Malaysia: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Malaysia

The Malaysian fuse and detonator market soared to $X in 2021, jumping by 34% against the previous year. In general, consumption saw a strong expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Fuse And Detonator Production in Malaysia

In value terms, fuse and detonator production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production showed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 41% against the previous year. Fuse and detonator production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Fuse And Detonator Exports

Exports from Malaysia

In 2021, overseas shipments of safety fuses, detonating fuses and electric detonators decreased by -34% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 49%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, fuse and detonator exports amounted to $X in 2021. Over the period under review, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 61%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Indonesia (X tons), Japan (X tons) and Thailand (X tons) were the main destinations of fuse and detonator exports from Malaysia, with a combined 76% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +204.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for safety fuses, detonating fuses and electric detonators exports from Malaysia, comprising 58% of total exports. The second position in the ranking was held by Indonesia ($X), with a 14% share of total exports. It was followed by Japan, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to China totaled +177.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+0.9% per year) and Japan (+206.4% per year).

Export Prices by Country

The average fuse and detonator export price stood at $X per ton in 2021, jumping by 53% against the previous year. In general, the export price saw prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Singapore ($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 Lao People's Democratic Republic (+56.5%), while the prices for the other major destinations experienced more modest paces of growth.

Fuse And Detonator Imports

Imports into Malaysia

In 2021, approx. X tons of safety fuses, detonating fuses and electric detonators were imported into Malaysia; picking up by 3.6% compared with 2020 figures. Over the period under review, imports continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2016 with an increase of 255% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, fuse and detonator imports rose sharply to $X in 2021. In general, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2016 when imports increased by 145% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The Czech Republic (X tons), India (X tons) and China (X tons) were the main suppliers of fuse and detonator imports to Malaysia, with a combined 88% share of total imports. These countries were followed by Japan, the United States and Mexico, which together accounted for a further 9.9%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +57.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constituted the largest supplier of safety fuses, detonating fuses and electric detonators to Malaysia, comprising 65% of total imports. The second position in the ranking was held by Japan ($X), with an 11% share of total imports. It was followed by India, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic stood at +34.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+63.8% per year) and India (+5.4% per year).

Import Prices by Country

In 2021, the average fuse and detonator import price amounted to $X per ton, increasing by 7.4% against the previous year. Over the period under review, the import price continues to indicate notable growth. The pace of growth was the most pronounced in 2017 an increase of 77% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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