Brazil: Explosives Market 2024

Explosives Market Size in Brazil

The Brazilian explosives market was finally on the rise to reach $X in 2021, after seven years of decline. Overall, consumption showed a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Explosives Production in Brazil

In value terms, explosives production expanded to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt setback. Explosives production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Explosives Exports

Exports from Brazil

In 2021, approx. X tons of prepared explosives were exported from Brazil; which is down by -36.2% on 2020 figures. In general, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 89% against the previous year. The exports peaked at X tons in 2020, and then dropped notably in the following year.

In value terms, explosives exports dropped sharply to $X in 2021. Over the period under review, exports saw a slight shrinkage. The growth pace was the most rapid in 2014 when exports increased by 80%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X tons) was the main destination for explosives exports from Brazil, with a 77% share of total exports. Moreover, explosives exports to Paraguay exceeded the volume sent to the second major destination, Argentina (X tons), eightfold. Peru (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Paraguay amounted to +13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-13.7% per year) and Peru (+166.4% per year).

In value terms, Paraguay ($X) remains the key foreign market for prepared explosives exports from Brazil, comprising 52% of total exports. The second position in the ranking was taken by Peru ($X), with a 17% share of total exports. It was followed by Argentina, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Paraguay stood at +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+140.2% per year) and Argentina (-7.5% per year).

Export Prices by Country

In 2021, the average explosives export price amounted to $X per ton, jumping by 24% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, explosives export price decreased by -23.6% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 40%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average 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 Peru ($X per ton), while the average price for exports to Paraguay ($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 Chile (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Explosives Imports

Imports into Brazil

In 2021, overseas purchases of prepared explosives decreased by -10.2% to X tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2015 when imports increased by 75%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, explosives imports expanded significantly to $X in 2021. Over the period under review, imports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2018 when imports increased by 35%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Argentina (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of explosives imports to Brazil, with a combined 94% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +253.7%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of prepared explosives to Brazil, comprising 64% of total imports. The second position in the ranking was taken by Argentina ($X), with a 19% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+5.8% per year) and Germany (+126.4% per year).

Import Prices by Country

In 2021, the average explosives import price amounted to $X per ton, increasing by 20% against the previous year. Overall, the import price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 an increase of 81%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+8.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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