Australia: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Australia

The Australian fuse and detonator market skyrocketed to $X in 2021, increasing by 16% against the previous year. Over the period under review, consumption posted a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Fuse And Detonator Production in Australia

In value terms, fuse and detonator production skyrocketed to $X in 2021 estimated in export price. Overall, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 101%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Fuse And Detonator Exports

Exports from Australia

In 2021, fuse and detonator exports from Australia reduced dramatically to X tons, with a decrease of -26.7% on the previous year's figure. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 33%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, fuse and detonator exports contracted markedly to $X in 2021. Over the period under review, exports saw a deep reduction. The growth pace was the most rapid in 2019 with an increase of 25% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Philippines (X tons) was the main destination for fuse and detonator exports from Australia, with a 33% share of total exports. Moreover, fuse and detonator exports to the Philippines exceeded the volume sent to the second major destination, Papua New Guinea (X tons), twofold. The third position in this ranking was held by Colombia (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to the Philippines amounted to -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-1.6% per year) and Colombia (-15.6% per year).

In value terms, Papua New Guinea ($X), New Zealand ($X) and the Philippines ($X) appeared to be the largest markets for fuse and detonator exported from Australia worldwide, together comprising 66% of total exports. New Caledonia, Colombia, China and Tanzania lagged somewhat behind, together accounting for a further 27%.

In terms of the main countries of destination, Tanzania, with a CAGR of +1,276.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average fuse and detonator export price amounted to $X per ton, increasing by 9% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fuse and detonator export price increased by +76.3% against 2015 indices. The pace of growth was the most pronounced in 2016 an increase of 17% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Caledonia ($X per ton), while the average price for exports to China ($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 Tanzania (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fuse And Detonator Imports

Imports into Australia

In 2021, overseas purchases of safety fuses, detonating fuses and electric detonators decreased by -7% to X tons, falling for the third consecutive year after four years of growth. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 40%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, fuse and detonator imports reached $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 24% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Canada (X tons) and South Africa (X tons) were the main suppliers of fuse and detonator imports to Australia, with a combined 41% share of total imports. These countries were followed by the United States, France, Austria, Chile, Mexico, the Czech Republic, India and Spain, which together accounted for a further 54%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +50.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), China ($X) and Canada ($X) were the largest fuse and detonator suppliers to Australia, together comprising 54% of total imports. These countries were followed by the United States, South Africa, Mexico, Austria, the Czech Republic, Chile, India and Spain, which together accounted for a further 41%.

Among the main suppliers, Austria, with a CAGR of +58.7%, saw 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

The average fuse and detonator import price stood at $X per ton in 2021, picking up by 8.2% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 34%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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