Report Update Nov 1, 2024

Sri Lanka - Safety Fuses, Detonating Fuses and Electric Detonators - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Sri Lanka

The Sri Lankan fuse and detonator market dropped rapidly to $X in 2021, declining by -59.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a deep slump. Fuse and detonator consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Fuse And Detonator Exports

Exports from Sri Lanka

In 2021, overseas shipments of safety fuses, detonating fuses and electric detonators decreased by -8.8% to X tons for the first time since 2011, thus ending a nine-year rising trend. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 144%. The exports peaked at X tons in 2020, and then shrank in the following year.

In value terms, fuse and detonator exports skyrocketed to $X in 2021. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 106%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Maldives (X tons) was the main destination for fuse and detonator exports from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Maldives amounted to +71.9%.

In value terms, Maldives ($X) also remains the key foreign market for safety fuses, detonating fuses and electric detonators exports from Sri Lanka.

From 2012 to 2021, the average annual growth rate of value to Maldives stood at +79.6%.

Export Prices by Country

In 2021, the average fuse and detonator export price amounted to $X per ton, picking up by 32% against the previous year. In general, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average export price increased by 44% 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.

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

From 2012 to 2021, the rate of growth in terms of prices for Maldives amounted to +4.5% per year.

Fuse And Detonator Imports

Imports into Sri Lanka

In 2021, the amount of safety fuses, detonating fuses and electric detonators imported into Sri Lanka shrank remarkably to X tons, declining by -62.8% on the year before. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 194%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, fuse and detonator imports dropped remarkably to $X in 2021. In general, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of 181%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) was the main supplier of fuse and detonator to Sri Lanka, with a 97% share of total imports. It was followed by the United Arab Emirates (X kg), with a 1.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from India stood at -15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+67.2% per year) and China (-39.7% per year).

In value terms, India ($X) constituted the largest supplier of safety fuses, detonating fuses and electric detonators to Sri Lanka, comprising 87% of total imports. The second position in the ranking was held by China ($X), with a 3.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled -18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-34.4% per year) and the United Arab Emirates (+81.3% per year).

Import Prices by Country

In 2021, the average fuse and detonator import price amounted to $X per ton, picking up by 26% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2020 an increase of 33% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for India ($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 United Arab Emirates (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for safety fuses, detonating fuses and electric detonators in the world?

China constituted the country with the largest volume of fuse and detonator consumption, accounting for 23% of total volume. Moreover, fuse and detonator consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 6.9% share.

What are the largest producers of safety fuses, detonating fuses and electric detonators in the world?

China constituted the country with the largest volume of fuse and detonator production, comprising approx. 24% of total volume. Moreover, fuse and detonator production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 7% share.

What are the leading suppliers of safety fuses, detonating fuses and electric detonators to Sri Lanka?

In value terms, India constituted the largest supplier of fuse and detonator to Sri Lanka.

What are the leading importers of safety fuses, detonating fuses and electric detonators from Sri Lanka?

In value terms, the largest markets for fuse and detonator exported from Sri Lanka were Maldives $130) and Rwanda $96).

What is the average export price for safety fuses, detonating fuses and electric detonators in Sri Lanka?

The average fuse and detonator export price stood at $25,111 per ton in 2011, shrinking by -26.2% against the previous year.

What is the average import price for safety fuses, detonating fuses and electric detonators in Sri Lanka?

The average fuse and detonator import price stood at $6,600 per ton in 2020, shrinking by -10.8% against the previous year.

This report provides an in-depth analysis of the fuse and detonator market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20511250 - Safety fuses, detonating fuses
Prodcom 20511270 - Percussion or detonating caps, igniters and electric detonators

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023