Explosives Market

Explosives market: find the most recent datasets powered by an Ai-driven market research tool. Facts and figures cover trade, exports, consumption, market size, imports, production, companies, and market prices. Here is a split by region, including China, the Middle East, EU, the U.S., Russia, Africa, Latin America, and the U.K. Market insights and forecast to 2030 are also provided in the reports.


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Explosives - World's Largest Markets

RatingCountry
1Norway
2United States
3China
4Pakistan
5Japan

In value terms, Norway led the market, alone. The second position in the ranking was occupied by the United States. It was followed by China.

From 2018 to 2020, the average annual growth rate of value in Norway totaled -2.4%. In the other countries, the average annual rates were as follows: the United States (+23.5% per year) and China (-1.2% per year).

Explosives Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Turkey11861301922-11.8%
Costa Rica13101250979-13.6%
Peru191616061244-19.4%
Russia692815167455.5%
Poland190116871817-2.2%
Mexico341539142026-23.0%
Spain210025912028-1.7%
South Africa227223542082-4.3%
Netherlands19911814265115.4%
Zambia418628912713-19.5%
India21292598272013.0%
China3128217236938.7%
United States74077220937512.5%
Average2779274028902.0%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the United States ($9,375 per ton), while Turkey ($922 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Russia (+55.5% per year), while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
United States7053743972791.6%
Mexico445444283887-6.6%
Canada21852779322921.6%
Norway23892065301712.4%
Germany1577137818578.5%
Kuwait1374138915727.0%
Sweden230412831508-19.1%
Zimbabwe1292137714134.6%
Ethiopia1145118112394.0%
Kazakhstan128413181059-9.2%
Panama972965955-0.9%
Finland704548698-0.4%
Burkina Faso5445586156.3%
Average2657265428243.1%

Prices varied noticeably by the country of destination; the country with the highest price was the United States ($7,279 per ton), while Burkina Faso ($615 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced more modest paces of growth.

Explosives - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
United States165170132-10.7%
Canada10110369-17.3%
Norway37314410.0%
Burkina Faso24363522.4%
Mexico443833-13.4%

In value terms, the United States ($132M), Canada ($69M) and Norway ($44M) constituted the countries with the highest levels of imports in 2020, with a combined 24% share of global imports. Burkina Faso, Mexico, Germany, Sweden, Finland, Kuwait, Zimbabwe, Kazakhstan, Ethiopia and Panama lagged somewhat behind, together comprising a further 17%.

Among the main importing countries, Kuwait recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Explosives - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
United States268259197-14.3%
Russia475742-5.6%
South Africa484539-10.6%
India353530-7.4%
Poland2623294.8%

In value terms, the United States ($197M) remains the largest explosives supplier worldwide, comprising 30% of global exports. The second position in the ranking was occupied by Russia ($42M), with a 6.4% share of global exports. It was followed by South Africa, with a 5.9% share.

From 2018 to 2020, the average annual growth rate of value in the United States stood at -14.3%. In the other countries, the average annual rates were as follows: Russia (-5.6% per year) and South Africa (-10.6% per year).

Explosives - Market Forecast

Driven by increasing demand for explosives worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Explosives - Top Companies

Anshan Dongfeng Chemical Co., Ltd., Hanwha Corporation, Wanzai County Tongyi Fireworks Manufacturing Co., Ltd., Hanwha Corporation, ORICA INVESTMENTS PTY LTD, INITIATING EXPLOSIVES SYSTEMS PTY. LTD., ORICA AUSTRALIA PTY LTD, ORICA LIMITED, DNX AUSTRALIA PTY LTD, Orica Canada Inc, Dyno Nobel Canada Inc, ORICA INTERNATIONAL PTE. LTD., Guizhou Jiulian Industrial Explosive Materials Development Co., Ltd., Liuyang Liushun Lead Manufacturing Co., Ltd., Guangdong Hongda Blasting Co., Ltd., SYNEGEX HOLDINGS PTY LTD, Davis Mining & Manufacturing, Inc., Austin Powder Holdings Company, Austin Powder Company, Liuyang Yanghua Township Taishan Lead Factory

Explosives - Product Coverage

  • HS 3602 - Prepared explosives, other than propellent powders
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World - Prepared Explosives - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global explosives market.

Latin America and the Caribbean - Prepared Explosives - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the explosives market in Latin America and the Caribbean.

Africa - Prepared Explosives - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the explosives market in Africa.

Northern America - Prepared Explosives - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the explosives market in Northern America.

Eastern Asia - Prepared Explosives - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the explosives market in Eastern Asia.

Australia and Oceania - Prepared Explosives - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the explosives market in Australia and Oceania.

South-Eastern Asia - Prepared Explosives - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the explosives market in South-Eastern Asia.

Central Asia - Prepared Explosives - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the explosives market in Central Asia.

Middle East - Prepared Explosives - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the explosives market in the Middle East.

Southern Asia - Prepared Explosives - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the explosives market in Southern Asia.

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