MENA: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in MENA

The MENA's fuse and detonator market soared to $X in 2021, rising by 42% against the previous year. Overall, consumption showed a strong expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Fuse And Detonator Production in MENA

In value terms, fuse and detonator production soared to $X in 2021 estimated in export price. Overall, production recorded a prominent increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 54%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Fuse And Detonator Exports

Exports in MENA

In 2021, approx. X tons of safety fuses, detonating fuses and electric detonators were exported in MENA; with an increase of 23% against the previous year's figure. Overall, exports enjoyed a measured expansion. The pace of growth appeared the most rapid in 2019 with an increase of 51%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, fuse and detonator exports soared to $X in 2021. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 76%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey represented the major exporter of safety fuses, detonating fuses and electric detonators in MENA, with the volume of exports accounting for X tons, which was near 71% of total exports in 2021. Saudi Arabia (X tons) held the second position in the ranking, distantly followed by Oman (X tons). All these countries together held approx. 26% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to fuse and detonator exports from Turkey stood at +1.1%. At the same time, Oman (+44.0%) and Saudi Arabia (+37.1%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of +44.0% from 2012-2021. Saudi Arabia (+18 p.p.) and Oman (+6.4 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -5.4% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest fuse and detonator supplier in MENA, comprising 70% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to -1.7%. In the other countries, the average annual rates were as follows: Saudi Arabia (+28.0% per year) and Oman (+59.2% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, with an increase of 8.5% against the previous year. In general, the export price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 71%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+10.6%), while the other leaders experienced a decline in the export price figures.

Fuse And Detonator Imports

Imports in MENA

In 2021, purchases abroad of safety fuses, detonating fuses and electric detonators increased by 12% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a slight setback. The growth pace was the most rapid in 2018 when imports increased by 38%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, fuse and detonator imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a noticeable decrease. The pace of growth appeared the most rapid in 2018 when imports increased by 45% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) was the main importer of safety fuses, detonating fuses and electric detonators, generating 46% of total imports. It was distantly followed by the United Arab Emirates (X tons) and Saudi Arabia (X tons), together mixing up a 33% share of total imports. Jordan (X tons), Djibouti (X tons), Israel (X tons) and Kuwait (X tons) held a relatively small share of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of safety fuses, detonating fuses and electric detonators. At the same time, Djibouti (+24.2%), Kuwait (+16.3%), the United Arab Emirates (+3.3%) and Israel (+1.6%) displayed positive paces of growth. Moreover, Djibouti emerged as the fastest-growing importer imported in MENA, with a CAGR of +24.2% from 2012-2021. Saudi Arabia experienced a relatively flat trend pattern. By contrast, Jordan (-3.8%) illustrated a downward trend over the same period. The United Arab Emirates (+6.8 p.p.), Turkey (+6.4 p.p.), Djibouti (+3.4 p.p.) and Kuwait (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fuse and detonator importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together accounting for 74% of total imports. Israel, Kuwait, Djibouti and Jordan lagged somewhat behind, together comprising a further 9.5%.

Kuwait, with a CAGR of +13.7%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, picking up by 8.4% against the previous year. Overall, the import price, however, continues to indicate a mild downturn. The pace of growth was the most pronounced in 2014 when the import price increased by 14%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Israel ($X per ton), while Jordan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform