Japan: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Japan

In 2021, after three years of growth, there was significant decline in the Japanese fuse and detonator market, when its value decreased by -17.8% to $X. In general, consumption, however, saw a strong expansion. As a result, consumption reached the peak level of $X, and then reduced sharply in the following year.

Fuse And Detonator Production in Japan

In value terms, fuse and detonator production contracted remarkably to $X in 2021 estimated in export price. In general, production, however, saw a strong increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 78% against the previous year. As a result, production attained the peak level of $X, and then contracted notably in the following year.

Fuse And Detonator Exports

Exports from Japan

In 2021, shipments abroad of safety fuses, detonating fuses and electric detonators increased by 60% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 192% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, fuse and detonator exports surged to $X in 2021. In general, exports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 680%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for fuse and detonator exports from Japan, with a 54% share of total exports. Moreover, fuse and detonator exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled -17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+193.5% per year) and Poland (-17.3% per year).

In value terms, China ($X) remains the key foreign market for safety fuses, detonating fuses and electric detonators exports from Japan, comprising 63% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 18% share of total exports. It was followed by Mexico, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value to China stood at -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+111.5% per year) and Mexico (+54.5% per year).

Export Prices by Country

The average fuse and detonator export price stood at $X per ton in 2021, reducing by -10.4% against the previous year. In general, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 167% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Poland ($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 China (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Fuse And Detonator Imports

Imports into Japan

In 2021, the amount of safety fuses, detonating fuses and electric detonators imported into Japan shrank to X tons, dropping by -6% on 2020 figures. In general, imports recorded a slight setback. The most prominent rate of growth was recorded in 2014 with an increase of 20% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, fuse and detonator imports expanded sharply to $X in 2021. The total import value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 18% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Thailand (X tons), the United States (X tons) and the Czech Republic (X tons) were the main suppliers of fuse and detonator imports to Japan, with a combined 88% share of total imports. These countries were followed by South Korea, Sweden, Canada and Taiwan (Chinese), which together accounted for a further 9.8%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +19.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Thailand ($X) and the Czech Republic ($X) constituted the largest fuse and detonator suppliers to Japan, together comprising 90% of total imports. These countries were followed by Canada, Sweden, South Korea and Taiwan (Chinese), which together accounted for a further 3.4%.

In terms of the main suppliers, Canada, with a CAGR of +25.8%, recorded 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

In 2021, the average fuse and detonator import price amounted to $X per ton, rising by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 35%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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