Eastern Europe: Explosives Market 2024

Explosives Market Size in Eastern Europe

For the third consecutive year, the East European explosives market recorded growth in sales value, which increased by 2.7% to $X in 2021. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Explosives Production in Eastern Europe

In value terms, explosives production expanded slightly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 8.5% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Explosives Exports

Exports in Eastern Europe

In 2021, overseas shipments of prepared explosives decreased by -2.4% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 59%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, explosives exports rose markedly to $X in 2021. Overall, exports showed a perceptible decrease. The growth pace was the most rapid in 2016 with an increase of 35% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Poland was the major exporting country with an export of around X tons, which resulted at 64% of total exports. It was distantly followed by Romania (X tons) and Estonia (X tons), together achieving a 28% share of total exports. The Czech Republic (X tons) and Belarus (X tons) followed a long way behind the leaders.

Poland experienced a relatively flat trend pattern with regard to volume of exports of prepared explosives. At the same time, Belarus (+68.7%), Romania (+6.5%) and Estonia (+2.4%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +68.7% from 2012-2021. By contrast, the Czech Republic (-17.3%) illustrated a downward trend over the same period. Poland (+34 p.p.), Romania (+12 p.p.), Estonia (+7.2 p.p.) and Belarus (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while the Czech Republic saw its share reduced by -7.3% from 2012 to 2021, respectively.

In value terms, Poland ($X) remains the largest explosives supplier in Eastern Europe, comprising 58% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 20% share of total exports. It was followed by Romania, with a 13% share.

In Poland, explosives exports increased at an average annual rate of +3.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Czech Republic (-1.0% per year) and Romania (+7.3% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, jumping by 15% against the previous year. Export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, explosives export price increased by +108.6% against 2018 indices. The pace of growth appeared the most rapid in 2020 when the export price increased by 72%. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

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 ($X per ton), while Estonia ($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 Czech Republic (+19.7%), while the other leaders experienced more modest paces of growth.

Explosives Imports

Imports in Eastern Europe

In 2021, after two years of decline, there was significant growth in purchases abroad of prepared explosives, when their volume increased by 15% to X tons. Overall, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 24% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, explosives imports soared to $X in 2021. Total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.6% against 2018 indices. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of explosives imports in 2021 were the Czech Republic (X tons), Slovakia (X tons) and Romania (X tons), together resulting at 72% of total import. Poland (X tons) ranks next in terms of the total imports with a 7.5% share, followed by Belarus (6.6%). The following importers - Lithuania (X tons) and Ukraine (X tons) - each resulted at an 8.3% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ukraine (with a CAGR of +33.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Slovakia ($X) and Romania ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 71% of total imports. Ukraine, the Czech Republic, Belarus and Lithuania lagged somewhat behind, together comprising a further 28%.

In terms of the main importing countries, Lithuania, with a CAGR of +30.1%, recorded 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 Europe stood at $X per ton in 2021, with an increase of 19% against the previous year. Import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +9.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, explosives import price increased by +21.8% against 2019 indices. The growth pace was the most rapid in 2016 when the import price increased by 33% against the previous year. The level of import peaked in 2021 and is likely to see gradual 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 Poland ($X per ton), while Lithuania ($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 (+17.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :