Austria: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Austria

In 2021, the Austrian fuse and detonator market increased by 7% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption enjoyed a strong expansion. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Fuse And Detonator Production in Austria

In value terms, fuse and detonator production reached $X in 2021 estimated in export price. Over the period under review, production showed a buoyant increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 182% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Fuse And Detonator Exports

Exports from Austria

In 2021, fuse and detonator exports from Austria soared to X tons, rising by 25% on the previous year's figure. Over the period under review, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2015 with an increase of 97% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, fuse and detonator exports surged to $X in 2021. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 72%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons), Spain (X tons) and Hungary (X tons) were the main destinations of fuse and detonator exports from Austria, together accounting for 50% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +169.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Hungary ($X) and South Africa ($X) were the largest markets for fuse and detonator exported from Austria worldwide, together comprising 63% of total exports. Australia, Spain, Romania, Germany, the Czech Republic, Poland, Algeria and Sweden lagged somewhat behind, together comprising a further 31%.

In terms of the main countries of destination, Spain, with a CAGR of +168.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average fuse and detonator export price amounted to $X per ton, declining by -2.2% against the previous year. In general, the export price, however, showed a strong increase. The growth pace was the most rapid in 2016 an increase of 110%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Poland ($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 Poland (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Fuse And Detonator Imports

Imports into Austria

In 2021, purchases abroad of safety fuses, detonating fuses and electric detonators increased by 34% to X tons, rising for the third consecutive year after two years of decline. In general, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +93.0% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fuse and detonator imports skyrocketed to $X in 2021. Over the period under review, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest supplier of fuse and detonator to Austria, accounting for a 54% share of total imports. Moreover, fuse and detonator imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Hungary (X tons), fourfold. The third position in this ranking was held by Switzerland (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+39.8% per year) and Switzerland (-0.7% per year).

In value terms, the Czech Republic ($X), Hungary ($X) and the United States ($X) were the largest fuse and detonator suppliers to Austria, with a combined 92% share of total imports.

Hungary, with a CAGR of +40.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average fuse and detonator import price amounted to $X per ton, growing by 13% against the previous year. In general, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fuse and detonator import price increased by +142.8% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 38%. The import price peaked in 2021 and is likely to see steady growth in the near future.

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 Hungary ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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