South Africa: Explosives Market 2022

Explosives Market Size in South Africa

The South African explosives market amounted to $X in 2021, flattening at the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Explosives Production in South Africa

In value terms, explosives production rose slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a slight decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Explosives Exports

Exports from South Africa

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 deep slump. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, explosives exports rose notably to $X in 2021. Overall, exports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Zimbabwe (X tons) was the main destination for explosives exports from South Africa, accounting for a X% share of total exports. Moreover, explosives exports to Zimbabwe exceeded the volume sent to the second major destination, Tanzania (X tons), twofold. The third position in this ranking was held by Djibouti (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Zimbabwe stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+X% per year) and Djibouti (+X% per year).

In value terms, South Korea ($X) remains the key foreign market for explosives exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with a X% share of total exports. It was followed by Zambia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (-X% per year) and Zambia (-X% per year).

Export Prices by Country

The average explosives export price stood at $X per ton in 2021, increasing by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to Lesotho ($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 Ghana (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Explosives Imports

Imports into South Africa

In 2021, approx. X tons of prepared explosives were imported into South Africa; waning by -X% compared with 2020. In general, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports reached the peak of X tons, and then plummeted in the following year.

In value terms, explosives imports declined rapidly to $X in 2021. Over the period under review, imports, however, saw a noticeable increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined notably in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of explosives to South Africa, with a X% share of total imports. Moreover, explosives imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), sixfold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+X% per year) and India (+X% per year).

In value terms, China ($X) constituted the largest supplier of explosives to South Africa, comprising X% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+X% per year) and India (+X% per year).

Import Prices by Country

The average explosives import price stood at $X per ton in 2021, which is down by -X% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2019 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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