Ammonia production in Canada saw various fluctuations over the past decade. From 2013 to 2023, production values ranged between 3.71 and 4.13 million metric tons. In 2023, the production stood at 3.92 million metric tons, reflecting stability compared to previous years.
Recent year-on-year variation showed slight increases from 2021 to 2023. The last two years saw a modest growth of around 0.084% per year. The five-year CAGR from 2019 to 2023 indicates an average annual growth of 0.45%.
Looking ahead, the forecasted data from 2024 to 2028 predicts minimal growth of 0.07% CAGR and a total forecast 5-year growth rate of 0.35%, indicating a stable trend with limited increase in production volumes.
Future trends to watch for include advancements in green ammonia technology, potential shifts in global demand and supply dynamics, and policy changes concerning environmental regulations and carbon emissions which could impact production processes and costs.
