EU: Explosives Market 2022

Explosives Market Size in the EU

The EU explosives market expanded sharply to $X in 2021, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Explosives Production in the EU

In value terms, explosives production reached $X in 2021 estimated in export price. Overall, production, however, saw a slight slump. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Explosives Exports

Exports in the EU

After two years of decline, shipments abroad of prepared explosives increased by X% to X tons in 2021. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, explosives exports surged to $X in 2021. Total exports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2018 indices. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Poland (X tons), Spain (X tons), France (X tons) and Sweden (X tons), together recording X% of total export. Finland (X tons) held the next position in the ranking, followed by Germany (X tons), Portugal (X tons) and Romania (X tons). All these countries together took near X% share of total exports. The following exporters - Austria (X tons), Estonia (X tons) and Greece (X tons) - each amounted to an X% share of total exports.

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

In value terms, the largest explosives supplying countries in the European Union were France ($X), Poland ($X) and Germany ($X), with a combined X% share of total exports. These countries were followed by Spain, Sweden, Finland, Romania, Portugal, Austria, Greece and Estonia, which together accounted for a further X terms of the main exporting countries, Portugal, with a CAGR of +X%, recorded the highest growth rate of 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

In 2021, the export price in the European Union amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Germany ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+X%), while the other leaders experienced more modest paces of growth.

Explosives Imports

Imports in the EU

In 2021, purchases abroad of prepared explosives was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, explosives imports surged to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Finland (X tons), Sweden (X tons) and Germany (X tons) was the largest importer of prepared explosives in the European Union, making up X% of total import. It was distantly followed by Spain (X tons), Slovakia (X tons), Croatia (X tons) and France (X tons), together committing a X% share of total imports. Italy (X tons), Greece (X tons), the Czech Republic (X tons), Belgium (X tons), Austria (X tons) and Slovenia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Finland (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for X% of total imports. France, Italy, Slovakia, Belgium, Spain, Croatia, the Czech Republic, Austria, Slovenia and Greece lagged somewhat behind, together comprising a further X, 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 2021, the import price in the European Union amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price showed a mild decline. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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