Benelux: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Benelux

In 2021, the Benelux fuse and detonator market increased by 9.5% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -30.5% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Fuse And Detonator Production in Benelux

In value terms, fuse and detonator production reached $X in 2021 estimated in export price. In general, production showed a moderate expansion. The growth pace was the most rapid in 2014 when the production volume increased by 41%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Fuse And Detonator Exports

Exports in Benelux

In 2021, overseas shipments of safety fuses, detonating fuses and electric detonators decreased by -22.1% to X tons, falling for the third year in a row after two years of growth. In general, exports, however, continue to indicate modest growth. The growth pace was the most rapid in 2013 when exports increased by 274% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, fuse and detonator exports reduced rapidly to $X in 2021. Over the period under review, exports, however, saw slight growth. The most prominent rate of growth was recorded in 2013 with an increase of 303%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Belgium (X tons) and the Netherlands (X tons) was the main exporter of safety fuses, detonating fuses and electric detonators in Benelux, mixing up 99.9% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belgium (with a CAGR of +5.0%).

In value terms, the Netherlands ($X) remains the largest fuse and detonator supplier in Benelux, comprising 83% of total exports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total exports.

In the Netherlands, fuse and detonator exports increased at an average annual rate of +1.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, with an increase of 3.4% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 131% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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 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 the Netherlands (+2.4%).

Fuse And Detonator Imports

Imports in Benelux

In 2021, the amount of safety fuses, detonating fuses and electric detonators imported in Benelux skyrocketed to X tons, with an increase of 42% compared with the previous year. Over the period under review, imports, however, faced a deep contraction. The growth pace was the most rapid in 2019 when imports increased by 288%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, fuse and detonator imports soared to $X in 2021. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium dominates imports structure, reaching X tons, which was approx. 98% of total imports in 2021. The Netherlands (X tons) held a relatively small share of total imports.

Belgium was also the fastest-growing in terms of the safety fuses, detonating fuses and electric detonators imports, with a CAGR of -10.3% from 2012 to 2021. The Netherlands (-14.5%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported safety fuses, detonating fuses and electric detonators in Benelux, comprising 94% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 6% share of total imports.

In Belgium, fuse and detonator imports expanded at an average annual rate of +1.3% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, increasing by 20% against the previous year. Over the period under review, the import price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2020 when the import price increased by 155% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, 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 (+12.9%).

Source: IndexBox Platform