United Arab Emirates: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in the United Arab Emirates

In 2021, after two years of decline, there was significant growth in the fuse and detonator market in the United Arab Emirates, when its value increased by 57% to $X. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fuse And Detonator Production in the United Arab Emirates

In value terms, fuse and detonator production surged to $X in 2021 estimated in export price. Over the period under review, production enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2013 with an increase of 125% against the previous year. Fuse and detonator production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Fuse And Detonator Exports

Exports from the United Arab Emirates

Fuse and detonator exports from the United Arab Emirates declined significantly to X tons in 2021, waning by -34.1% on 2020. Over the period under review, exports faced a precipitous curtailment. The pace of growth was the most pronounced in 2019 with an increase of 842%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, fuse and detonator exports dropped remarkably to $X in 2021. In general, exports saw a abrupt descent. The pace of growth was the most pronounced in 2019 when exports increased by 445%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons) was the main destination for fuse and detonator exports from the United Arab Emirates, accounting for a 67% share of total exports. Moreover, fuse and detonator exports to Oman exceeded the volume sent to the second major destination, Saudi Arabia (X kg), ninefold. The third position in this ranking was held by Sudan (X kg), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman amounted to -19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+11.2% per year) and Sudan (-26.9% per year).

In value terms, Oman ($X) remains the key foreign market for safety fuses, detonating fuses and electric detonators exports from the United Arab Emirates, comprising 66% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 14% share of total exports. It was followed by Tanzania, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value to Oman amounted to -8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+4.7% per year) and Tanzania (-20.9% per year).

Export Prices by Country

The average fuse and detonator export price stood at $X per ton in 2021, picking up by 13% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 an increase of 252%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Sudan ($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 Tanzania (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Fuse And Detonator Imports

Imports into the United Arab Emirates

In 2021, the amount of safety fuses, detonating fuses and electric detonators imported into the United Arab Emirates surged to X tons, picking up by 61% compared with 2020 figures. Overall, imports saw a temperate expansion. The growth pace was the most rapid in 2017 with an increase of 512%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, fuse and detonator imports skyrocketed to $X in 2021. In general, imports recorded modest growth. The most prominent rate of growth was recorded in 2017 with an increase of 501%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest fuse and detonator supplier to the United Arab Emirates, with a 76% share of total imports. Moreover, fuse and detonator imports from India exceeded the figures recorded by the second-largest supplier, Oman (X tons), more than tenfold. The Czech Republic (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+5.3% per year) and the Czech Republic (+23.3% per year).

In value terms, South Africa ($X) constituted the largest supplier of safety fuses, detonating fuses and electric detonators to the United Arab Emirates, comprising 19% of total imports. The second position in the ranking was held by India ($X), with a 6% share of total imports. It was followed by the Czech Republic, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Africa amounted to -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-2.0% per year) and the Czech Republic (+15.1% per year).

Import Prices by Country

In 2021, the average fuse and detonator import price amounted to $X per ton, rising by 11% against the previous year. In general, the import price, however, continues to indicate a mild setback. The growth pace was the most rapid in 2013 when the average import price increased by 42% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+18.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :