South Africa: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in South Africa

In 2021, after nine years of growth, there was decline in the South African fuse and detonator market, when its value decreased by -0.8% to $X. In general, consumption, however, saw a buoyant increase. Fuse and detonator consumption peaked at $X in 2020, and then contracted modestly in the following year.

Fuse And Detonator Production in South Africa

In value terms, fuse and detonator production stood at $X in 2021 estimated in export price. Overall, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.2% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 23%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Fuse And Detonator Exports

Exports from South Africa

In 2021, overseas shipments of safety fuses, detonating fuses and electric detonators were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 28%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, fuse and detonator exports soared to $X in 2021. In general, exports, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2017 when exports increased by 51%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Zimbabwe (X tons), Zambia (X tons) and Namibia (X tons) were the main destinations of fuse and detonator exports from South Africa, together accounting for 63% of total exports. These countries were followed by Australia, Ghana, Botswana, Lesotho, Tanzania, Mali, Mozambique and Indonesia, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +26.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fuse and detonator exported from South Africa were Zimbabwe ($X), Zambia ($X) and Ghana ($X), together accounting for 59% of total exports. Australia, Botswana, Namibia, Tanzania, Mali, Lesotho, Mozambique and Indonesia lagged somewhat behind, together accounting for a further 28%.

In terms of the main countries of destination, Australia, with a CAGR of +31.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fuse and detonator export price stood at $X per ton in 2021, with an increase of 3.3% against the previous year. Over the period under review, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 66%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average 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 Mali ($X per ton), while the average price for exports to Namibia ($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 Mali (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Fuse And Detonator Imports

Imports into South Africa

In 2021, after three years of decline, there was significant growth in purchases abroad of safety fuses, detonating fuses and electric detonators, when their volume increased by 43% to X tons. Overall, imports, however, saw a noticeable slump. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, fuse and detonator imports surged to $X in 2021. In general, imports, however, showed a perceptible decline. The pace of growth was the most pronounced in 2017 with an increase of 36%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), India (X tons) and France (X tons) were the main suppliers of fuse and detonator imports to South Africa, together comprising 90% of total imports. These countries were followed by Zambia, Spain and China, which together accounted for a further 6.8%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +47.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and France ($X) constituted the largest fuse and detonator suppliers to South Africa, with a combined 65% share of total imports. These countries were followed by Spain, Zambia and China, which together accounted for a further 11%.

Spain, with a CAGR of +46.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average fuse and detonator import price amounted to $X per ton, declining by -8.3% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2019 when the average import price increased by 25% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average 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 France ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Zambia (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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