EU: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in the EU

In 2021, after two years of decline, there was growth in the EU fuse and detonator market, when its value increased by 4% to $X. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.6% 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 decreased by -14.5% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Fuse And Detonator Production in the EU

In value terms, fuse and detonator production shrank modestly to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +1.5% against 2019 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 31% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Fuse And Detonator Exports

Exports in the EU

In 2021, shipments abroad of safety fuses, detonating fuses and electric detonators was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 22%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, fuse and detonator exports soared to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.1% 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 -3.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 19%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, the Czech Republic (X tons), Spain (X tons) and France (X tons) represented the major exporter of safety fuses, detonating fuses and electric detonators in the European Union, creating 75% of total export. It was distantly followed by Poland (X tons) and Italy (X tons), together creating a 16% share of total exports. The following exporters - Germany (X tons) and Croatia (X tons) - together made up 5.7% of total exports.

From 2012 to 2021, the biggest increases were recorded for Croatia (with a CAGR of +12.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), France ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2021, with a combined 74% share of total exports. These countries were followed by Spain, Italy, Poland and Croatia, which together accounted for a further 15%.

Croatia, with a CAGR of +9.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, growing by 9.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2019 an increase of 11%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.2%), while the other leaders experienced more modest paces of growth.

Fuse And Detonator Imports

Imports in the EU

In 2021, after three years of decline, there was significant growth in overseas purchases of safety fuses, detonating fuses and electric detonators, when their volume increased by 23% to X tons. In general, imports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, fuse and detonator imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt downturn. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons), distantly followed by Germany (X tons), Finland (X tons), Romania (X tons), France (X tons), Ireland (X tons), Austria (X tons) and Poland (X tons) represented the major importers of safety fuses, detonating fuses and electric detonators, together mixing up 80% of total imports. Belgium (X tons), Spain (X tons), Portugal (X tons), Estonia (X tons) and Greece (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +19.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fuse and detonator importing markets in the European Union were Romania ($X), France ($X) and Germany ($X), with a combined 45% share of total imports. Austria, Italy, Belgium, Poland, Finland, Spain, Estonia, Portugal, Ireland and Greece lagged somewhat behind, together comprising a further 50%.

Austria, with a CAGR of +9.3%, saw the highest growth rate of the value of imports, among the main importing countries 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 the European Union stood at $X per ton in 2021, with an increase of 2.5% against the previous year. Overall, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2020 an increase of 8.6%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Ireland ($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 more modest paces of growth.

Source: IndexBox Platform

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