Italy: Explosives Market 2024

Explosives Market Size in Italy

In 2021, after three years of growth, there was significant decline in the Italian explosives market, when its value decreased by -85.3% to $X. Overall, consumption recorded a precipitous decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Explosives Production in Italy

In value terms, explosives production reduced rapidly to $X in 2021 estimated in export price. Overall, production recorded a dramatic decrease. The pace of growth appeared the most rapid in 2018 with an increase of 28%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Explosives Exports

Exports from Italy

In 2021, shipments abroad of prepared explosives was finally on the rise to reach X tons after three years of decline. Over the period under review, exports saw strong growth. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, explosives exports surged to $X in 2021. In general, exports recorded strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 450%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Croatia (X tons) was the main destination for explosives exports from Italy, accounting for a 84% share of total exports. Moreover, explosives exports to Croatia exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold. France (X tons) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to Croatia amounted to +33.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-3.5% per year) and France (+15.2% per year).

In value terms, Croatia ($X) emerged as the key foreign market for prepared explosives exports from Italy, comprising 73% of total exports. The second position in the ranking was taken by France ($X), with a 10% share of total exports. It was followed by Spain, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Croatia totaled +41.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+14.5% per year) and Spain (+2.2% per year).

Export Prices by Country

In 2021, the average explosives export price amounted to $X per ton, falling by -14.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 100% against the previous year. The export price peaked at $X per ton in 2020, and then fell in the following year.

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 France ($X per ton), while the average price for exports to Croatia ($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 Serbia (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.

Explosives Imports

Imports into Italy

After two years of decline, purchases abroad of prepared explosives increased by 98% to X tons in 2021. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, explosives imports skyrocketed to $X in 2021. Overall, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% 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 decreased by -16.8% against 2019 indices. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest explosives supplier to Italy, accounting for a 48% share of total imports. Moreover, explosives imports from France exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. Austria (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+6.9% per year) and Austria (+14.4% per year).

In value terms, France ($X), Sweden ($X) and Norway ($X) were the largest explosives suppliers to Italy, together comprising 62% of total imports.

Sweden, with a CAGR of +51.7%, saw the highest rates of growth with regard to the value of imports, among 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 explosives import price amounted to $X per ton, declining by -11.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 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 the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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