Denmark: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Denmark

The Danish fuse and detonator market declined to $X in 2021, with a decrease of -7.4% against the previous year. In general, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.6% 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 +2.1% against 2015 indices. Fuse and detonator consumption peaked at $X in 2020, and then reduced in the following year.

Fuse And Detonator Production in Denmark

In value terms, fuse and detonator production fell slightly to $X in 2021 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +2.2% against 2015 indices. The pace of growth was the most pronounced in 2013 with an increase of 27% against the previous year. Fuse and detonator production peaked at $X in 2020, and then fell modestly in the following year.

Fuse And Detonator Exports

Exports from Denmark

In 2021, the amount of safety fuses, detonating fuses and electric detonators exported from Denmark surged to X tons, growing by 303% compared with the previous year's figure. Over the period under review, exports, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 with an increase of 5,735%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, fuse and detonator exports surged to $X in 2021. In general, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 641%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Greenland (X tons) was the main destination for fuse and detonator exports from Denmark, with a 89% share of total exports. Moreover, fuse and detonator exports to Greenland exceeded the volume sent to the second major destination, Iceland (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Greenland amounted to -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+7.5% per year) and Norway (+76.8% per year).

In value terms, Greenland ($X) remains the key foreign market for safety fuses, detonating fuses and electric detonators exports from Denmark, comprising 97% of total exports. The second position in the ranking was taken by Iceland ($X), with a 2.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Greenland amounted to +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+3.6% per year) and Norway (-3.0% per year).

Export Prices by Country

The average fuse and detonator export price stood at $X per ton in 2021, increasing by 16% against the previous year. Overall, the export price recorded a resilient expansion. The pace of growth was the most pronounced in 2020 an increase of 1,740% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Greenland ($X per ton), while the average price for exports to Norway ($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 Greenland (+11.0%), while the prices for the other major destinations experienced a decline.

Fuse And Detonator Imports

Imports into Denmark

In 2021, overseas purchases of safety fuses, detonating fuses and electric detonators decreased by -97.3% to X kg, falling for the second consecutive year after three years of growth. Overall, imports saw a precipitous slump. The most prominent rate of growth was recorded in 2015 when imports increased by 85% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, fuse and detonator imports fell rapidly to $X in 2021. Over the period under review, imports faced a sharp curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 53%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X kg) was the main fuse and detonator supplier to Denmark, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -27.4%.

In value terms, Germany ($X) constituted the largest supplier of safety fuses, detonating fuses and electric detonators to Denmark.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -30.6%.

Import Prices by Country

The average fuse and detonator import price stood at $X per ton in 2021, with a decrease of -15% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 53% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2021, the rate of growth in terms of prices for the Czech Republic amounted to +5.1% per year.

Source: IndexBox Platform

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