MERCOSUR: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in MERCOSUR

After four years of growth, the MERCOSUR fuse and detonator market decreased by -3.4% to $X in 2021. The market value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then contracted slightly in the following year.

Fuse And Detonator Production in MERCOSUR

In value terms, fuse and detonator production reduced modestly to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +41.9% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 20% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined modestly in the following year.

Fuse And Detonator Exports

Exports in MERCOSUR

Fuse and detonator exports surged to X tons in 2021, rising by 27% against the year before. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +25.5% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fuse and detonator exports surged to $X in 2021. The total export value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Peru was the key exporting country with an export of about X tons, which finished at 56% of total exports. It was distantly followed by Brazil (X tons) and Chile (X tons), together making up a 44% share of total exports.

Peru was also the fastest-growing in terms of the safety fuses, detonating fuses and electric detonators exports, with a CAGR of +10.0% from 2012 to 2021. At the same time, Brazil (+7.2%) displayed positive paces of growth. Chile experienced a relatively flat trend pattern. While the share of Peru (+14 p.p.) and Brazil (+1.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Chile (-13.7 p.p.) displayed negative dynamics.

In value terms, Chile ($X), Peru ($X) and Brazil ($X) were the countries with the highest levels of exports in 2021, together comprising 100% of total exports.

Among the main exporting countries, Brazil, with a CAGR of +8.5%, saw the highest rates of growth with regard to 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

The export price in MERCOSUR stood at $X per ton in 2021, rising by 9.1% against the previous year. Overall, the export price, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2013 an increase of 15%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+2.0%), while the other leaders experienced mixed trends in the export price figures.

Fuse And Detonator Imports

Imports in MERCOSUR

In 2021, purchases 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. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fuse and detonator imports soared to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Chile (X tons) represented the main importer of safety fuses, detonating fuses and electric detonators, achieving 42% of total imports. Peru (X tons) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Ecuador (12%), Brazil (11%) and Argentina (5.3%). Colombia (X tons) and Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Paraguay (with a CAGR of +30.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Brazil ($X) and Peru ($X) constituted the countries with the highest levels of imports in 2021, with a combined 79% share of total imports. These countries were followed by Argentina, Colombia, Ecuador and Paraguay, which together accounted for a further 21%.

Paraguay, with a CAGR of +25.8%, saw the highest rates of growth with regard to 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 MERCOSUR stood at $X per ton in 2021, picking up by 4.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 16%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform