Global Explosives Market Overview
In value terms, explosives production shrank dramatically to $ in estimated in export prices. Over the period under review, production, however, showed a mild expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by % y-o-y. As a result, production attained the peak level of $. From 2019 to , global production growth remained at a somewhat lower figure.
China ( tonnes) constituted the country with the largest volume of explosives production, comprising approx. % of total volume. Moreover, explosives production in China exceeded the figures recorded by the second-largest producer, the U.S. ( tonnes), twofold. The third position in this ranking was occupied by Pakistan ( tonnes), with a % share.
In China, explosives production increased at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: the U.S. (+% per year) and Pakistan (+% per year).
The global explosives market revenue dropped notably to $ in , declining by -% 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). Overall, consumption, however, showed mild growth. The pace of growth was the most pronounced in 2018 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2019 to , the growth of the global market remained at a somewhat lower figure.
From 2007 to , the average annual rate of growth in terms of volume in China amounted to +%. In the other countries, the average annual rates were as follows: the U.S. (+% per year) and Pakistan (+% per year).
In value terms, the largest explosives markets worldwide were the U.S. ($), China ($) and Pakistan ($), with a combined % share of the global market.
Pakistan recorded the highest growth rate of market size, in terms of the main consuming countries over the period under review, while explosives market for the other global leaders experienced more modest paces of growth.
In , the highest levels of explosives per capita consumption was registered in Sweden ( kg per person), followed by Canada ( kg per person), Saudi Arabia ( kg per person) and Turkey ( kg per person), while the world average per capita consumption of explosives was estimated at kg per person.
From 2007 to , the average annual rate of growth in terms of the explosives per capita consumption in Sweden amounted to +%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Canada (-% per year) and Saudi Arabia (-% per year).