Global Explosives Market 2024

Explosives Market Size

The global explosives market rose rapidly to $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. Over the period under review, the global market reached the maximum level in 2022 and is expected to retain growth in years to come.

Explosives Production

In value terms, explosives production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, global production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Explosives Exports

Exports

Global explosives exports skyrocketed to X tons in 2022, increasing by X% compared with the year before. In general, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, explosives exports surged to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Russia (X tons) represented the main exporter of prepared explosives, making up X% of total exports. The United States (X tons) held the second position in the ranking, followed by South Africa (X tons). All these countries together held near X% share of total exports. The following exporters - India (X tons), Peru (X tons), Mexico (X tons), Poland (X tons), Spain (X tons), Turkey (X tons), France (X tons), Burkina Faso (X tons), Costa Rica (X tons) and Zambia (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to explosives exports from Russia stood at X%. At the same time, Burkina Faso (X%), Peru (X%), Turkey (X%), India (X%), Spain (X%) and Costa Rica (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. South Africa and Zambia experienced a relatively flat trend pattern. By contrast, Poland (X%), the United States (X%), Mexico (X%) and France (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Spain, France, Burkina Faso and Peru increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest explosives supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Russia ($X), with a X% share of global exports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled X%. In the other countries, the average annual rates were as follows: Russia (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2022, the average explosives export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other global leaders experienced more modest paces of growth.

Explosives Imports

Imports

In 2022, approx. X tons of prepared explosives were imported worldwide; rising by X% compared with the previous year's figure. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, explosives imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Peru (X tons) and Guyana (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Burkina Faso (X tons), Canada (X tons), Mexico (X tons) and Democratic Republic of the Congo (X tons), together mixing up a X% share of total imports. Germany (X tons), Zimbabwe (X tons), Kazakhstan (X tons), Finland (X tons), the United States (X tons) and Norway (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Guyana (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Peru ($X), the United States ($X) and Canada ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of global imports. Burkina Faso, Democratic Republic of the Congo, Mexico, Norway, Germany, Zimbabwe, Finland, Kazakhstan and Guyana lagged somewhat behind, together comprising a further X%.

Guyana, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average explosives import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price saw a noticeable decline. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Guyana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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