Australia and Oceania: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Australia and Oceania

The fuse and detonator market in Australia and Oceania expanded rapidly to $X in 2021, surging by 15% against the previous year. Overall, consumption showed a strong increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Fuse And Detonator Production in Australia and Oceania

In value terms, fuse and detonator production skyrocketed to $X in 2021 estimated in export price. Overall, production saw a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of 101%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Fuse And Detonator Exports

Exports in Australia and Oceania

In 2021, the amount of safety fuses, detonating fuses and electric detonators exported in Australia and Oceania fell rapidly to X tons, with a decrease of -22.7% compared with the year before. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2013 when exports increased by 27% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, fuse and detonator exports fell markedly to $X in 2021. In general, exports saw a deep contraction. The growth pace was the most rapid in 2019 when exports increased by 15% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia dominates exports structure, reaching X tons, which was near 94% of total exports in 2021. It was distantly followed by New Zealand (X tons), making up a 6% share of total exports.

Australia was also the fastest-growing in terms of the safety fuses, detonating fuses and electric detonators exports, with a CAGR of -10.1% from 2012 to 2021. New Zealand (-16.6%) illustrated a downward trend over the same period. While the share of Australia (+5.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of New Zealand (-5.2 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest fuse and detonator supplier in Australia and Oceania, comprising 97% of total exports. The second position in the ranking was held by New Zealand ($X), with a 2.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia totaled -8.9%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, picking up by 5.4% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by 18%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+1.3%).

Fuse And Detonator Imports

Imports in Australia and Oceania

In 2021, overseas purchases of safety fuses, detonating fuses and electric detonators decreased by -6.1% to X tons, falling for the third consecutive year after four years of growth. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 31%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, fuse and detonator imports reached $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 22% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Australia dominates imports structure, accounting for X tons, which was near 91% of total imports in 2021. It was distantly followed by New Zealand (X tons), making up a 5% share of total imports. Papua New Guinea (X tons) took a minor share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of safety fuses, detonating fuses and electric detonators. At the same time, Papua New Guinea (+1.9%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +1.9% from 2012-2021. By contrast, New Zealand (-8.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Australia increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported safety fuses, detonating fuses and electric detonators in Australia and Oceania, comprising 90% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 5.3% share of total imports.

In Australia, fuse and detonator imports increased at an average annual rate of +1.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-5.3% per year) and Papua New Guinea (-3.6% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, with an increase of 7.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2014 an increase of 26% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Papua New Guinea ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+3.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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