U.S.: Explosives Market 2022

Explosives Market Size in the U.S.

After four years of growth, the U.S. explosives market decreased by -X% to $X in 2021. Over the period under review, consumption, however, recorded resilient growth. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Explosives Production in the U.S.

In value terms, explosives production reduced to $X in 2021. In general, production, however, recorded a strong expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Explosives production peaked at $X in 2020, and then declined in the following year.

Explosives Exports

Exports from the U.S.

In 2021, overseas shipments of prepared explosives increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a perceptible reduction. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, explosives exports totaled $X in 2021. Over the period under review, exports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 when exports increased by 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

Canada (X tons) was the main destination for explosives exports from the United States, accounting for a X% share of total exports. Moreover, explosives exports to Canada exceeded the volume sent to the second major destination, Australia (X tons), more than tenfold.

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

In value terms, Canada ($X) remains the key foreign market for explosives exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with an X% share of total exports.

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

Export Prices by Country

In 2021, the average explosives export price amounted to $X per ton, waning by -X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined sharply in the following year.

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

Explosives Imports

Imports into the U.S.

In 2021, supplies from abroad of prepared explosives decreased by -X% to X tons, falling for the third year in a row after four years of growth. Overall, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, explosives imports expanded slightly to $X in 2021. Over the period under review, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Poland (X tons) constituted the largest explosives supplier to the United States, with a X% share of total imports. Moreover, explosives imports from Poland exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Poland amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-X% per year) and Germany (+X% per year).

In value terms, Poland ($X), Germany ($X) and Mexico ($X) appeared to be the largest explosives suppliers to the United States, with a combined X% share of total imports.

Among the main suppliers, Poland, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average explosives import price stood at $X per ton in 2021, jumping by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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