Belgium: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Belgium

In 2021, the Belgian fuse and detonator market decreased by -0.3% to $X, falling for the fourth year in a row after four years of growth. Over the period under review, consumption, however, saw a slight shrinkage. Fuse and detonator consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Fuse And Detonator Production in Belgium

In value terms, fuse and detonator production declined to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a temperate expansion. The pace of growth appeared the most rapid in 2014 with an increase of 34% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Fuse And Detonator Exports

Exports from Belgium

In 2021, overseas shipments of safety fuses, detonating fuses and electric detonators decreased by -15.8% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 181% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, fuse and detonator exports declined slightly to $X in 2021. In general, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 441% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons), France (X tons) and Germany (X kg) were the main destinations of fuse and detonator exports from Belgium, with a combined 90% share of total exports. These countries were followed by Norway, Luxembourg, the UK and Saudi Arabia, which together accounted for a further 5.8%.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +37.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fuse and detonator exported from Belgium were Italy ($X), France ($X) and Germany ($X), with a combined 86% share of total exports. Norway, Luxembourg, the UK and Saudi Arabia lagged somewhat behind, together accounting for a further 6.7%.

Among the main countries of destination, Norway, with a CAGR of +41.7%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average fuse and detonator export price amounted to $X per ton, jumping by 18% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 93%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the UK ($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 the UK (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Fuse And Detonator Imports

Imports into Belgium

In 2021, fuse and detonator imports into Belgium skyrocketed to X tons, jumping by 59% on the year before. Overall, imports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 292% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, fuse and detonator imports skyrocketed to $X in 2021. In general, imports continue to indicate modest growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of fuse and detonator to Belgium, accounting for a 73% share of total imports. Moreover, fuse and detonator imports from France exceeded the figures recorded by the second-largest supplier, the United States (X tons), eightfold. Poland (X tons) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-17.2% per year) and Poland (+180.0% per year).

In value terms, France ($X) constituted the largest supplier of safety fuses, detonating fuses and electric detonators to Belgium, comprising 85% of total imports. The second position in the ranking was held by the United States ($X), with a 5.4% share of total imports. It was followed by Germany, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-16.8% per year) and Germany (+26.7% per year).

Import Prices by Country

The average fuse and detonator import price stood at $X per ton in 2021, growing by 36% against the previous year. Overall, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 182%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

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 Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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