Asia: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Asia

The Asian fuse and detonator market dropped slightly to $X in 2023, flattening at the previous year. The total consumption indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Fuse And Detonator Production in Asia

In value terms, fuse and detonator production reached $X in 2023 estimated in export price. The total production indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2021; afterwards, it flattened through to 2023.

Fuse And Detonator Exports

Exports in Asia

In 2023, exports of safety fuses, detonating fuses and electric detonators in Asia skyrocketed to X tons, jumping by X% against 2022 figures. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, fuse and detonator exports rose sharply to $X in 2023. Overall, exports showed noticeable growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

India was the key exporter of safety fuses, detonating fuses and electric detonators in Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2023. China (X tons) ranks second in terms of the total exports with a X% share, followed by Turkey (X%), Malaysia (X%), Thailand (X%) and South Korea (X%).

Exports from India increased at an average annual rate of X% from 2012 to 2023. At the same time, Thailand (X%), Malaysia (X%), Turkey (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. By contrast, China (X%) illustrated a downward trend over the same period. India (X p.p.), Malaysia (X p.p.), Turkey (X p.p.), Thailand (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, India ($X), Thailand ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2023, declining by X% against the previous year. Export price indicated a prominent increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, fuse and detonator export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Fuse And Detonator Imports

Imports in Asia

In 2023, overseas purchases of safety fuses, detonating fuses and electric detonators increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2023, the growth of imports failed to regain momentum.

In value terms, fuse and detonator imports rose markedly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, Turkey (X tons), Kazakhstan (X tons), Malaysia (X tons), Indonesia (X tons) and the Philippines (X tons) represented the largest importer of safety fuses, detonating fuses and electric detonators in Asia, making up X% of total import. Uzbekistan (X tons), China (X tons), Thailand (X tons), Japan (X tons), Kyrgyzstan (X tons), Saudi Arabia (X tons), Mongolia (X tons) and the United Arab Emirates (X tons) held a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uzbekistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Turkey, Thailand, the Philippines, Kazakhstan, Uzbekistan, the United Arab Emirates, Kyrgyzstan, Malaysia, Saudi Arabia and Mongolia lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, approximately reflecting the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform