Central Asia: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Central Asia

After five years of growth, the Central Asian fuse and detonator market decreased by -16% to $X in 2021. Over the period under review, consumption, however, continues to indicate resilient growth. Over the period under review, the market reached the peak level at $X in 2020, and then contracted dramatically in the following year.

Fuse And Detonator Production in Central Asia

In value terms, fuse and detonator production contracted to $X in 2021 estimated in export price. Overall, production, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 42%. As a result, production reached the peak level of $X, and then shrank in the following year.

Fuse And Detonator Exports

Exports in Central Asia

In 2021, overseas shipments of safety fuses, detonating fuses and electric detonators decreased by -41% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, posted a measured increase. The pace of growth appeared the most rapid in 2016 with an increase of 201%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, fuse and detonator exports contracted sharply to $X in 2021. Overall, exports saw a slight shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by 102%. Over the period under review, the exports hit record highs at $X in 2020, and then dropped rapidly in the following year.

Exports by Country

Kyrgyzstan (X tons) and Kazakhstan (X tons) dominates exports structure, together mixing up 98% of total exports. Tajikistan (X kg) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kyrgyzstan (with a CAGR of +55.2%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest fuse and detonator supplying countries in Central Asia were Kyrgyzstan ($X), Kazakhstan ($X) and Tajikistan ($X).

In terms of the main exporting countries, Kyrgyzstan, with a CAGR of +56.9%, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, showed a abrupt decline. The growth pace was the most rapid in 2015 when the export price increased by 112%. As a result, the export price attained the peak level of $X per ton. From 2016 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 Tajikistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+1.1%).

Fuse And Detonator Imports

Imports in Central Asia

In 2021, the amount of safety fuses, detonating fuses and electric detonators imported in Central Asia dropped markedly to X tons, with a decrease of -28.8% against the previous year's figure. In general, imports, however, recorded a strong increase. The growth pace was the most rapid in 2016 with an increase of 72%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, fuse and detonator imports fell to $X in 2021. Over the period under review, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 71%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) represented the key importers of safety fuses, detonating fuses and electric detonators in 2021, recording near 45% and 30% of total imports, respectively. It was distantly followed by Mongolia (X tons) and Kyrgyzstan (X tons), together generating a 23% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +35.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fuse and detonator importing markets in Central Asia were Uzbekistan ($X), Kazakhstan ($X) and Mongolia ($X), with a combined 88% share of total imports.

Uzbekistan, with a CAGR of +32.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, jumping by 27% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Kyrgyzstan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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