South-Eastern Asia: Fuse And Detonator Market 2024

Fuse And Detonator Market Size in South-Eastern Asia

In 2022, the Southeast Asian fuse and detonator market decreased by X% to $X, falling for the third year in a row after eight years of growth. The total consumption indicated a resilient expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Fuse And Detonator Production in South-Eastern Asia

In value terms, fuse and detonator production contracted slightly to $X in 2022 estimated in export price. In general, production recorded a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Fuse And Detonator Exports

Exports in South-Eastern Asia

After four years of growth, shipments abroad of safety fuses, detonating fuses and electric detonators decreased by X% to X tons in 2022. Overall, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, fuse and detonator exports soared to $X in 2022. Over the period under review, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Thailand (X tons) and Malaysia (X tons) dominates exports structure, together generating X% of total exports. It was distantly followed by the Philippines (X tons), comprising a X% share of total exports. Vietnam (X tons), Lao People's Democratic Republic (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest fuse and detonator supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

In Thailand, fuse and detonator exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and the Philippines (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Singapore ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Fuse And Detonator Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of safety fuses, detonating fuses and electric detonators decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. Overall, imports saw a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, fuse and detonator imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Indonesia (X tons), distantly followed by the Philippines (X tons), Malaysia (X tons), Thailand (X tons) and Lao People's Democratic Republic (X tons) represented the largest importers of safety fuses, detonating fuses and electric detonators, together committing X% of total imports. The following importers - Cambodia (X tons) and Vietnam (X tons) - each recorded a X% share of total imports.

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

In value terms, the largest fuse and detonator importing markets in South-Eastern Asia were Indonesia ($X), Thailand ($X) and the Philippines ($X), with a combined X% share of total imports. Malaysia, Lao People's Democratic Republic, Vietnam and Cambodia lagged somewhat behind, together accounting for a further X%.

Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

The import price in South-Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price enjoyed strong growth. The pace of growth was the most pronounced in 2013 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

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 Thailand ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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