China: Explosives Market 2023

Explosives Market Size in China

The Chinese explosives market reduced to $X in 2021, with a decrease of -7.2% against the previous year. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +48.5% against 2017 indices. Explosives consumption peaked at $X in 2020, and then shrank in the following year.

Explosives Production in China

In value terms, explosives production fell to $X in 2021 estimated in export price. Overall, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +61.8% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 51%. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Explosives Exports

Exports from China

In 2021, overseas shipments of prepared explosives decreased by -56.9% to X tons, falling for the second year in a row after two years of growth. Overall, exports showed a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 67% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, explosives exports fell rapidly to $X in 2021. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 201% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X tons), Myanmar (X tons) and Lao People's Democratic Republic (X tons) were the main destinations of explosives exports from China, with a combined 77% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +90.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the key foreign market for prepared explosives exports from China, comprising 62% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a 12% share of total exports. It was followed by Indonesia, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia stood at +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+7.2% per year) and Indonesia (+11.2% per year).

Export Prices by Country

The average explosives export price stood at $X per ton in 2021, rising by 34% against the previous year. Overall, the export price saw a remarkable increase. The pace of growth was the most pronounced in 2018 an increase of 96%. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Myanmar ($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 Congo (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Explosives Imports

Imports into China

In 2021, supplies from abroad of prepared explosives increased by 51% to X tons, rising for the third year in a row after three years of decline. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2013 when imports increased by 576%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, explosives imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 84% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, the United States (X tons) constituted the largest explosives supplier to China, with a 76% share of total imports. Moreover, explosives imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +31.4%.

In value terms, the United States ($X) constituted the largest supplier of prepared explosives to China, comprising 61% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +5.1%.

Import Prices by Country

The average explosives import price stood at $X per ton in 2021, shrinking by -15.6% against the previous year. Overall, the import price saw a deep slump. The pace of growth was the most pronounced in 2014 an increase of 571% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+12.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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