South-Eastern Asia: Explosives Market 2024

Explosives Market Size in South-Eastern Asia

In 2021, the Southeast Asian explosives market decreased by -9.6% to $X for the first time since 2016, thus ending a four-year rising trend. The total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% 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 increased by +48.3% against 2016 indices. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Explosives Production in South-Eastern Asia

In value terms, explosives production shrank rapidly to $X in 2021 estimated in export price. The total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +51.6% against 2017 indices. The pace of growth was the most pronounced in 2020 with an increase of 46% against the previous year. As a result, production attained the peak level of $X, and then declined remarkably in the following year.

Explosives Exports

Exports in South-Eastern Asia

Explosives exports soared to X tons in 2021, growing by 18% on the year before. Over the period under review, exports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2013 when exports increased by 40% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, explosives exports surged to $X in 2021. In general, exports, however, continue to indicate a pronounced shrinkage. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) and the Philippines (X tons) dominates exports structure, together creating 89% of total exports. It was distantly followed by Malaysia (X tons), making up a 6.2% share of total exports. Indonesia (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +36.9%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the Philippines ($X) remains the largest explosives supplier in South-Eastern Asia, comprising 77% of total exports. The second position in the ranking was held by Vietnam ($X), with a 12% share of total exports. It was followed by Malaysia, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value in the Philippines was relatively modest. In the other countries, the average annual rates were as follows: Vietnam (+17.9% per year) and Malaysia (-15.0% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, surging by 104% against the previous year. Export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 the Philippines ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+16.4%), while the other leaders experienced mixed trends in the export price figures.

Explosives Imports

Imports in South-Eastern Asia

In 2021, the amount of prepared explosives imported in South-Eastern Asia surged to X tons, with an increase of 68% on 2020. Total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, explosives imports surged to $X in 2021. In general, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Lao People's Democratic Republic (X tons) was the largest importer of prepared explosives, comprising 40% of total imports. The Philippines (X tons) ranks second in terms of the total imports with a 23% share, followed by Indonesia (20%) and Thailand (13%). Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +44.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), the Philippines ($X) and Lao People's Democratic Republic ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 77% of total imports.

In terms of the main importing countries, Lao People's Democratic Republic, with a CAGR of +31.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, which is down by -30.6% against the previous year. In general, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 when the import price increased by 33% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+7.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :