Australia and Oceania: Explosives Market 2024

Explosives Market Size in Australia and Oceania

The explosives market in Australia and Oceania rose significantly to $X in 2021, with an increase of 8.1% against the previous year. In general, consumption, however, showed a noticeable contraction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Explosives Production in Australia and Oceania

In value terms, explosives production reached $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2014 when the production volume increased by 46% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Explosives Exports

Exports in Australia and Oceania

In 2021, approx. X tons of prepared explosives were exported in Australia and Oceania; remaining constant against 2020 figures. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 10%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, explosives exports surged to $X in 2021. Over the period under review, exports faced a abrupt contraction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, reaching X tons, which was near 95% of total exports in 2021. It was distantly followed by New Zealand (X tons), achieving a 5.2% share of total exports.

Australia was also the fastest-growing in terms of the prepared explosives exports, with a CAGR of -14.4% from 2012 to 2021. New Zealand (-29.7%) illustrated a downward trend over the same period. Australia (+19 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -19.3% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest explosives supplier in Australia and Oceania, comprising 97% of total exports. The second position in the ranking was held by New Zealand ($X), with a 2.5% share of total exports.

In Australia, explosives exports shrank by an average annual rate of -8.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, with an increase of 32% against the previous year. Export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, explosives export price increased by +42.8% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the export price increased by 56%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices failed to regain momentum.

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 Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+6.8%).

Explosives Imports

Imports in Australia and Oceania

In 2021, purchases abroad of prepared explosives increased by 2% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, saw a abrupt contraction. The growth pace was the most rapid in 2016 when imports increased by 40% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, explosives imports rose slightly to $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 13% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Australia prevails in imports structure, reaching X tons, which was near 86% of total imports in 2021. Papua New Guinea (X tons), New Zealand (X tons), Fiji (X tons) and New Caledonia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to explosives imports into Australia stood at -5.0%. At the same time, Fiji (+13.9%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +13.9% from 2012-2021. By contrast, New Caledonia (-11.8%), New Zealand (-13.0%) and Papua New Guinea (-20.3%) illustrated a downward trend over the same period. Australia (+13 p.p.) and Fiji (+3 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand and Papua New Guinea saw its share reduced by -3.4% and -12.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported prepared explosives in Australia and Oceania, comprising 90% of total imports. The second position in the ranking was held by New Zealand ($X), with a 3.9% share of total imports. It was followed by Fiji, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to +2.2%. In the other countries, the average annual rates were as follows: New Zealand (-4.9% per year) and Fiji (+16.2% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, increasing by 1.9% against the previous year. Overall, the import price showed a buoyant increase. The growth pace was the most rapid in 2017 an increase of 63%. Over the period under review, import prices reached the maximum in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($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 (+9.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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