Slovakia: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Slovakia

The Slovak fuse and detonator market contracted to $X in 2021, shrinking by -11.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed prominent growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Fuse And Detonator Exports

Exports from Slovakia

In 2021, shipments abroad of safety fuses, detonating fuses and electric detonators increased by 31% to X tons, rising for the third year in a row after three years of decline. Overall, exports, however, faced a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 1,065%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, fuse and detonator exports dropped to $X in 2021. Over the period under review, exports posted strong growth. The growth pace was the most rapid in 2020 when exports increased by 921% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Serbia (X tons) was the main destination for fuse and detonator exports from Slovakia, with a 97% share of total exports. It was followed by Hungary (X kg), with a 0.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Serbia totaled +469.2%.

In value terms, Serbia ($X) remains the key foreign market for safety fuses, detonating fuses and electric detonators exports from Slovakia, comprising 91% of total exports. The second position in the ranking was taken by Hungary ($X), with a 0.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Serbia totaled +298.9%.

Export Prices by Country

In 2021, the average fuse and detonator export price amounted to $X per ton, waning by -34.1% against the previous year. Over the period under review, the export price, however, enjoyed significant growth. The growth pace was the most rapid in 2013 when the average export price increased by 181%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Serbia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+16.7%).

Fuse And Detonator Imports

Imports into Slovakia

For the third year in a row, Slovakia recorded decline in supplies from abroad of safety fuses, detonating fuses and electric detonators, which decreased by -15.2% to X tons in 2021. In general, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +3.4% 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 -31.3% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 104% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, fuse and detonator imports soared to $X in 2021. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 57%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest supplier of fuse and detonator to Slovakia, with a 60% share of total imports. Moreover, fuse and detonator imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was held by Bosnia and Herzegovina (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+11.7% per year) and Bosnia and Herzegovina (+41.1% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of safety fuses, detonating fuses and electric detonators to Slovakia, comprising 63% of total imports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 15% share of total imports. It was followed by Poland, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Bosnia and Herzegovina (+79.6% per year) and Poland (+12.3% per year).

Import Prices by Country

The average fuse and detonator import price stood at $X per ton in 2021, rising by 37% against the previous year. In general, the import price, however, continues to indicate a abrupt curtailment. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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