MERCOSUR: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in MERCOSUR

The MERCOSUR calcium ammonium nitrate (CAN) market declined to $X in 2023, dropping by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Calcium Ammonium Nitrate (CAN) in MERCOSUR

In value terms, calcium ammonium nitrate (CAN) production expanded modestly 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 remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. 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 in MERCOSUR

After three years of decline, shipments abroad of calcium ammonium nitrate (CAN) decreased by X% to X tons in 2023. In general, exports faced a dramatic slump. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, calcium ammonium nitrate (CAN) exports dropped markedly to $X in 2023. Overall, exports recorded a sharp reduction. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of calcium ammonium nitrate (CAN), namely Brazil, represented more than two-thirds of total export.

Brazil was also the fastest-growing in terms of the calcium ammonium nitrate (CAN) exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Brazil amounted to X%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the export prices failed to regain momentum.

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

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

Imports of Calcium Ammonium Nitrate (CAN)

Imports in MERCOSUR

In 2023, supplies from abroad of calcium ammonium nitrate (CAN) decreased by X% to X tons, falling for the second consecutive year after six years of growth. In general, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, calcium ammonium nitrate (CAN) imports contracted notably to $X in 2023. Overall, imports saw a noticeable downturn. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then fell remarkably in the following year.

Imports by Country

Brazil was the main importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by Argentina (X tons), making up a X% share of total imports. Chile (X tons) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to calcium ammonium nitrate (CAN) imports into Brazil stood at X%. At the same time, Argentina (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. Chile experienced a relatively flat trend pattern. From 2012 to 2023, the share of Argentina increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Argentina ($X) and Chile ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Among the main importing countries, Argentina, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, shrinking by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then shrank dramatically in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Argentina ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform