India: Explosives Market 2024

Explosives Market Size in India

In 2022, the Indian explosives market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, saw a slight shrinkage. Explosives consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Explosives Production in India

In value terms, explosives production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Explosives production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Explosives Exports

Exports from India

In 2022, overseas shipments of prepared explosives increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, total exports indicated prominent 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 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, explosives exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Nepal (X tons), the Philippines (X tons) and Australia (X tons) were the main destinations of explosives exports from India, together comprising X% of total exports.

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

In value terms, the largest markets for explosives exported from India were the Philippines ($X), Indonesia ($X) and Australia ($X), together comprising X% of total exports. Nepal, Saudi Arabia, Malaysia, South Africa, Sudan, Thailand, Ethiopia, Bhutan and Bangladesh lagged somewhat behind, together comprising a further X%.

Nepal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average explosives export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price 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, explosives export price increased by X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Bhutan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Explosives Imports

Imports into India

In 2022, supplies from abroad of prepared explosives increased by X% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, explosives imports skyrocketed to $X in 2022. Overall, imports saw prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Vietnam (X tons) and Germany (X tons) were the main suppliers of explosives imports to India, with a combined X% share of total imports. Australia lagged somewhat behind, comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of prepared explosives to India, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average explosives import price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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