Latin America and the Caribbean: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in Latin America and the Caribbean

The Latin American calcium ammonium nitrate (CAN) market contracted to $X in 2023, reducing by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market failed to regain momentum.

Production of Calcium Ammonium Nitrate (CAN) in Latin America and the Caribbean

In value terms, calcium ammonium nitrate (CAN) production expanded slightly to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2023.

Exports of Calcium Ammonium Nitrate (CAN)

Exports in Latin America and the Caribbean

In 2023, calcium ammonium nitrate (can) exports in Latin America and the Caribbean fell rapidly to X tons, which is down by X% on the previous year. In general, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, calcium ammonium nitrate (CAN) exports fell markedly to $X in 2023. Overall, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2022 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Costa Rica (X tons) was the largest exporter of calcium ammonium nitrate (CAN), committing X% of total exports. Brazil (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Trinidad and Tobago (X%).

Costa Rica was also the fastest-growing in terms of the calcium ammonium nitrate (CAN) exports, with a CAGR of X% from 2012 to 2023. Trinidad and Tobago (X%) and Brazil (X%) illustrated a downward trend over the same period. Costa Rica (X p.p.) and Trinidad and Tobago (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Costa Rica ($X) remains the largest calcium ammonium nitrate (CAN) supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Costa Rica was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Trinidad and Tobago (X% per year).

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, which is down by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while Trinidad and Tobago ($X per ton) was amongst the lowest.

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

Imports of Calcium Ammonium Nitrate (CAN)

Imports in Latin America and the Caribbean

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. Over the period under review, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, calcium ammonium nitrate (CAN) imports declined notably to $X in 2023. Overall, imports recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2022, and then shrank markedly in the following year.

Imports by Country

Brazil was the major importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by Argentina (X tons), committing a X% share of total imports. The following importers - Chile (X tons) and Costa Rica (X tons) - together made up X% 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 Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Chile experienced a relatively flat trend pattern. By contrast, Costa Rica (X%) illustrated a downward trend over the same period. 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) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

In terms of the main importing countries, Argentina, with a CAGR of X%, saw the highest rates of growth with regard to 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

The import price in Latin America and the Caribbean stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then fell dramatically in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Costa Rica ($X per ton) and Argentina ($X per ton), while Brazil ($X per ton) and Chile ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform