Northern America: Explosives Market 2022

Explosives Market Size in Northern America

After four years of growth, the North American explosives market decreased by -X% to $X in 2021. Over the period under review, consumption, however, continues to indicate a strong expansion. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Explosives Production in Northern America

In value terms, explosives production contracted to $X in 2021 estimated in export price. Overall, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then declined in the following year.

Explosives Exports

Exports in Northern America

In 2021, overseas shipments of prepared explosives were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, showed a perceptible decrease. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, explosives exports stood at $X in 2021. Overall, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates exports structure, recording X tons, which was approx. X% of total exports in 2021. Canada (X tons) took a relatively small share of total exports.

The United States was also the fastest-growing in terms of the prepared explosives exports, with a CAGR of -X% from 2012 to 2021. Canada (-X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest explosives supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

In the United States, explosives exports declined by an average annual rate of -X% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, declining by -X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while 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 Canada (+X%).

Explosives Imports

Imports in Northern America

In 2021, purchases abroad of prepared explosives increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a slight shrinkage. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, explosives imports totaled $X in 2021. Total imports indicated a temperate expansion 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, imports decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Canada (X tons) represented the largest importer of prepared explosives, creating X% of total imports. It was distantly followed by the United States (X tons), mixing up a X% share of total imports.

Imports into Canada decreased at an average annual rate of -X% from 2012 to 2021. At the same time, the United States (+X%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in Northern America, with a CAGR of +X% from 2012-2021. From 2012 to 2021, the share of the United States increased by +X percentage points. Canada (-X p.p.) saw their shares reduced.

In value terms, the largest explosives importing markets in Northern America were the United States ($X) and Canada ($X the main importing countries, the United States, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, shrinking by -X% against the previous year. Overall, the import price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2020, and then declined in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+X%).

Source: IndexBox Market Intelligence Platform

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