Latin America and the Caribbean: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in Latin America and the Caribbean

The Latin American fuse and detonator market skyrocketed to $X in 2022, rising by X% against the previous year. Over the period under review, consumption saw a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fuse And Detonator Production in Latin America and the Caribbean

In value terms, fuse and detonator production totaled $X in 2022 estimated in export price. Overall, production recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Fuse And Detonator Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of safety fuses, detonating fuses and electric detonators were exported in Latin America and the Caribbean; waning by X% on the previous year's figure. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, fuse and detonator exports amounted to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Peru (X tons) and Mexico (X tons) were the main exporters of safety fuses, detonating fuses and electric detonators in Latin America and the Caribbean, together reaching approx. X% of total exports. It was distantly followed by Brazil (X tons), Chile (X tons) and Bolivia (X tons), together mixing up a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Mexico ($X) remains the largest fuse and detonator supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (X% per year) and Chile (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

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

Fuse And Detonator Imports

Imports in Latin America and the Caribbean

In 2022, the amount of safety fuses, detonating fuses and electric detonators imported in Latin America and the Caribbean soared to X tons, picking up by X% against 2021 figures. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fuse and detonator imports rose to $X in 2022. Overall, imports, however, showed a mild decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Guyana dominates imports structure, amounting to X tons, which was near X% of total imports in 2022. The following importers - Mexico (X tons), Chile (X tons) and Ecuador (X tons) - together made up X% of total imports.

Guyana was also the fastest-growing in terms of the safety fuses, detonating fuses and electric detonators imports, with a CAGR of X% from 2012 to 2022. At the same time, Ecuador (X%) and Chile (X%) displayed positive paces of growth. Mexico experienced a relatively flat trend pattern. Guyana (X p.p.) significantly strengthened its position in terms of the total imports, while Ecuador, Chile and Mexico saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Mexico ($X), Chile ($X) and Ecuador ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. These countries were followed by Guyana, which accounted for a further X%.

Guyana, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price showed a dramatic descent. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while Guyana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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