungary stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Germany (X% per year).

In value terms, Hungary ($X) constituted the largest supplier of calcium ammonium nitrate (CAN) to Slovakia, comprising X% of total imports. The second position in the ranking was taken by Austria ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Hungary totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Germany (X% per year).

Import Prices by Country

The average calcium ammonium nitrate (CAN) import price stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the import price, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2022, and then dropped remarkably in the following year.

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

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

Source: IndexBox Platform