Asia: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Asia

After nine years of growth, the Asian fuse and detonator market decreased by -6.2% to $X in 2021. In general, consumption posted a resilient increase. Over the period under review, the market attained the peak level at $X in 2020, and then contracted in the following year.

Fuse And Detonator Production in Asia

In value terms, fuse and detonator production shrank to $X in 2021 estimated in export price. Overall, production posted a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of 22% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then reduced in the following year.

Fuse And Detonator Exports

Exports in Asia

In 2021, overseas shipments of safety fuses, detonating fuses and electric detonators were finally on the rise to reach X tons after two years of decline. Overall, exports, however, saw a pronounced shrinkage. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, fuse and detonator exports soared to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

India was the major exporting country with an export of around X tons, which accounted for 55% of total exports. It was distantly followed by China (X tons), South Korea (X tons), the Philippines (X tons) and Thailand (X tons), together generating a 32% share of total exports. Turkey (X tons) and Malaysia (X tons) followed a long way behind the leaders.

Exports from India increased at an average annual rate of +4.1% from 2012 to 2021. At the same time, the Philippines (+199.7%), South Korea (+14.6%) and Turkey (+1.1%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia, with a CAGR of +199.7% from 2012-2021. By contrast, Thailand (-1.1%), Malaysia (-4.1%) and China (-18.4%) illustrated a downward trend over the same period. India (+27 p.p.), the Philippines (+6.7 p.p.) and South Korea (+6.1 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -43.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), India ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 62% share of total exports. China, the Philippines, Malaysia and Turkey lagged somewhat behind, together comprising a further 28%.

The Philippines, with a CAGR of +199.5%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, rising by 31% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+16.3%), while the other leaders experienced more modest paces of growth.

Fuse And Detonator Imports

Imports in Asia

In 2021, supplies from abroad of safety fuses, detonating fuses and electric detonators decreased by -1.9% to X tons, falling for the third year in a row after three years of growth. Overall, imports continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2017 with an increase of 13%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, fuse and detonator imports rose markedly to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons), distantly followed by Indonesia (X tons), the United Arab Emirates (X tons), Kazakhstan (X tons), the Philippines (X tons), Malaysia (X tons), Uzbekistan (X tons) and China (X tons) represented the key importers of safety fuses, detonating fuses and electric detonators, together comprising 65% of total imports. The following importers - Saudi Arabia (X tons), Lao People's Democratic Republic (X tons), Japan (X tons), Mongolia (X tons) and Thailand (X tons) - together made up 18% of total imports.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +35.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 48% share of total imports. These countries were followed by Turkey, Thailand, the United Arab Emirates, Uzbekistan, Malaysia, Saudi Arabia, Kazakhstan, the Philippines, Mongolia and Lao People's Democratic Republic, which together accounted for a further 36%.

Among the main importing countries, Uzbekistan, with a CAGR of +32.1%, recorded the highest rates of growth with regard to 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 2021, the import price in Asia amounted to $X per ton, growing by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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