IndexBox has just published a new report: ‘EU – Calcium Ammonium Nitrate (CAN) – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.
In 2020, calcium ammonium nitrate exports in the EU peaked at 9.1M tonnes, reaching the highest point over the past decade. In value terms, they reduced from $1.7B in 2019 to $1.6B due to a decline in export prices. Last year, the calcium ammonium nitrate export price in the EU dropped by -10% compared with figures of 2019. The Netherlands, Belgium, Germany, France, Slovakia, Hungary and Lithuania supply 82% of total European exports of calcium ammonium nitrate in physical terms.
Calcium Ammonium Nitrate Exports in the EU
Calcium ammonium nitrate exports stood at 9.1M tonnes in 2020, with an increase of +3.5% compared with the previous year’s figure. In value terms, calcium ammonium nitrate exports declined from $1.7B in 2019to $1.6B (IndexBox estimates) in 2020.
The calcium ammonium nitrate export price in the EU stood at $177 per tonne in 2020, declining by -10% against the previous year. Average prices varied noticeably amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in France ($195 per tonne) and Belgium ($185 per tonne), while Lithuania ($163 per tonne) and Hungary ($167 per tonne) were amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced a decline in the export price figures.
In 2020, the Netherlands (2.7M tonnes), distantly followed by Belgium (1,669K tonnes), Germany (1,026K tonnes), France (575K tonnes), Slovakia (498K tonnes), Hungary (483K tonnes) and Lithuania (446K tonnes) represented the key exporters of calcium ammonium nitrate (CAN), together mixing up 82% of total exports. Spain (390K tonnes) took a relatively small share of total exports.
In 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Hungary, while exports for the other leaders experienced more modest paces of growth.
In value terms, the largest calcium ammonium nitrate supplying countries in the EU were the Netherlands ($469M), Belgium ($309M) and Germany ($189M), together comprising 60% of total exports. These countries were followed by France, Slovakia, Hungary, Lithuania and Spain, which together accounted for a further 26%.
Source: IndexBox Platform