Southern Asia: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Southern Asia

In 2021, the South Asian fuse and detonator market decreased by -9.5% to $X for the first time since 2011, thus ending a nine-year rising trend. Overall, consumption, however, enjoyed a strong increase. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Fuse And Detonator Production in Southern Asia

In value terms, fuse and detonator production reduced modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 16% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then shrank in the following year.

Fuse And Detonator Exports

Exports in Southern Asia

In 2021, shipments abroad of safety fuses, detonating fuses and electric detonators increased by 30% to X tons, rising for the second year in a row after two years of decline. Total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +78.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 38% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, fuse and detonator exports soared to $X in 2021. Over the period under review, exports recorded buoyant growth. The growth pace was the most rapid in 2017 when exports increased by 45% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

India (X tons) represented roughly 100% of total exports in 2021.

India was also the fastest-growing in terms of the safety fuses, detonating fuses and electric detonators exports, with a CAGR of +4.1% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest fuse and detonator supplier in Southern Asia.

In India, fuse and detonator exports increased at an average annual rate of +11.0% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, with an increase of 7.3% against the previous year. Export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.5% 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 export price decreased by -12.6% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 27%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +6.6% per year.

Fuse And Detonator Imports

Imports in Southern Asia

In 2021, purchases abroad of safety fuses, detonating fuses and electric detonators decreased by -12.2% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a pronounced decrease. The growth pace was the most rapid in 2019 when imports increased by 50% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, fuse and detonator imports declined slightly to $X in 2021. In general, imports continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 with an increase of 34% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Afghanistan (X tons) and Nepal (X tons) were the key importers of safety fuses, detonating fuses and electric detonators in 2021, amounting to approx. 29% and 28% of total imports, respectively. It was distantly followed by Pakistan (X tons), India (X tons), Bhutan (X tons) and Bangladesh (X tons), together committing a 39% share of total imports. Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Afghanistan (with a CAGR of +44.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported safety fuses, detonating fuses and electric detonators in Southern Asia, comprising 41% of total imports. The second position in the ranking was held by Nepal ($X), with a 19% share of total imports. It was followed by Pakistan, with a 15% share.

From 2012 to 2021, the average annual growth rate of value in India stood at -8.4%. The remaining importing countries recorded the following average annual rates of imports growth: Nepal (+19.0% per year) and Pakistan (-6.4% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, growing by 9.6% against the previous year. In general, the import price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when the import price increased by 28% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, 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 India ($X per ton), while Bhutan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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