U.S.: Explosive Market 2024

Explosive Market Size in the U.S.

In 2022, after two years of growth, there was significant decline in the U.S. explosive market, when its value decreased by X% to $X. Overall, consumption, however, posted a prominent increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Explosive Production in the U.S.

In value terms, explosive production dropped slightly to $X in 2022. The total output value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Explosive production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Explosive Exports

Exports from the U.S.

In 2022, overseas shipments of explosives decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, explosive exports dropped dramatically to $X in 2022. In general, exports saw a deep reduction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for explosive exports from the United States, accounting for a X% share of total exports. Moreover, explosive exports to Canada exceeded the volume sent to the second major destination, South Korea (X tons), ninefold. Mexico (X tons) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual growth rate of volume to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Mexico (X% per year).

In value terms, Canada ($X) remains the key foreign market for explosives exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2013 to 2022, the average annual growth rate of value to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the average explosive export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced mixed trend patterns.

Explosive Imports

Imports into the U.S.

In 2022, after six years of growth, there was significant decline in purchases abroad of explosives, when their volume decreased by X% to X tons. Over the period under review, imports, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then declined sharply in the following year.

In value terms, explosive imports reduced markedly to $X in 2022. In general, imports saw a mild decline. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

Poland (X tons), Canada (X tons) and Mexico (X tons) were the main suppliers of explosive imports to the United States, with a combined X% share of total imports. Germany, Sweden, Brazil, France and the Czech Republic lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of explosives to the United States, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2013 to 2022, the average annual growth rate of value from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average explosive import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, showed a pronounced slump. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform