Northern America: Explosives Market 2024

Explosives Market Size in Northern America

In 2021, after four years of growth, there was significant decline in the North American explosives market, when its value decreased by -9.7% to $X. The total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +84.5% against 2016 indices. The level of consumption peaked at $X in 2020, and then fell in the following year.

Explosives Production in Northern America

In value terms, explosives production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a moderate increase. The growth pace was the most rapid in 2019 with an increase of 38%. Over the period under review, production attained the maximum level at $X in 2020, and then dropped in the following year.

Explosives Exports

Exports in Northern America

After two years of decline, overseas shipments of prepared explosives increased by 26% to X tons in 2021. Overall, exports, however, showed a pronounced slump. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, explosives exports expanded modestly to $X in 2021. Over the period under review, exports, however, recorded a pronounced slump. The growth pace was the most rapid in 2018 with an increase of 4%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States prevails in exports structure, accounting for X tons, which was approx. 96% of total exports in 2021. Canada (X tons) held a minor share of total exports.

The United States was also the fastest-growing in terms of the prepared explosives exports, with a CAGR of -4.2% from 2012 to 2021. Canada (-8.2%) illustrated a downward trend over the same period. While the share of the United States (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Canada (-1.7 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest explosives supplier in Northern America, comprising 94% of total exports. The second position in the ranking was held by Canada ($X), with a 5.7% share of total exports.

In the United States, explosives exports declined by an average annual rate of -4.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, reducing by -19.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 20% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined significantly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+5.5%).

Explosives Imports

Imports in Northern America

In 2021, supplies from abroad of prepared explosives was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, showed a mild contraction. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, explosives imports expanded notably to $X in 2021. Total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -19.2% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 34% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Canada represented the key importer of prepared explosives in Northern America, with the volume of imports resulting at X tons, which was approx. 66% of total imports in 2021. It was distantly followed by the United States (X tons), committing a 33% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United States (with a CAGR of +9.0%).

In value terms, the United States ($X) and Canada ($X) appeared to be the countries with the highest levels of imports in 2021.

The United States, with a CAGR of +8.9%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, reducing by -8.9% against the previous year. Overall, the import price, however, enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2018 an increase of 30% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2020, and then fell in the following year.

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 the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.5%).

Source: IndexBox Platform

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