Which Country Imports the Most Prepared Explosives in the World?

IndexBox has just published a new report "World: Prepared Explosives - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the global imports of explosives stood at 932K tonnes, moving up by 121% against the previous year figure. Overall, explosives imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2013, when it surged by 307% against the previous year level. In that year, global explosives imports attained its maximum volume of 2.2M tonnes. From 2014 to 2016, growth of global explosives imports failed to regain its strength.

In value terms, explosives imports totaled $722M in 2016. The total import value increased at an average annual rate of +1.3% over the period from 2007 to 2016- however, the trend pattern indicated some noticeable fluctuations over the period under review. Global explosives import peaked of $1B in 2013- however, from 2014 to 2016, it stood at a somewhat lower level.

Top Explosives Importing Countries in the World

1. Canada (70,266,480.0 USD)

2. Guinea (nan USD)

3. China (nan USD)

4. South Africa (4,415,801.0 USD)

5. Russia (1,239,625.0 USD)

Explosives Imports By Country

Guinea (533K tonnes) prevails in explosives imports structure, recording 533K tonnes, which was approx. 57% of total imports in 2016. It was distantly followed by Canada (47K tonnes), achieving 5% share of total explosives imports. South Africa (36K tonnes), Russia (29K tonnes), and China (18K tonnes) took the slight share of total imports.

Guinea was also the fastest growing in terms of the explosives imports, with a CAGR of +119.5% from 2007 to 2016. At the same time, Canada (+5.9%), and South Africa (+1.1%) displayed positive paces of growth. China, and Russia experienced a relatively flat trend pattern. Canada (-2.0%), and Guinea (-57.2%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest explosives markets worldwide were Guinea (UNKNOWN), Canada ($70M) and South Africa ($4.4M), with a combined -% share of global imports.

Guinea (nan% per year) had the highest rates of growth with regard to the explosives imports, among the main importing countries, over the last 9 year period, while the other global leaders experienced mixed trends in the imports figures.

Explosives Import Prices By Country

The average explosives import price stood at $775 per tonne in 2016, reducing by -58.4% against the previous year. Overall, explosives import price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2014, when it surged by 336% y-o-y. Global explosives import peaked of $1,979 per tonne in 2010- however, from 2011 to 2016, it failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was Canada ($1,502 per tonne), while China ($0 per kg) was among the lowest.

From 2007 to 2016, the most notable growth rate of explosives import prices was attained by South Africa (+7.1% per year), while the other global leaders experienced mixed trends in the import price figures.

Do you want to know more about global explosives market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• explosives market share
• explosives prices
• explosives industry
• explosives sales
• explosives import
• explosives export
• explosives market forecast
• explosives price forecast
• key explosives producers

All data provided in this article covers the following product: HS Code 3602 - Prepared explosives, other than propellent powders.

Source: World: Prepared Explosives - Market Report. Analysis and Forecast to 2025