Romania: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Romania

For the fourth consecutive year, the Romanian fuse and detonator market recorded growth in sales value, which increased by 2.3% to $X in 2021. In general, consumption, however, saw a prominent increase. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Fuse And Detonator Production in Romania

In value terms, fuse and detonator production fell markedly to $X in 2021 estimated in export price. In general, production, however, showed a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 53%. Fuse and detonator production peaked at $X in 2020, and then dropped rapidly in the following year.

Fuse And Detonator Exports

Exports from Romania

In 2021, after four years of growth, there was significant decline in overseas shipments of safety fuses, detonating fuses and electric detonators, when their volume decreased by -14.6% to X tons. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 3,848%. The exports peaked at X tons in 2020, and then contracted in the following year.

In value terms, fuse and detonator exports expanded rapidly to $X in 2021. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 3,982% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Turkey (X tons) was the main destination for fuse and detonator exports from Romania, accounting for a 91% share of total exports. Moreover, fuse and detonator exports to Turkey exceeded the volume sent to the second major destination, Moldova (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Turkey amounted to +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+205.1% per year) and Hungary (+125.8% per year).

In value terms, Turkey ($X) remains the key foreign market for safety fuses, detonating fuses and electric detonators exports from Romania, comprising 98% of total exports. The second position in the ranking was taken by Moldova ($X), with a 1.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Turkey stood at +40.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+190.0% per year) and Hungary (+41.9% per year).

Export Prices by Country

The average fuse and detonator export price stood at $X per ton in 2021, jumping by 25% against the previous year. Overall, the export price saw a strong increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 176% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Moldova ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+56.4%), while the prices for the other major destinations experienced more modest paces of growth.

Fuse And Detonator Imports

Imports into Romania

Fuse and detonator imports into Romania totaled X tons in 2021, growing by 11% compared with 2020. Overall, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +4.8% 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 increased by +38.9% against 2018 indices. The pace of growth was the most pronounced in 2014 when imports increased by 27%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, fuse and detonator imports rose significantly to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 12% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of fuse and detonator to Romania, with a 35% share of total imports. Moreover, fuse and detonator imports from France exceeded the figures recorded by the second-largest supplier, Croatia (X tons), threefold. The third position in this ranking was held by Japan (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled +40.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (+20.1% per year) and Japan (+25.1% per year).

In value terms, France ($X) constituted the largest supplier of safety fuses, detonating fuses and electric detonators to Romania, comprising 64% of total imports. The second position in the ranking was held by the Czech Republic ($X), with an 8.2% share of total imports. It was followed by Japan, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from France totaled +38.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+3.0% per year) and Japan (+2.8% per year).

Import Prices by Country

The average fuse and detonator import price stood at $X per ton in 2021, shrinking by -2.8% against the previous year. Over the period under review, the import price recorded a noticeable descent. The growth pace was the most rapid in 2013 when the average import price increased by 24% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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