South-Eastern Asia: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in South-Eastern Asia

For the third consecutive year, the Southeast Asian fuse and detonator market recorded decline in sales value, which decreased by -3.8% to $X in 2021. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.0% against 2018 indices. 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 Production in South-Eastern Asia

In value terms, fuse and detonator production contracted slightly to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.9% 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 -16.2% against 2016 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 52%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Fuse And Detonator Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of safety fuses, detonating fuses and electric detonators increased by 180% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fuse and detonator exports skyrocketed to $X in 2021. In general, exports showed modest growth. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The Philippines (X tons) and Thailand (X tons) were the largest exporters of safety fuses, detonating fuses and electric detonators in 2021, reaching near 37% and 33% of total exports, respectively. It was distantly followed by Malaysia (X tons) and Vietnam (X tons), together creating a 25% share of total exports. Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Philippines (with a CAGR of +199.7%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) emerged as the largest fuse and detonator supplier in South-Eastern Asia, comprising 65% of total exports. The second position in the ranking was held by the Philippines ($X), with a 15% share of total exports. It was followed by Malaysia, with a 14% share.

In Thailand, fuse and detonator exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Philippines (+199.5% per year) and Malaysia (+11.6% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, rising by 45% against the previous year. Overall, the export price, however, recorded a noticeable decrease. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+16.3%), while the other leaders experienced mixed trends in the export price figures.

Fuse And Detonator Imports

Imports in South-Eastern Asia

In 2021, overseas purchases of safety fuses, detonating fuses and electric detonators decreased by -2.3% to X tons, falling for the third year in a row after three years of growth. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2016 when imports increased by 20% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, fuse and detonator imports rose to $X in 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 12%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Indonesia (X tons), distantly followed by the Philippines (X tons), Malaysia (X tons), Lao People's Democratic Republic (X tons) and Thailand (X tons) were the key importers of safety fuses, detonating fuses and electric detonators, together constituting 93% of total imports. Cambodia (X tons) and Myanmar (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +42.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported safety fuses, detonating fuses and electric detonators in South-Eastern Asia, comprising 46% of total imports. The second position in the ranking was held by Thailand ($X), with a 22% share of total imports. It was followed by Malaysia, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Indonesia totaled -3.4%. In the other countries, the average annual rates were as follows: Thailand (+11.4% per year) and Malaysia (+6.7% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, growing by 6.9% against the previous year. Import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +10.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fuse and detonator import price increased by +57.4% against 2016 indices. The growth pace was the most rapid in 2013 an increase of 55% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the near future.

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 Thailand ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+17.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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