Eastern Asia: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Eastern Asia

In 2021, after three years of growth, there was significant decline in the East Asian fuse and detonator market, when its value decreased by -14.5% to $X. Over the period under review, consumption, however, recorded a prominent increase. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Fuse And Detonator Production in Eastern Asia

In value terms, fuse and detonator production shrank notably to $X in 2021 estimated in export price. Overall, production, however, saw a strong increase. The pace of growth was the most pronounced in 2020 when the production volume increased by 55% against the previous year. As a result, production attained the peak level of $X, and then contracted remarkably in the following year.

Fuse And Detonator Exports

Exports in Eastern Asia

In 2021, overseas shipments of safety fuses, detonating fuses and electric detonators decreased by less than 0.1% to X tons, falling for the third year in a row after two years of growth. In general, exports faced a drastic downturn. The growth pace was the most rapid in 2017 when exports increased by 32% against the previous year. 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 rose markedly to $X in 2021. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 25%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, China (X tons) was the main exporter of safety fuses, detonating fuses and electric detonators, generating 58% of total exports. It was distantly followed by South Korea (X tons), generating a 38% share of total exports. Japan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +14.6%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, South Korea ($X), China ($X) and Japan ($X) were the countries with the highest levels of exports in 2021, with a combined 99% share of total exports.

South Korea, with a CAGR of +14.4%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, picking up by 12% against the previous year. Overall, the export price continues to indicate a remarkable increase. The growth pace was the most rapid in 2019 when the export price increased by 44%. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

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 Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+11.4%), while the other leaders experienced mixed trends in the export price figures.

Fuse And Detonator Imports

Imports in Eastern Asia

In 2021, purchases abroad of safety fuses, detonating fuses and electric detonators increased by 20% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt curtailment. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, fuse and detonator imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.1% 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 imports increased by 22%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

China was the major importer of safety fuses, detonating fuses and electric detonators in Eastern Asia, with the volume of imports accounting for X tons, which was near 42% of total imports in 2021. Japan (X tons) ranks second in terms of the total imports with a 26% share, followed by South Korea (16%) and Taiwan (Chinese) (11%). Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +24.7%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest fuse and detonator importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together comprising 92% of total imports. These countries were followed by Taiwan (Chinese) and Hong Kong SAR, which together accounted for a further 7.7%.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of +26.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, approximately reflecting the previous year. Overall, the import price recorded resilient growth. The growth pace was the most rapid in 2015 when the import price increased by 30% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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