World - Prepared Explosives - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Mar 1, 2024

World - Prepared Explosives - Market Analysis, Forecast, Size, Trends and Insights

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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.

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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

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global explosives market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20511150 - Prepared explosives (excluding propellant powders)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam
  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023
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