Benelux: Explosives Market 2024

Explosives Market Size in Benelux

The Benelux explosives market totaled $X in 2021, growing by 15% against the previous year. The total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.8% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Explosives Production in Benelux

In value terms, explosives production totaled $X in 2021 estimated in export price. The total production indicated modest growth from 2012 to 2021: its value 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, production decreased by -11.2% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 33%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Explosives Exports

Exports in Benelux

For the third consecutive year, Benelux recorded decline in shipments abroad of prepared explosives, which decreased by -23.8% to X tons in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 991%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, explosives exports shrank to $X in 2021. In general, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2014 when exports increased by 138% against the previous year. The level of export peaked at $X in 2020, and then declined in the following year.

Exports by Country

The Netherlands was the largest exporter of prepared explosives in Benelux, with the volume of exports recording X tons, which was approx. 61% of total exports in 2021. It was distantly followed by Belgium (X tons), mixing up a 39% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belgium (with a CAGR of +75.1%).

In value terms, the Netherlands ($X) remains the largest explosives supplier in Benelux, comprising 91% of total exports. The second position in the ranking was held by Belgium ($X), with an 8.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands amounted to +7.2%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, increasing by 22% against the previous year. Overall, the export price enjoyed a resilient increase. The growth pace was the most rapid in 2020 an increase of 824% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-1.9%).

Explosives Imports

Imports in Benelux

In 2021, explosives imports in Benelux totaled X tons, surging by 6.4% on the year before. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 73% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, explosives imports stood at $X in 2021. In general, imports showed a noticeable increase. The pace of growth was the most pronounced in 2020 with an increase of 114% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

Belgium prevails in imports structure, amounting to X tons, which was near 96% of total imports in 2021. The Netherlands (X tons) followed a long way behind the leaders.

Belgium was also the fastest-growing in terms of the prepared explosives imports, with a CAGR of +12.4% from 2012 to 2021. At the same time, the Netherlands (+3.5%) displayed positive paces of growth. From 2012 to 2021, the share of Belgium increased by +37 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported prepared explosives in Benelux, comprising 68% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 32% share of total imports.

In Belgium, explosives imports increased at an average annual rate of +7.5% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, declining by -3.3% against the previous year. In general, the import price continues to indicate a mild contraction. The pace of growth was the most pronounced in 2020 when the import price increased by 118% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.5%).

Source: IndexBox Platform