Central Asia: Explosives Market 2024

Explosives Market Size in Central Asia

The Central Asian explosives market soared to $X in 2021, with an increase of 52% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% 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 increased by +109.5% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Explosives Production in Central Asia

In value terms, explosives production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 46% against the previous year. The level of production peaked at $X in 2020, and then contracted in the following year.

Explosives Exports

Exports in Central Asia

In 2021, explosives exports in Central Asia surged to X tons, jumping by 36% compared with the previous year. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 298%. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, explosives exports soared to $X in 2021. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 139%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Kazakhstan prevails in exports structure, reaching X tons, which was near 94% of total exports in 2021. The following exporters - Tajikistan (X tons) and Uzbekistan (X tons) - each amounted to a 6.3% share of total exports.

Kazakhstan was also the fastest-growing in terms of the prepared explosives exports, with a CAGR of +28.8% from 2012 to 2021. Tajikistan (-8.7%) and Uzbekistan (-28.7%) illustrated a downward trend over the same period. Kazakhstan (+38 p.p.) and Uzbekistan (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while Tajikistan saw its share reduced by -41.3% from 2012 to 2021, respectively.

In value terms, Kazakhstan ($X) remains the largest explosives supplier in Central Asia, comprising 87% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 7% share of total exports.

In Kazakhstan, explosives exports expanded at an average annual rate of +30.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (+44.4% per year) and Tajikistan (-6.0% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, growing by 2.3% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 143%. The level of export peaked at $X per ton in 2019; however, from 2020 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 Uzbekistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+102.5%), while the other leaders experienced more modest paces of growth.

Explosives Imports

Imports in Central Asia

Explosives imports reduced to X tons in 2021, which is down by -7% on 2020. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 52% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, explosives imports declined notably to $X in 2021. Over the period under review, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 48% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Kazakhstan dominates imports structure, resulting at X tons, which was near 82% of total imports in 2021. Kyrgyzstan (X tons) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Tajikistan (5%). Mongolia (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to explosives imports into Kazakhstan stood at -6.5%. At the same time, Kyrgyzstan (+6.3%) and Tajikistan (+1.1%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +6.3% from 2012-2021. By contrast, Mongolia (-32.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kazakhstan, Kyrgyzstan and Tajikistan increased by +14, +7.4 and +2.9 percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported prepared explosives in Central Asia, comprising 63% of total imports. The second position in the ranking was held by Tajikistan ($X), with a 13% share of total imports. It was followed by Kyrgyzstan, with a 9.7% share.

In Kazakhstan, explosives imports contracted by an average annual rate of -11.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Tajikistan (+8.5% per year) and Kyrgyzstan (-3.2% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, falling by -13.5% against the previous year. Overall, the import price showed a noticeable contraction. The growth pace was the most rapid in 2017 an increase of 48%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, 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 Mongolia (+10.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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