Portugal: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Portugal

The Portuguese fuse and detonator market totaled $X in 2021, increasing by 14% against the previous year. Over the period under review, consumption continues to indicate a strong increase. Fuse and detonator consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Fuse And Detonator Production in Portugal

In value terms, fuse and detonator production amounted to $X in 2021 estimated in export price. Overall, production recorded a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 41% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Fuse And Detonator Exports

Exports from Portugal

In 2021, exports of safety fuses, detonating fuses and electric detonators from Portugal skyrocketed to X tons, with an increase of 23% compared with the year before. Over the period under review, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 70% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, fuse and detonator exports skyrocketed to $X in 2021. Overall, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 62%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Spain (X tons), France (X tons) and Italy (X tons) were the main destinations of fuse and detonator exports from Portugal, with a combined 77% share of total exports. These countries were followed by Finland, Germany and Austria, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +75.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fuse and detonator exported from Portugal were Spain ($X), France ($X) and Italy ($X), together accounting for 77% of total exports. These countries were followed by Finland, Germany and Austria, which together accounted for a further 21%.

Austria, with a CAGR of +72.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average fuse and detonator export price amounted to $X per ton, stabilizing at the previous year. In general, the export price, however, saw a slight contraction. The most prominent rate of growth was recorded in 2014 an increase of 22%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Spain ($X per ton) and Finland ($X per ton), while the average price for exports to Italy ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.

Fuse And Detonator Imports

Imports into Portugal

In 2021, overseas purchases of safety fuses, detonating fuses and electric detonators increased by 48% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a pronounced shrinkage. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, fuse and detonator imports surged to $X in 2021. In general, imports, however, continue to indicate a noticeable downturn. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X tons), Spain (X tons) and the Czech Republic (X tons) were the main suppliers of fuse and detonator imports to Portugal, together comprising 86% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +19.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fuse and detonator suppliers to Portugal were Sweden ($X), Spain ($X) and the Czech Republic ($X), with a combined 85% share of total imports.

Among the main suppliers, the Czech Republic, with a CAGR of +25.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average fuse and detonator import price amounted to $X per ton, shrinking by -6.5% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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