Report Update Nov 1, 2024

Colombia - Safety Fuses, Detonating Fuses and Electric Detonators - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Colombia

In 2021, the Colombian fuse and detonator market decreased by -24% to $X, falling for the third year in a row after two years of growth. In general, consumption faced a abrupt descent. Fuse and detonator consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Fuse And Detonator Exports

Exports from Colombia

In 2021, approx. X tons of safety fuses, detonating fuses and electric detonators were exported from Colombia; waning by -65.4% on the previous year's figure. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 175%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, fuse and detonator exports dropped markedly to $X in 2021. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 104% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Suriname (X tons) was the main destination for fuse and detonator exports from Colombia, accounting for a 85% share of total exports. Moreover, fuse and detonator exports to Suriname exceeded the volume sent to the second major destination, Peru (X kg), eightfold. The third position in this ranking was held by the United States (X kg), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to Suriname amounted to +35.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+25.3% per year) and the United States (-1.6% per year).

In value terms, the largest markets for fuse and detonator exported from Colombia were Suriname ($X), Peru ($X) and the United States ($X), with a combined 100% share of total exports.

In terms of the main countries of destination, Peru, with a CAGR of +32.2%, 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 trend patterns.

Export Prices by Country

In 2021, the average fuse and detonator export price amounted to $X per ton, reducing by -10.9% against the previous year. In general, the export price, however, enjoyed pronounced growth. The pace of growth appeared the most rapid in 2018 an increase of 210% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Suriname ($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 Peru (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.

Fuse And Detonator Imports

Imports into Colombia

In 2021, overseas purchases of safety fuses, detonating fuses and electric detonators decreased by -34% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports faced a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 77%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, fuse and detonator imports declined notably to $X in 2021. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 37% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia (X tons), France (X tons) and Peru (X tons) were the main suppliers of fuse and detonator imports to Colombia, with a combined 64% 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 France (with a CAGR of +10.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, France ($X) constituted the largest supplier of safety fuses, detonating fuses and electric detonators to Colombia, comprising 51% of total imports. The second position in the ranking was taken by Canada ($X), with a 12% share of total imports. It was followed by Chile, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value from France totaled -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-18.7% per year) and Chile (-21.8% per year).

Import Prices by Country

In 2021, the average fuse and detonator import price amounted to $X per ton, rising by 20% against the previous year. Over the period under review, the import price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 37%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for safety fuses, detonating fuses and electric detonators in the world?

China remains the largest fuse and detonator consuming country worldwide, comprising approx. 23% of total volume. Moreover, fuse and detonator consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 6.9% share.

What are the largest producers of safety fuses, detonating fuses and electric detonators in the world?

China remains the largest fuse and detonator producing country worldwide, comprising approx. 24% of total volume. Moreover, fuse and detonator production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 7% share.

What are the leading suppliers of safety fuses, detonating fuses and electric detonators to Colombia?

In value terms, Chile, China and Peru constituted the largest fuse and detonator suppliers to Colombia, together accounting for 71% of total imports.

What are the leading importers of safety fuses, detonating fuses and electric detonators from Colombia?

In value terms, the United States $165) remains the key foreign market for fuse and detonator exports from Colombia.

What is the average export price for safety fuses, detonating fuses and electric detonators in Colombia?

In 2020, the average fuse and detonator export price amounted to $9,057 per ton, dropping by -45.7% against the previous year.

What is the average import price for safety fuses, detonating fuses and electric detonators in Colombia?

In 2020, the average fuse and detonator import price amounted to $43,285 per ton, which is down by -16% against the previous year.

This report provides an in-depth analysis of the fuse and detonator market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20511250 - Safety fuses, detonating fuses
Prodcom 20511270 - Percussion or detonating caps, igniters and electric detonators

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023