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World - Safety Fuses, Detonating Fuses And Electric Detonators - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFuse And Detonator Market
The global market for safety fuses, detonating fuses, and electric detonators is expected to see steady growth in both volume and value from 2022 to 2030, with a projected CAGR of +3.5% and +7.2% respectively. Consumption, production, imports, and exports have all shown resilient expansion over the years, with countries like Guyana, Russia, China, and the United States playing significant roles in the market. The analysis also highlights key trends in per capita consumption, import and export prices, and growth rates among major importing and exporting countries.
Market Forecast
Driven by increasing demand for safety fuses, detonating fuses and electric detonators worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.5% for the period from 2022 to 2030, which is projected to bring the market volume to 592K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +7.2% for the period from 2022 to 2030, which is projected to bring the market value to $26.7B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Safety Fuses, Detonating Fuses And Electric Detonators
In 2022, global consumption of safety fuses, detonating fuses and electric detonators surged to 451K tons, growing by 21% against 2021. Overall, consumption enjoyed a resilient increase. Over the period under review, global consumption attained the peak volume in 2022 and is likely to see gradual growth in the near future.
The global fuse and detonator market revenue expanded rapidly to $15.3B in 2022, increasing by 5.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a resilient expansion. Over the period under review, the global market reached the maximum level in 2022 and is expected to retain growth in years to come.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were Guyana (80K tons), China (63K tons) and the United States (34K tons), together comprising 39% of global consumption.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Guyana (with a CAGR of +187.5%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest fuse and detonator markets worldwide were the United States ($3.9B), Japan ($3B) and China ($1.2B), with a combined 53% share of the global market. Egypt, Turkey, Guyana, Mexico, India, Italy, Brazil, Russia, Germany and the UK lagged somewhat behind, together comprising a further 17%.
Guyana, with a CAGR of +187.5%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of fuse and detonator per capita consumption was registered in Guyana (101 kg per person), followed by Turkey (0.2 kg per person), Germany (0.2 kg per person) and the UK (0.2 kg per person), while the world average per capita consumption of fuse and detonator was estimated at 0.1 kg per person.
From 2012 to 2022, the average annual rate of growth in terms of the fuse and detonator per capita consumption in Guyana totaled +186.0%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Turkey (+15.2% per year) and Germany (+4.6% per year).
Production
World Production of Safety Fuses, Detonating Fuses And Electric Detonators
Global fuse and detonator production skyrocketed to 447K tons in 2022, rising by 22% on the previous year's figure. Over the period under review, production enjoyed resilient growth. The growth pace was the most rapid in 2018 when the production volume increased by 22% against the previous year. Over the period under review, global production reached the peak volume in 2022 and is expected to retain growth in the immediate term.
In value terms, fuse and detonator production stood at $15.2B in 2022 estimated in export price. Overall, production posted a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 24% against the previous year. Over the period under review, global production attained the peak level at $15.6B in 2020; however, from 2021 to 2022, production failed to regain momentum.
Production By Country
The countries with the highest volumes of production in 2022 were Russia (99K tons), China (64K tons) and the United States (33K tons), together comprising 44% of global production.
From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +25.1%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Safety Fuses, Detonating Fuses And Electric Detonators
In 2022, overseas purchases of safety fuses, detonating fuses and electric detonators increased by 189% to 127K tons, rising for the second consecutive year after two years of decline. In general, imports continue to indicate a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, fuse and detonator imports expanded notably to $1.8B in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 16%. Over the period under review, global imports reached the peak figure in 2022 and are likely to see steady growth in the near future.
Imports By Country
Guyana dominates imports structure, reaching 80K tons, which was approx. 63% of total imports in 2022. Mexico (3.3K tons), Canada (3.1K tons), Kazakhstan (2.2K tons), South Africa (2.2K tons) and Turkey (1.9K tons) held a minor share of total imports.
Guyana was also the fastest-growing in terms of the safety fuses, detonating fuses and electric detonators imports, with a CAGR of +187.5% from 2012 to 2022. At the same time, Kazakhstan (+11.8%) and Canada (+1.7%) displayed positive paces of growth. Turkey and Mexico experienced a relatively flat trend pattern. By contrast, South Africa (-2.2%) illustrated a downward trend over the same period. Guyana (+63 p.p.) significantly strengthened its position in terms of the global imports, while Turkey, Canada, South Africa and Mexico saw its share reduced by -2%, -2.6%, -3.5% and -4.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Canada ($86M), Mexico ($70M) and South Africa ($46M) were the countries with the highest levels of imports in 2022, with a combined 11% share of global imports. Turkey, Kazakhstan and Guyana lagged somewhat behind, together comprising a further 3.7%.
Among the main importing countries, Guyana, with a CAGR of +68.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average fuse and detonator import price stood at $14,419 per ton in 2022, reducing by -61.7% against the previous year. In general, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 6.7%. As a result, import price attained the peak level of $37,638 per ton, and then shrank dramatically in the following year.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($27,944 per ton), while Guyana ($19 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.3%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Safety Fuses, Detonating Fuses And Electric Detonators
In 2022, overseas shipments of safety fuses, detonating fuses and electric detonators increased by 216% to 123K tons, rising for the second year in a row after two years of decline. In general, exports saw a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, fuse and detonator exports expanded rapidly to $1.8B in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are likely to see steady growth in the near future.
Exports By Country
Russia dominates exports structure, reaching 82K tons, which was near 67% of total exports in 2022. India (5K tons), Canada (4.1K tons), Spain (3.2K tons), the Czech Republic (3.2K tons), South Africa (3K tons), Peru (2.6K tons), France (2.3K tons) and Mexico (2K tons) followed a long way behind the leaders.
Russia was also the fastest-growing in terms of the safety fuses, detonating fuses and electric detonators exports, with a CAGR of +54.3% from 2012 to 2022. At the same time, Spain (+8.9%), Peru (+8.8%), India (+4.5%), the Czech Republic (+4.2%) and France (+4.0%) displayed positive paces of growth. By contrast, Canada (-3.6%), Mexico (-4.8%) and South Africa (-8.5%) illustrated a downward trend over the same period. Russia (+65 p.p.) and Spain (+2.6 p.p.) significantly strengthened its position in terms of the global exports, while India, Mexico, Canada and South Africa saw its share reduced by -2%, -4.5%, -7.9% and -11.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the Czech Republic ($224M), Canada ($177M) and France ($173M) appeared to be the countries with the highest levels of exports in 2022, with a combined 31% share of global exports. Mexico, South Africa, Spain, India, Russia and Peru lagged somewhat behind, together comprising a further 17%.
Among the main exporting countries, Russia, with a CAGR of +15.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average fuse and detonator export price stood at $14,911 per ton in 2022, waning by -66.1% against the previous year. Overall, the export price saw a abrupt downturn. The growth pace was the most rapid in 2019 an increase of 14%. The global export price peaked at $44,000 per ton in 2021, and then dropped significantly in the following year.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($75,774 per ton), while Russia ($538 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+6.8%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global fuse and detonator market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20511250 - Safety fuses, detonating fuses
- Prodcom 20511270 - Percussion or detonating caps, igniters and electric detonators
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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