Sweden: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Sweden

The Swedish fuse and detonator market soared to $X in 2021, picking up by 53% against the previous year. Overall, consumption continues to indicate a resilient expansion. Fuse and detonator consumption peaked in 2021 and is expected to retain growth in the immediate term.

Fuse And Detonator Production in Sweden

In value terms, fuse and detonator production skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight downturn. Fuse and detonator production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Fuse And Detonator Exports

Exports from Sweden

For the third year in a row, Sweden recorded decline in overseas shipments of safety fuses, detonating fuses and electric detonators, which decreased by -17.1% to X tons in 2019. In general, exports showed a perceptible decrease. The growth pace was the most rapid in 2016 when exports increased by 26% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2019, the growth of the exports failed to regain momentum.

In value terms, fuse and detonator exports shrank dramatically to $X in 2019. Over the period under review, exports showed a pronounced decline. The growth pace was the most rapid in 2018 with an increase of 36% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons), Kazakhstan (X tons) and Russia (X tons) were the main destinations of fuse and detonator exports from Sweden, together comprising 49% of total exports. These countries were followed by South Korea, Canada, China, Portugal, Finland, Zambia, Germany, Spain, Switzerland and Turkey, which together accounted for a further 43%.

From 2012 to 2019, the biggest increases were recorded for China (with a CAGR of +659.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) emerged as the key foreign market for safety fuses, detonating fuses and electric detonators exports from Sweden, comprising 25% of total exports. The second position in the ranking was taken by Canada ($X), with an 11% share of total exports. It was followed by South Korea, with an 11% share.

From 2012 to 2019, the average annual rate of growth in terms of value to Norway amounted to -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-1.7% per year) and South Korea (-1.8% per year).

Export Prices by Country

The average fuse and detonator export price stood at $X per ton in 2019, waning by -8.7% against the previous year. Overall, the export price recorded a pronounced descent. The most prominent rate of growth was recorded in 2018 an increase of 44% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2019, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2019, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+31.2%), while the prices for the other major destinations experienced more modest paces of growth.

Fuse And Detonator Imports

Imports into Sweden

In 2019, after two years of growth, there was significant decline in supplies from abroad of safety fuses, detonating fuses and electric detonators, when their volume decreased by -35.8% to X tons. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 19%. Over the period under review, imports reached the maximum at X tons in 2018, and then fell notably in the following year.

In value terms, fuse and detonator imports declined to $X in 2019. The total import value increased at an average annual rate of +5.1% from 2012 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 20% against the previous year. Over the period under review, imports hit record highs at $X in 2018, and then dropped in the following year.

Imports by Country

In 2019, the Czech Republic (X tons) constituted the largest supplier of fuse and detonator to Sweden, with a 53% share of total imports. Moreover, fuse and detonator imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Canada (X tons), fourfold. France (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2019, the average annual rate of growth in terms of volume from the Czech Republic stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-11.4% per year) and France (+6.8% per year).

In value terms, the largest fuse and detonator suppliers to Sweden were the Czech Republic ($X), France ($X) and Canada ($X), with a combined 71% share of total imports.

France, with a CAGR of +24.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 2019, picking up by 44% against the previous year. Over the last seven-year period, it increased at an average annual rate of +4.2%. As a result, import 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 supplying countries. In 2019, amid the top importers, the country with the highest price was France ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by France (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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