Middle East: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in the Middle East

The Middle Eastern fuse and detonator market skyrocketed to $X in 2021, rising by 63% against the previous year. Overall, consumption continues to indicate a strong expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Fuse And Detonator Production in the Middle East

In value terms, fuse and detonator production surged to $X in 2021 estimated in export price. In general, production continues to indicate a resilient increase. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Fuse And Detonator Exports

Exports in the Middle East

Fuse and detonator exports surged to X tons in 2021, rising by 21% on 2020. Overall, exports enjoyed measured growth. The pace of growth was the most pronounced in 2014 with an increase of 53%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, fuse and detonator exports soared to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 77%. As a result, the exports attained 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 largest exporter of safety fuses, detonating fuses and electric detonators in the Middle East, with the volume of exports reaching X tons, which was near 72% 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 near 27% 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 the Middle East, with a CAGR of +44.0% from 2012-2021. Saudi Arabia (+19 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 -9.4% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest fuse and detonator supplier in the Middle East, comprising 71% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 21% share of total exports.

In Turkey, fuse and detonator exports shrank by an average annual rate of -1.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+28.0% per year) and Oman (+59.2% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, rising by 9.2% against the previous year. Overall, the export price, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when the export price increased by 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 the Middle East

In 2021, after two years of decline, there was significant growth in supplies from abroad of safety fuses, detonating fuses and electric detonators, when their volume increased by 13% to X tons. Overall, imports, however, saw a mild decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 41% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, fuse and detonator imports soared to $X in 2021. Over the period under review, imports, however, saw a pronounced reduction. The growth pace was the most rapid in 2017 when imports increased by 49%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey represented the major importing country with an import of about X tons, which accounted for 50% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a 23% share, followed by Saudi Arabia (13%) and Jordan (4.5%). The following importers - Israel (X tons) and Kuwait (X tons) - together made up 4.9% 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, Kuwait (+16.3%), the United Arab Emirates (+3.3%) and Israel (+1.6%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +16.3% from 2012-2021. Saudi Arabia experienced a relatively flat trend pattern. By contrast, Jordan (-3.8%) illustrated a downward trend over the same period. Turkey (+7.8 p.p.), the United Arab Emirates (+7.6 p.p.) and Kuwait (+1.8 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, Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2021, together comprising 83% of total imports. Israel, Kuwait and Jordan lagged somewhat behind, together comprising a further 9.2%.

Kuwait, with a CAGR of +13.7%, saw the highest growth rate of the value of imports, among 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

In 2021, the import price in the Middle East amounted to $X per ton, growing by 7.8% against the previous year. Over the period under review, the import price, however, recorded a mild descent. The pace of growth was the most pronounced in 2014 when the import price increased by 13%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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

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