Argentina: Explosives Market 2024

Explosives Market Size in Argentina

After four years of growth, the Argentinian explosives market decreased by -6% to $X in 2021. Overall, consumption recorded a relatively flat trend pattern. Explosives consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Explosives Production in Argentina

In value terms, explosives production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 26% against the previous year. Explosives production peaked at $X in 2020, and then contracted slightly in the following year.

Explosives Exports

Exports from Argentina

Explosives exports from Argentina surged to X tons in 2021, picking up by 107% on the previous year. Over the period under review, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 142% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, explosives exports skyrocketed to $X in 2021. Overall, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 180% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X tons) was the main destination for explosives exports from Argentina, accounting for a 38% share of total exports. Moreover, explosives exports to Peru exceeded the volume sent to the second major destination, Chile (X tons), twofold. The third position in this ranking was taken by Colombia (X tons), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume to Peru stood at -7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+37.8% per year) and Colombia (+16.6% per year).

In value terms, Colombia ($X) remains the key foreign market for prepared explosives exports from Argentina, comprising 41% of total exports. The second position in the ranking was taken by Peru ($X), with a 15% share of total exports. It was followed by Brazil, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia totaled +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-10.1% per year) and Brazil (-3.7% per year).

Export Prices by Country

In 2021, the average explosives export price amounted to $X per ton, dropping by -36.2% against the previous year. Over the period under review, the export price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2018 an increase of 59% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Explosives Imports

Imports into Argentina

In 2021, supplies from abroad of prepared explosives decreased by -72.4% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a sharp decline. The most prominent rate of growth was recorded in 2018 when imports increased by 14% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, explosives imports declined notably to $X in 2021. In general, imports faced a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of 30% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Brazil (X tons), Peru (X tons) and Chile (X tons) were the main suppliers of explosives imports to Argentina, with a combined 100% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +66.8%), while purchases for the other leaders experienced a decline.

In value terms, the largest explosives suppliers to Argentina were Brazil ($X), Peru ($X) and Chile ($X), together accounting for 74% of total imports.

Peru, with a CAGR of +36.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average explosives import price amounted to $X per ton, with an increase of 101% against the previous year. Overall, the import price showed a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+16.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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