Spain: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Spain

The Spanish fuse and detonator market stood at $X in 2021, remaining stable against the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.5% 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 -1.1% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Fuse And Detonator Production in Spain

In value terms, fuse and detonator production stood at $X in 2021 estimated in export price. In general, production saw a abrupt decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by 12% against the previous year. Fuse and detonator production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Fuse And Detonator Exports

Exports from Spain

In 2021, fuse and detonator exports from Spain fell slightly to X tons, approximately equating 2020 figures. Overall, total exports indicated a remarkable increase from 2013 to 2021: its volume increased at an average annual rate of +6.1% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +3.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 25% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, fuse and detonator exports stood at $X in 2021. The total export value increased at an average annual rate of +4.3% over the period from 2013 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 16% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), Ghana (X tons) and Finland (X tons) were the main destinations of fuse and detonator exports from Spain, with a combined 36% share of total exports.

From 2013 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +315.9%), while the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Germany ($X) and Italy ($X) appeared to be the largest markets for fuse and detonator exported from Spain worldwide, together comprising 30% of total exports. These countries were followed by Egypt, Croatia, Finland, Burkina Faso, Portugal, Eritrea, Mali, Sweden, France and the UK, which together accounted for a further 36%.

Among the main countries of destination, Finland, with a CAGR of +169.0%, saw the highest growth rate of 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, surging by 14% against the previous year. In general, the export price, however, saw a mild contraction. The growth pace was the most rapid in 2018 an increase of 14% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fuse And Detonator Imports

Imports into Spain

Fuse and detonator imports into Spain soared to X tons in 2021, picking up by 15% on 2020 figures. Over the period under review, imports saw a measured expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 95%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, fuse and detonator imports soared to $X in 2021. In general, imports showed modest growth. The pace of growth was the most pronounced in 2014 with an increase of 65% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Sweden (X tons), Germany (X tons) and France (X tons) were the main suppliers of fuse and detonator imports to Spain, together comprising 56% of total imports. These countries were followed by Canada, Italy, Brazil, Poland and Portugal, which together accounted for a further 37%.

From 2013 to 2021, the biggest increases were recorded for Canada (with a CAGR of +360.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fuse and detonator suppliers to Spain were Sweden ($X), Poland ($X) and Canada ($X), with a combined 56% share of total imports.

Among the main suppliers, Canada, with a CAGR of +360.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fuse and detonator import price stood at $X per ton in 2021, jumping by 16% against the previous year. Over the period under review, the import price, however, continues to indicate a mild downturn. The growth pace was the most rapid in 2019 an increase of 48%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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