Czech Republic: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in the Czech Republic

In 2021, the Czech fuse and detonator market decreased by -0.8% to $X, falling for the third year in a row after seven years of growth. In general, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.3% 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 decreased by -31.0% against 2018 indices. Fuse and detonator consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Fuse And Detonator Production in the Czech Republic

In value terms, fuse and detonator production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production saw a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 141%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Fuse And Detonator Exports

Exports from the Czech Republic

After two years of decline, overseas shipments of safety fuses, detonating fuses and electric detonators increased by 5.9% to X tons in 2021. Over the period under review, total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -4.9% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 24% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, fuse and detonator exports expanded markedly to $X in 2021. The total export value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when exports increased by 17% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), the United States (X tons) and Austria (X tons) were the main destinations of fuse and detonator exports from the Czech Republic, with a combined 31% share of total exports. These countries were followed by Saudi Arabia, Sweden, Turkey, Poland, France, Malaysia, Finland, Norway, Estonia and Australia, which together accounted for a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +15.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fuse and detonator exported from the Czech Republic were the United States ($X), Germany ($X) and Poland ($X), together accounting for 46% of total exports. Austria, Malaysia, France, Sweden, Turkey, Australia, Norway, Saudi Arabia, Finland and Estonia lagged somewhat behind, together comprising a further 25%.

In terms of the main countries of destination, Malaysia, with a CAGR of +28.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average fuse and detonator export price amounted to $X per ton, with an increase of 7.7% against the previous year. Over the period under review, the export price, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 11%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Saudi Arabia ($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 Malaysia (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Fuse And Detonator Imports

Imports into the Czech Republic

In 2021, overseas purchases of safety fuses, detonating fuses and electric detonators decreased by -63.1% to X tons, falling for the sixth year in a row after four years of growth. In general, imports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2014 with an increase of 70%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, fuse and detonator imports reduced to $X in 2021. Over the period under review, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2014 with an increase of 72%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of fuse and detonator to the Czech Republic, with a 65% share of total imports. Moreover, fuse and detonator imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), sixfold. Italy (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-21.2% per year) and Italy (-9.8% per year).

In value terms, Germany ($X) constituted the largest supplier of safety fuses, detonating fuses and electric detonators to the Czech Republic, comprising 73% of total imports. The second position in the ranking was taken by Poland ($X), with a 14% share of total imports. It was followed by Italy, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+37.3% per year) and Italy (+8.8% per year).

Import Prices by Country

The average fuse and detonator import price stood at $X per ton in 2021, surging by 139% against the previous year. In general, the import price enjoyed a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+58.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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