Ukraine: Fuse And Detonator Market 2023

Fuse And Detonator Market Size in Ukraine

The Ukrainian fuse and detonator market fell to $X in 2021, dropping by -9.9% against the previous year. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +20.0% against 2017 indices. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Fuse And Detonator Production in Ukraine

In value terms, fuse and detonator production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 34%. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Fuse And Detonator Exports

Exports from Ukraine

After three years of decline, overseas shipments of safety fuses, detonating fuses and electric detonators increased by 176% to X tons in 2021. Over the period under review, exports, however, showed a deep reduction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, fuse and detonator exports skyrocketed to $X in 2021. In general, exports, however, showed a deep downturn. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for fuse and detonator exports from Ukraine, accounting for a 63% share of total exports. Moreover, fuse and detonator exports to Bulgaria exceeded the volume sent to the second major destination, Estonia (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Bulgaria stood at +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-22.9% per year) and Moldova (-3.0% per year).

In value terms, Bulgaria ($X) remains the key foreign market for safety fuses, detonating fuses and electric detonators exports from Ukraine, comprising 92% of total exports. The second position in the ranking was held by Estonia ($X), with a 4.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Bulgaria stood at +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-17.9% per year) and Moldova (-2.8% per year).

Export Prices by Country

The average fuse and detonator export price stood at $X per ton in 2021, growing by 7% against the previous year. In general, the export price enjoyed a resilient expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 80%. The export price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Estonia ($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 Iraq (+117.5%), while the prices for the other major destinations experienced more modest paces of growth.

Fuse And Detonator Imports

Imports into Ukraine

In 2021, the amount of safety fuses, detonating fuses and electric detonators imported into Ukraine expanded rapidly to X tons, surging by 8.3% against the previous year. Overall, imports recorded strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 93% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, fuse and detonator imports soared to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 37% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest fuse and detonator supplier to Ukraine, with a 68% share of total imports. Moreover, fuse and detonator imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The third position in this ranking was held by Montenegro (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic amounted to +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+113.6% per year) and Montenegro (-13.7% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of safety fuses, detonating fuses and electric detonators to Ukraine, comprising 55% of total imports. The second position in the ranking was held by Turkey ($X), with a 12% share of total imports. It was followed by the United States, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic stood at +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+68.7% per year) and the United States (+5.0% per year).

Import Prices by Country

In 2021, the average fuse and detonator import price amounted to $X per ton, picking up by 20% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2015 an increase of 66%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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