China: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in China

In 2021, the Chinese fuse and detonator market decreased by -8.9% to $X for the first time since 2011, thus ending a nine-year rising trend. In general, consumption, however, showed buoyant growth. Fuse and detonator consumption peaked at $X in 2020, and then dropped in the following year.

Fuse And Detonator Production in China

In value terms, fuse and detonator production reduced to $X in 2021 estimated in export price. In general, production, however, posted a prominent expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by 40%. Over the period under review, production reached the peak level at $X in 2020, and then reduced in the following year.

Fuse And Detonator Exports

Exports from China

In 2021, overseas shipments of safety fuses, detonating fuses and electric detonators decreased by -12.3% to X tons, falling for the third year in a row after two years of growth. In general, exports showed a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of 37%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, fuse and detonator exports shrank to $X in 2021. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of 36% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X tons), the United States (X tons) and Ghana (X tons) were the main destinations of fuse and detonator exports from China, together accounting for 59% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +93.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the key foreign market for safety fuses, detonating fuses and electric detonators exports from China, comprising 58% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with an 8.9% share of total exports. It was followed by Congo, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value to Australia stood at -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+2.8% per year) and Congo (+25.8% per year).

Export Prices by Country

The average fuse and detonator export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price saw a buoyant increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 38%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to the United States ($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 Australia (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Fuse And Detonator Imports

Imports into China

In 2021, after six years of decline, there was growth in overseas purchases of safety fuses, detonating fuses and electric detonators, when their volume increased by 0.5% to X tons. Overall, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2014 when imports increased by 11%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, fuse and detonator imports skyrocketed to $X in 2021. In general, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -26.6% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 29%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of fuse and detonator to China, accounting for a 42% share of total imports. Moreover, fuse and detonator imports from Thailand exceeded the figures recorded by the second-largest supplier, Australia (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-12.9% per year) and the United States (-19.0% per year).

In value terms, Thailand ($X), the Czech Republic ($X) and the United States ($X) were the largest fuse and detonator suppliers to China, with a combined 76% share of total imports. These countries were followed by Malaysia, Japan, Australia and Canada, which together accounted for a further 16%.

Malaysia, with a CAGR of +257.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average fuse and detonator import price amounted to $X per ton, increasing by 17% against the previous year. Overall, the import price recorded prominent growth. The most prominent rate of growth was recorded in 2015 an increase of 46%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+30.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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