Report Update Nov 1, 2024

Thailand - Prepared Explosives - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Explosives Market 2024

Explosives Market Size in Thailand

In 2021, the Thai explosives market decreased by -3.2% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Explosives consumption peaked at $X in 2020, and then reduced slightly in the following year.

Explosives Production in Thailand

In value terms, explosives production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by 27%. Explosives production peaked at $X in 2020, and then dropped slightly in the following year.

Explosives Exports

Exports from Thailand

Explosives exports from Thailand soared to X tons in 2019, rising by 38% against 2018. In general, exports saw resilient growth. The pace of growth was the most pronounced in 2018 when exports increased by 102% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2019, the exports stood at a somewhat lower figure.

In value terms, explosives exports declined notably to $X in 2019. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2017 when exports increased by 66% against the previous year. The exports peaked at $X in 2018, and then shrank significantly in the following year.

Exports by Country

The United States (X tons) was the main destination for explosives exports from Thailand, accounting for a 87% share of total exports. Moreover, explosives exports to the United States exceeded the volume sent to the second major destination, Myanmar (X tons), eightfold.

From 2012 to 2019, the average annual rate of growth in terms of volume to the United States stood at +250.2%.

In value terms, the United States ($X) remains the key foreign market for prepared explosives exports from Thailand, comprising 99% of total exports. The second position in the ranking was held by Myanmar ($X), with a 0.9% share of total exports.

From 2012 to 2019, the average annual growth rate of value to the United States stood at +144.5%.

Export Prices by Country

The average explosives export price stood at $X per ton in 2019, with a decrease of -44.4% against the previous year. In general, the export price, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 378% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2019, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Myanmar amounted to $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-17.9%), while the prices for the other major destinations experienced a decline.

Explosives Imports

Imports into Thailand

In 2021, the amount of prepared explosives imported into Thailand surged to X tons, growing by 23% on the previous year. Over the period under review, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.5% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 40% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, explosives imports contracted sharply to $X in 2021. In general, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2015 when imports increased by 52%. 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 explosives supplier to Thailand, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +139.4%.

In value terms, India ($X) constituted the largest supplier of prepared explosives to Thailand.

From 2012 to 2021, the average annual growth rate of value from India totaled +70.2%.

Import Prices by Country

The average explosives import price stood at $X per ton in 2021, shrinking by -38.8% against the previous year. In general, the import price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 an increase of 48% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +14.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for prepared explosives in the world?

The countries with the highest volumes of explosives consumption in 2020 were China, Norway and the United States, together comprising 41% of global consumption.

What are the largest producers of prepared explosives in the world?

The countries with the highest volumes of explosives production in 2020 were China, Norway and the United States, together accounting for 42% of global production.

What are the leading suppliers of prepared explosives to Thailand?

In value terms, the United States constituted the largest supplier of explosives to Thailand, comprising 61% of total imports. The second position in the ranking was occupied by China, with a 17% share of total imports. It was followed by India, with a 12% share.

What is the average import price for prepared explosives in Thailand?

In 2020, the average explosives import price amounted to $7,673 per ton, growing by 77% against the previous year.

This report provides an in-depth analysis of the explosives market in Thailand. 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 20511150 - Prepared explosives (excluding propellant powders)

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
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