Canada: Fuse And Detonator Market 2023

Fuse And Detonator Market Size in Canada

In 2021, the Canadian fuse and detonator market decreased by -10.2% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption, however, showed significant growth. Fuse and detonator consumption peaked at $X in 2020, and then declined in the following year.

Fuse And Detonator Production in Canada

In value terms, fuse and detonator production contracted to $X in 2021 estimated in export price. Overall, production, however, saw a resilient increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 46% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Fuse And Detonator Exports

Exports from Canada

In 2021, overseas shipments of safety fuses, detonating fuses and electric detonators were finally on the rise to reach X tons after three years of decline. In general, exports, however, saw a drastic downturn. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, fuse and detonator exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for fuse and detonator exports from Canada, accounting for a 43% share of total exports. Moreover, fuse and detonator exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), fourfold. Peru (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-4.4% per year) and Peru (-0.2% per year).

In value terms, the United States ($X) remains the key foreign market for safety fuses, detonating fuses and electric detonators exports from Canada, comprising 40% of total exports. The second position in the ranking was held by Peru ($X), with a 10% share of total exports. It was followed by Australia, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+8.5% per year) and Australia (-2.1% per year).

Export Prices by Country

In 2021, the average fuse and detonator export price amounted to $X per ton, rising by 5.8% against the previous year. In general, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fuse and detonator export price increased by +68.3% against 2012 indices. The growth pace was the most rapid in 2018 an increase of 7.2% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Fuse And Detonator Imports

Imports into Canada

In 2021, purchases abroad of safety fuses, detonating fuses and electric detonators was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, recorded a mild curtailment. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, fuse and detonator imports surged to $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest fuse and detonator supplier to Canada, accounting for a 59% share of total imports. Moreover, fuse and detonator imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fourfold. Chile (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-9.7% per year) and Chile (+150.3% per year).

In value terms, the United States ($X) constituted the largest supplier of safety fuses, detonating fuses and electric detonators to Canada, comprising 47% of total imports. The second position in the ranking was taken by Mexico ($X), with an 18% share of total imports. It was followed by Chile, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-2.9% per year) and Chile (+169.8% per year).

Import Prices by Country

The average fuse and detonator import price stood at $X per ton in 2021, rising by 4.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.1%. The pace of growth was the most pronounced in 2020 when the average import price increased by 4.1%. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :