Israel: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Israel

In 2021, after three years of growth, there was significant decline in the Israeli fuse and detonator market, when its value decreased by -13.9% to $X. Over the period under review, consumption, however, posted a measured expansion. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Fuse And Detonator Production in Israel

In value terms, fuse and detonator production fell markedly to $X in 2021 estimated in export price. Overall, production, however, showed pronounced growth. The pace of growth appeared the most rapid in 2016 with an increase of 86% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then declined dramatically in the following year.

Fuse And Detonator Exports

Exports from Israel

In 2021, shipments abroad of safety fuses, detonating fuses and electric detonators decreased by 0% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports showed resilient growth. The smallest decline of 99.9% was in 2019. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, fuse and detonator exports amounted to $X in 2021. In general, exports recorded significant growth. The smallest decline of 99.9% was in 2019. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), Palestine (X tons) and Romania (X kg) were the main destinations of fuse and detonator exports from Israel, together comprising 77% 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 Palestine (with a CAGR of +14.3%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Palestine ($X) and Romania ($X) appeared to be the largest markets for fuse and detonator exported from Israel worldwide, together comprising 67% of total exports. Germany lagged somewhat behind, comprising a further 0.4%.

Among the main countries of destination, Germany, with a CAGR of +49.5%, 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

In 2021, the average fuse and detonator export price amounted to $X per ton, flattening at the previous year. Over the period under review, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the average export price decreased by 99.9%. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($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 Palestine (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.

Fuse And Detonator Imports

Imports into Israel

In 2021, supplies from abroad of safety fuses, detonating fuses and electric detonators was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports saw a mild expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 280% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, fuse and detonator imports dropped to $X in 2021. Over the period under review, imports recorded a moderate increase. The growth pace was the most rapid in 2018 when imports increased by 157%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest fuse and detonator supplier to Israel, with a 42% share of total imports. Moreover, fuse and detonator imports from the United States exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fourfold. The third position in this ranking was held by Greece (X tons), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-1.7% per year) and Greece (+83.4% per year).

In value terms, the United States ($X) constituted the largest supplier of safety fuses, detonating fuses and electric detonators to Israel, comprising 42% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 12% share of total imports. It was followed by Spain, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+5.3% per year) and Spain (+9.8% per year).

Import Prices by Country

In 2021, the average fuse and detonator import price amounted to $X per ton, dropping by -18.9% against the previous year. Overall, the import price, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2020 an increase of 104% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :