Central Asia: Explosives Market 2024

Explosives Market Size in Central Asia

The Central Asian explosives market expanded sharply to $X in 2023, increasing by X% against the previous year. The total consumption indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Explosives Production in Central Asia

In value terms, explosives production expanded notably to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Explosives Exports

Exports in Central Asia

In 2023, overseas shipments of prepared explosives decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2023, the growth of the exports failed to regain momentum.

In value terms, explosives exports dropped markedly to $X in 2023. In general, exports, however, showed resilient growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then contracted dramatically in the following year.

Exports by Country

Kazakhstan was the largest exporter of prepared explosives in Central Asia, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by Uzbekistan (X tons) and Tajikistan (X tons), together generating a X% share of total exports.

Kazakhstan was also the fastest-growing in terms of the prepared explosives exports, with a CAGR of X% from 2012 to 2023. At the same time, Uzbekistan (X%) displayed positive paces of growth. By contrast, Tajikistan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Uzbekistan and Kazakhstan increased by X and X percentage points, respectively.

In value terms, Kazakhstan ($X) remains the largest explosives supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Kazakhstan amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Tajikistan (X% per year).

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2023, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Explosives Imports

Imports in Central Asia

In 2023, purchases abroad of prepared explosives was finally on the rise to reach X tons after three years of decline. In general, imports, however, recorded a abrupt slump. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, explosives imports surged to $X in 2023. Over the period under review, imports, however, showed a abrupt descent. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan (X tons) and Kyrgyzstan (X tons) represented the main importers of prepared explosives in 2023, accounting for near X% and X% of total imports, respectively. Mongolia (X tons) took the next position in the ranking, followed by Uzbekistan (X tons) and Tajikistan (X tons). All these countries together held approx. X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Kyrgyzstan ($X), Kazakhstan ($X) and Uzbekistan ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Among the main importing countries, Kyrgyzstan, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per ton, remaining stable against the previous year. Import price indicated a noticeable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, explosives import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mongolia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform