ASEAN: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in ASEAN

The ASEAN calcium ammonium nitrate (CAN) market expanded rapidly to $X in 2023, increasing by X% against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2023, consumption failed to regain momentum.

Production of Calcium Ammonium Nitrate (CAN) in ASEAN

In value terms, calcium ammonium nitrate (CAN) production stood at $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2023, production stood at a somewhat lower figure.

Exports of Calcium Ammonium Nitrate (CAN)

Exports in ASEAN

In 2023, after two years of growth, there was significant decline in shipments abroad of calcium ammonium nitrate (CAN), when their volume decreased by X% to X tons. Overall, exports showed a deep setback. The most prominent rate of growth was recorded in 2022 with an increase of X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, calcium ammonium nitrate (CAN) exports reduced sharply to $X in 2023. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam represented the main exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Malaysia (X tons), creating a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to calcium ammonium nitrate (CAN) exports from Vietnam stood at X%. At the same time, Malaysia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. While the share of Vietnam (X p.p.) and Malaysia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest calcium ammonium nitrate (CAN) supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports.

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

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Vietnam stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%).

Imports of Calcium Ammonium Nitrate (CAN)

Imports in ASEAN

In 2023, overseas purchases of calcium ammonium nitrate (CAN) were finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports reached the peak of X tons. From 2016 to 2023, the growth of imports remained at a lower figure.

In value terms, calcium ammonium nitrate (CAN) imports surged to $X in 2023. Overall, imports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Indonesia represented the main importing country with an import of about X tons, which recorded X% of total imports. Malaysia (X tons) took the second position in the ranking, followed by Thailand (X tons). All these countries together held approx. X% share of total imports. The following importers - Vietnam (X tons) and Brunei Darussalam (X tons) - each reached a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to calcium ammonium nitrate (CAN) imports into Indonesia stood at X%. At the same time, Brunei Darussalam (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Brunei Darussalam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) and Thailand (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.), Brunei Darussalam (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Thailand (X p.p.) and Malaysia (X p.p.) displayed negative dynamics.

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

In Indonesia, 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: Malaysia (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, approximately equating the previous year. Overall, the import price saw a mild curtailment. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Malaysia ($X per ton), while Brunei Darussalam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform