Thailand: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Thailand

In 2021, the Thai fuse and detonator market decreased by -11.9% to $X for the first time since 2017, thus ending a three-year rising trend. In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then dropped in the following year.

Fuse And Detonator Production in Thailand

In value terms, fuse and detonator production reduced to $X in 2021 estimated in export price. In general, the total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +47.6% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27% against the previous year. Fuse and detonator production peaked at $X in 2020, and then declined in the following year.

Fuse And Detonator Exports

Exports from Thailand

In 2021, fuse and detonator exports from Thailand soared to X tons, rising by 498% against 2020. Overall, exports, however, saw a mild reduction. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, fuse and detonator exports skyrocketed to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons), China (X tons) and the United States (X tons) were the main destinations of fuse and detonator exports from Thailand, with a combined 86% share of total exports. These countries were followed by Germany, Brazil, Romania, South Korea and Poland, which together accounted for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +54.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fuse and detonator exported from Thailand were Japan ($X), China ($X) and the United States ($X), together accounting for 89% of total exports. These countries were followed by Germany, Brazil, Romania, South Korea and Poland, which together accounted for a further 9.2%.

Romania, with a CAGR of +61.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average fuse and detonator export price amounted to $X per ton, picking up by 86% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Fuse And Detonator Imports

Imports into Thailand

In 2021, approx. X tons of safety fuses, detonating fuses and electric detonators were imported into Thailand; picking up by 16% on the previous year. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 133%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, fuse and detonator imports soared to $X in 2021. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by 87% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

India (X tons), the United States (X tons) and France (X tons) were the main suppliers of fuse and detonator imports to Thailand, with a combined 68% share of total imports. These countries were followed by the Philippines, Malaysia, Japan, Switzerland, China, Pakistan and South Korea, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +81,900.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fuse and detonator suppliers to Thailand were the United States ($X), France ($X) and Japan ($X), with a combined 69% share of total imports. Malaysia, India, China, Switzerland, the Philippines, Pakistan and South Korea lagged somewhat behind, together comprising a further 29%.

Among the main suppliers, Switzerland, with a CAGR of +51,827.0%, 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

In 2021, the average fuse and detonator import price amounted to $X per ton, surging by 3.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 54%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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