Europe: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Europe

The Europe fuse and detonator market totaled $X in 2021, flattening at the previous year. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.2% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Fuse And Detonator Production in Europe

In value terms, fuse and detonator production fell to $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.4% 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 +4.2% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 29%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Fuse And Detonator Exports

Exports in Europe

After three years of decline, overseas shipments of safety fuses, detonating fuses and electric detonators increased by 5% to X tons in 2021. Total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -24.7% against 2017 indices. The pace of growth appeared the most rapid in 2016 when exports increased by 25% 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 soared to $X in 2021. The total export value increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons), Spain (X tons) and France (X tons) represented roughly 65% of total exports in 2021. Poland (X tons) took a 6.9% share (based on physical terms) of total exports, which put it in second place, followed by Italy (6.6%) and Bosnia and Herzegovina (6.5%). The UK (X tons) took a relatively small share of total exports.

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

In value terms, the Czech Republic ($X), France ($X) and Spain ($X) constituted the countries with the highest levels of exports in 2021, together comprising 62% of total exports. Bosnia and Herzegovina, Italy, the UK and Poland lagged somewhat behind, together comprising a further 11%.

Among the main exporting countries, Bosnia and Herzegovina, with a CAGR of +12.6%, recorded the highest growth rate of the value of exports, 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 Europe stood at $X per ton in 2021, increasing by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2018 when the export price increased by 13% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.2%), while the other leaders experienced more modest paces of growth.

Fuse And Detonator Imports

Imports in Europe

In 2021, purchases abroad of safety fuses, detonating fuses and electric detonators was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, recorded a perceptible downturn. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, fuse and detonator imports soared to $X in 2021. In general, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons), followed by Germany (X tons), Norway (X tons), Finland (X tons), Romania (X tons), France (X tons), Ireland (X tons) and Austria (X tons) were the main importers of safety fuses, detonating fuses and electric detonators, together comprising 69% of total imports. The following importers - Poland (X tons), Belgium (X tons), Spain (X tons), Serbia (X tons) and the UK (X tons) - together made up 16% of total imports.

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, Norway ($X), Romania ($X) and France ($X) constituted the countries with the highest levels of imports in 2021, together comprising 35% of total imports. These countries were followed by Germany, Austria, Italy, Belgium, Poland, the UK, Finland, Serbia, Spain and Ireland, which together accounted for a further 48%.

In terms of the main importing countries, Austria, with a CAGR of +9.3%, 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 Europe stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 an increase of 16% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 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