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U.S. Explosives Market. Analysis And Forecast to 2030
Report Update: Jun 1, 2025

U.S. Explosives Market. Analysis And Forecast to 2030

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Apr 13, 2023

US Exports Suffer Drastic Decrease to $31 Million in Feb 2023

U.S. Explosive Exports

In February 2023, shipments abroad of explosives was finally on the rise to reach 2.3K tons for the first time since September 2022, thus ending a four-month declining trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2022 when exports increased by 54% against the previous month. Over the period under review, the exports attained the peak figure at 4.2K tons in April 2022; however, from May 2022 to February 2023, the exports remained at a lower figure.

In value terms, explosive exports reduced to $31M (IndexBox estimates) in February 2023. Overall, total exports indicated a modest expansion from February 2022 to February 2023: its value increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, exports decreased by -36.0% against December 2022 indices. The pace of growth appeared the most rapid in March 2022 when exports increased by 56% against the previous month. The exports peaked at 49K tons in December 2022; however, from January 2023 to February 2023, the exports remained at a lower figure.

Exports by Country

Canada (1.7K tons) was the main destination for explosive exports from the United States, with a 73% share of total exports. Moreover, explosive exports to Canada exceeded the volume sent to the second major destination, South Korea (177 tons), ninefold. Mexico (103 tons) ranked third in terms of total exports with a 4.5% share.

From February 2022 to February 2023, the average monthly growth rate of volume to Canada stood at +1.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: South Korea (+0.2% per month) and Mexico (+0.9% per month).

In value terms, Canada ($11M) remains the key foreign market for explosive exports from the United States, comprising 35% of total exports. The second position in the ranking was taken by Mexico ($5.3M), with a 17% share of total exports. It was followed by France, with a 6.7% share.

From February 2022 to February 2023, the average monthly growth rate of value to Canada totaled +1.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (+2.3% per month) and France (+3.7% per month).

Export Prices by Country

In February 2023, the explosive price amounted to $13.7 per kg (FOB, US), declining by -35.1% against the previous month. Overall, the export price, however, continues to indicate a slight expansion. The most prominent rate of growth was recorded in December 2022 an increase of 36% against the previous month. The export price peaked at $21.1 per kg in January 2023, and then dropped dramatically in the following month.

There were significant differences in the average prices for the major foreign markets. In February 2023, the country with the highest price was Mexico ($51.4 per kg), while the average price for exports to South Korea ($5.6 per kg) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the explosive market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • NAICS 325920 - Explosives manufacturing

Companies mentioned:

  • Dyno Nobel Inc.
  • Orica USA Inc.
  • Austin Powder Company
  • Pacific Scientific Energetic Materials Company (california)
  • Geodynamics
  • Maxam Us
  • Hodgdon Powder Company
  • Accurate Energetic Systems
  • Buckley Powder Co.
  • Maxam North America
  • Hanley Industries
  • Copperhead Chemical Company
  • The Ensign-Bickford Company
  • Mp Associates
  • Titan Dynamics Systems
  • Nelson Brothers Mining Services
  • Wampum Hardware Co.
  • Owen Oil Tools
  • Spectra Technologies
  • Orica U.S. Services Inc.
  • Nelson Brothers
  • Alliant Techsystems Operations
  • Holston Defense Corporation
  • AAC Investments
  • Davis Mining & Manufacturing
  • Jessee Brad or Heather D
  • US Test Company 305
  • Austin Star Detonator Company
  • Nelson Brothers
  • Austin Powder Holdings Company
  • Dyno Nobel Holdings Usa
  • Bae Systems Ordnance Systems

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, By Product
    11. Average Per Capita Consumption, By Product
    12. Exports and Growth, By Product
    13. Export Prices and Growth, By Product
    14. Production Volume and Growth
    15. Exports and Growth
    16. Export Prices and Growth
    17. Market Size and Growth
    18. Per Capita Consumption
    19. Imports and Growth
    20. Import Prices
    21. Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country, 2012–2024
    29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country, 2012–2024

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