Report Update Nov 1, 2024

Hong Kong SAR, China - Prepared Explosives - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Explosives Market 2024

Explosives Market Size in Hong Kong SAR, China

After two years of decline, the Hong Kong explosives market increased by 15% to $X in 2021. In general, consumption showed prominent growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Explosives Production in Hong Kong SAR, China

In value terms, explosives production surged to $X in 2021 estimated in export price. In general, production recorded a strong expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 158% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Explosives Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of prepared explosives were finally on the rise to reach X kg for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, faced a precipitous slump. The most prominent rate of growth was recorded in 2018 when exports increased by 6,114% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, explosives exports rose notably to $X in 2021. Overall, exports, however, saw a significant decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 482%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Philippines (X kg) was the main destination for explosives exports from Hong Kong SAR, with a 92% share of total exports. Moreover, explosives exports to the Philippines exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Philippines totaled -18.3%.

In value terms, the United States ($X) and the Philippines ($X) constituted the largest markets for explosives exported from Hong Kong SAR worldwide.

The United States, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average explosives export price stood at $X per ton in 2021, rising by 4.2% against the previous year. Overall, the export price showed a perceptible expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 819% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Philippines totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+8.7%).

Explosives Imports

Imports into Hong Kong SAR, China

In 2021, explosives imports into Hong Kong SAR shrank notably to X tons, reducing by -34.1% compared with the previous year's figure. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 229% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, explosives imports shrank sharply to $X in 2021. Over the period under review, imports recorded a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 273% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The Philippines (X tons), India (X tons) and Malaysia (X tons) were the main suppliers of explosives imports to Hong Kong SAR, together accounting for 82% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +4.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the Philippines ($X) constituted the largest supplier of prepared explosives to Hong Kong SAR, comprising 50% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by Malaysia, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value from the Philippines amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.3% per year) and Malaysia (-4.9% per year).

Import Prices by Country

In 2021, the average explosives import price amounted to $X per ton, falling by -2.4% against the previous year. Overall, the import price showed a slight decrease. The pace of growth appeared the most rapid in 2015 an increase of 36%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for India ($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 Philippines (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for prepared explosives in the world?

The countries with the highest volumes of explosives consumption in 2020 were China, Norway and the United States, with a combined 41% share of global consumption.

What are the largest producers of prepared explosives in the world?

The countries with the highest volumes of explosives production in 2020 were China, Norway and the United States, with a combined 42% share of global production.

What are the leading suppliers of prepared explosives to Hong Kong SAR, China?

In value terms, the Philippines, China and Malaysia appeared to be the largest explosives suppliers to Hong Kong SAR, with a combined 47% share of total imports.

What is the average export price for prepared explosives in Hong Kong SAR, China?

The average explosives export price stood at $2,703 per ton in 2020, declining by -70.7% against the previous year.

What is the average import price for prepared explosives in Hong Kong SAR, China?

The average explosives import price stood at $3,748 per ton in 2020, with a decrease of -21.3% against the previous year.

This report provides an in-depth analysis of the explosives market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20511150 - Prepared explosives (excluding propellant powders)

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023