Finland: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Finland

The Finnish fuse and detonator market fell modestly to $X in 2021, declining by -3.5% against the previous year. In general, consumption, however, continues to indicate a pronounced setback. Fuse and detonator consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Fuse And Detonator Production in Finland

In value terms, fuse and detonator production soared to $X in 2021 estimated in export price. In general, production showed a drastic downturn. The growth pace was the most rapid in 2018 with an increase of 151% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Fuse And Detonator Exports

Exports from Finland

In 2021, the amount of safety fuses, detonating fuses and electric detonators exported from Finland skyrocketed to X tons, surging by 23% on the previous year's figure. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2014 when exports increased by 99%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, fuse and detonator exports soared to $X in 2021. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons), Norway (X tons) and Belgium (X tons) were the main destinations of fuse and detonator exports from Finland, with a combined 97% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +207.8%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for safety fuses, detonating fuses and electric detonators exports from Finland, comprising 61% of total exports. The second position in the ranking was held by Belgium ($X), with a 21% share of total exports. It was followed by Norway, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden totaled +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+396.5% per year) and Norway (+136.5% per year).

Export Prices by Country

The average fuse and detonator export price stood at $X per ton in 2021, rising by 90% against the previous year. Over the period under review, the export price, however, recorded a perceptible decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+61.7%), while the prices for the other major destinations experienced mixed trend patterns.

Fuse And Detonator Imports

Imports into Finland

In 2021, the amount of safety fuses, detonating fuses and electric detonators imported into Finland soared to X tons, growing by 16% compared with the previous year's figure. Overall, imports showed pronounced growth. The most prominent rate of growth was recorded in 2018 with an increase of 98% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, fuse and detonator imports fell to $X in 2021. Over the period under review, total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.1% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 43%. Over the period under review, imports hit record highs at $X in 2020, and then reduced in the following year.

Imports by Country

Romania (X tons), the Czech Republic (X tons) and Spain (X tons) were the main suppliers of fuse and detonator imports to Finland, with a combined 62% share of total imports. Sweden, Croatia, Russia, Germany, France and the United States lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +1,030.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Spain ($X) and Sweden ($X) constituted the largest fuse and detonator suppliers to Finland, together accounting for 51% of total imports. These countries were followed by France, Germany, Croatia, Russia, Romania and the United States, which together accounted for a further 42%.

Croatia, with a CAGR of +565.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average fuse and detonator import price amounted to $X per ton, declining by -19.8% against the previous year. In general, the import price showed a slight slump. The pace of growth appeared the most rapid in 2014 when the average import price increased by 34% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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