Eastern Europe: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Eastern Europe

The East European fuse and detonator market dropped to $X in 2021, declining by -7.1% against the previous year. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.6% 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 +32.6% against 2017 indices. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Fuse And Detonator Production in Eastern Europe

In value terms, fuse and detonator production reduced rapidly to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.3% 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 +26.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 53% against the previous year. As a result, production reached the peak level of $X, and then declined dramatically in the following year.

Fuse And Detonator Exports

Exports in Eastern Europe

After three years of decline, shipments abroad of safety fuses, detonating fuses and electric detonators increased by 2.4% to X tons in 2021. Over the period under review, exports showed a modest increase. The growth pace was the most rapid in 2016 with an increase of 44% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, fuse and detonator exports totaled $X in 2021. Total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.5% 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 -28.3% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of 35% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic was the major exporter of safety fuses, detonating fuses and electric detonators in Eastern Europe, with the volume of exports accounting for X tons, which was approx. 78% of total exports in 2021. It was distantly followed by Poland (X tons), generating a 20% share of total exports.

Exports from the Czech Republic increased at an average annual rate of +4.9% from 2012 to 2021. At the same time, Poland (+8.0%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +8.0% from 2012-2021. The Czech Republic (+22 p.p.) and Poland (+8.9 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest fuse and detonator supplier in Eastern Europe, comprising 91% of total exports. The second position in the ranking was taken by Poland ($X), with a 5.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the Czech Republic totaled +3.0%.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, rising by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. As a result, the export price reached the peak level and is likely to continue 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 the Czech Republic ($X per ton), while Poland stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-0.5%).

Fuse And Detonator Imports

Imports in Eastern Europe

In 2021, purchases abroad of safety fuses, detonating fuses and electric detonators increased by 3.3% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 28% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, fuse and detonator imports rose rapidly to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 15%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Romania represented the major importer of safety fuses, detonating fuses and electric detonators in Eastern Europe, with the volume of imports resulting at X tons, which was near 45% of total imports in 2021. Poland (X tons) ranks second in terms of the total imports with a 25% share, followed by Ukraine (12%) and Estonia (12%). The following importers - Slovakia (X tons) and Belarus (X tons) - each resulted at a 4.1% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ukraine (with a CAGR of +12.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) constitutes the largest market for imported safety fuses, detonating fuses and electric detonators in Eastern Europe, comprising 54% of total imports. The second position in the ranking was taken by Poland ($X), with a 24% share of total imports. It was followed by Estonia, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value in Romania was relatively modest. In the other countries, the average annual rates were as follows: Poland (+7.5% per year) and Estonia (+5.5% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, picking up by 8.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.5%. The growth pace was the most rapid in 2017 when the import price increased by 35% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Romania ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+20.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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