Africa: Explosives Market 2024

Explosives Market Size in Africa

In 2022, after three years of growth, there was significant decline in the African explosives market, when its value decreased by X% to $X. In general, consumption showed a pronounced increase. The level of consumption peaked at $X in 2021, and then dropped markedly in the following year.

Explosives Production in Africa

In value terms, explosives production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Explosives Exports

Exports in Africa

In 2022, approx. X tons of prepared explosives were exported in Africa; picking up by X% compared with the year before. Total exports indicated measured 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 2016 indices. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, explosives exports soared to $X in 2022. The total export value increased at an average annual rate of X% over the period 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

South Africa was the key exporting country with an export of about X tons, which accounted for X% of total exports. Burkina Faso (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Zambia (X%). Uganda (X tons) took a little share of total exports.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of prepared explosives. At the same time, Burkina Faso (X%) and Uganda (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Zambia experienced a relatively flat trend pattern. Burkina Faso (X p.p.) significantly strengthened its position in terms of the total exports, while Zambia and South Africa saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest explosives supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Zambia ($X), with a X% share of total exports. It was followed by Burkina Faso, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Zambia (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2016; however, from 2017 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 Zambia ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced mixed trends in the export price figures.

Explosives Imports

Imports in Africa

Explosives imports surged to X tons in 2022, increasing by X% on the previous year's figure. Over the period under review, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, explosives imports skyrocketed to $X in 2022. Total imports indicated a strong increase 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, imports increased by X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Burkina Faso (X tons) and Democratic Republic of the Congo (X tons) were the main importers of prepared explosives in 2022, reaching near X% and X% of total imports, respectively. Zimbabwe (X tons) took the next position in the ranking, followed by Kenya (X tons). All these countries together took near X% share of total imports. Mali (X tons), Tanzania (X tons), Ghana (X tons), Guinea (X tons), Ethiopia (X tons), Botswana (X tons) and Zambia (X tons) took a minor share of total imports.

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

In value terms, the largest explosives importing markets in Africa were Burkina Faso ($X), Democratic Republic of the Congo ($X) and Zimbabwe ($X), together accounting for X% of total imports. Ghana, Kenya, Tanzania, Zambia, Botswana, Mali, Ethiopia and Guinea lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, showed a mild descent. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Ghana ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :