South-Eastern Asia: Explosives Market 2024

Explosives Market Size in South-Eastern Asia

The Southeast Asian explosives market expanded rapidly to $X in 2022, growing by X% against the previous year. The total consumption indicated a measured increase 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 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Explosives Production in South-Eastern Asia

In value terms, explosives production rose sharply to $X in 2022 estimated in export price. The total production indicated resilient growth 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Explosives Exports

Exports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded decline in shipments abroad of prepared explosives, which decreased by X% to X tons in 2022. Over the period under review, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, explosives exports dropped to $X in 2022. Overall, exports recorded a perceptible reduction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the Philippines (X tons) was the largest exporter of prepared explosives, comprising X% of total exports. It was distantly followed by Vietnam (X tons), Indonesia (X tons) and Cambodia (X tons), together comprising a X% share of total exports. Malaysia (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to explosives exports from the Philippines stood at X%. At the same time, Cambodia (X%), Indonesia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam, Indonesia and Cambodia increased by X, X and X percentage points, respectively.

In value terms, the Philippines ($X) remains the largest explosives supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

In the Philippines, explosives exports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, jumping by X% against the previous year. In general, the export price showed a prominent expansion. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Indonesia ($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.

Explosives Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of prepared explosives were imported in South-Eastern Asia; picking up by X% against the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, explosives imports soared to $X in 2022. Overall, imports, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Myanmar (X tons) represented the largest importer of prepared explosives, constituting X% of total imports. It was distantly followed by Thailand (X tons), Indonesia (X tons), Lao People's Democratic Republic (X tons) and Malaysia (X tons), together achieving a X% share of total imports. The following importers - Vietnam (X tons) and the Philippines (X tons) - each accounted for a X% share of total imports.

Myanmar was also the fastest-growing in terms of the prepared explosives imports, with a CAGR of X% from 2012 to 2022. At the same time, Lao People's Democratic Republic (X%) and Thailand (X%) displayed positive paces of growth. By contrast, Malaysia (X%), the Philippines (X%), Vietnam (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Myanmar, Lao People's Democratic Republic and Thailand increased by X, X and X percentage points, respectively.

In value terms, Indonesia ($X) constitutes the largest market for imported prepared explosives in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia amounted to X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and the Philippines (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, saw a noticeable reduction. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, 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 the Philippines ($X per ton), while Lao People's Democratic Republic ($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.

Source: IndexBox Platform

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