Explosives Market Overview in Hungary
In value terms, explosives production stood at $ in estimated in export prices. Overall, production, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2018 with an increase of % year-to-year. Over the period under review, production hit record highs at $ in 2008; however, from 2009 to , production failed to regain the momentum.
The size of the explosives market in Hungary expanded remarkably to $ in , with an increase of % 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). Over the period under review, consumption, however, saw a mild slump. Over the period under review, the market reached the peak level at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.