MERCOSUR: Ammonium Nitrate Market 2024

Ammonium Nitrate Market Size in MERCOSUR

After two years of growth, the MERCOSUR ammonium nitrate market decreased by X% to $X in 2023. Over the period under review, consumption, however, recorded a mild shrinkage. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Ammonium Nitrate Production in MERCOSUR

In value terms, ammonium nitrate production rose significantly to $X in 2023 estimated in export price. In general, production showed a pronounced contraction. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Ammonium Nitrate Exports

Exports in MERCOSUR

In 2023, overseas shipments of ammonium nitrate decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, ammonium nitrate exports dropped rapidly to $X in 2023. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced markedly in the following year.

Exports by Country

Chile dominates exports structure, amounting to X tons, which was near X% of total exports in 2023. Brazil (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to ammonium nitrate exports from Chile stood at X%. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. While the share of Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Chile (X p.p.) displayed negative dynamics.

In value terms, Chile ($X) remains the largest ammonium nitrate supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports.

In Chile, ammonium nitrate exports contracted by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then contracted dramatically in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Chile amounted to $X per ton.

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

Ammonium Nitrate Imports

Imports in MERCOSUR

In 2023, ammonium nitrate imports in MERCOSUR surged to X tons, increasing by X% compared with the previous year. Over the period under review, imports, however, continue to indicate a mild slump. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, ammonium nitrate imports shrank markedly to $X in 2023. Overall, imports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Brazil represented the key importer of ammonium nitrate in MERCOSUR, with the volume of imports reaching X tons, which was near X% of total imports in 2023. Peru (X tons) ranks second in terms of the total imports with an X% share, followed by Colombia (X%). The following importers - Chile (X tons) and Ecuador (X tons) - each accounted for a X% share of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of ammonium nitrate. At the same time, Colombia (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. Ecuador experienced a relatively flat trend pattern. By contrast, Chile (X%) and Peru (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Brazil and Colombia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Peru ($X) and Colombia ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Chile and Ecuador lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Ecuador, 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 more modest paces of growth.

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform