| Product Code: ETC5047614 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia industrial explosives market experienced a significant import trend from 2020 to 2024, with a notable compound annual growth rate (CAGR) of 1200.0%. This surge in imports suggests a substantial demand shift or a strategic trade decision to meet market needs, indicating a robust trade performance in the industry.
By 2027, the Industrial Explosives market in Armenia is anticipated to reach a growth rate of 8.88%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Industrial Explosives Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Industrial Explosives Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Industrial Explosives Market - Industry Life Cycle |
3.4 Armenia Industrial Explosives Market - Porter's Five Forces |
3.5 Armenia Industrial Explosives Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Armenia Industrial Explosives Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Armenia Industrial Explosives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Armenia Industrial Explosives Market Trends |
6 Armenia Industrial Explosives Market Segmentations |
6.1 Armenia Industrial Explosives Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Industrial Explosives Market Revenues & Volume, By High Explosives, 2021-2031F |
6.1.3 Armenia Industrial Explosives Market Revenues & Volume, By Blasting Agents, 2021-2031F |
6.2 Armenia Industrial Explosives Market, By End-use Industry |
6.2.1 Overview and Analysis |
6.2.2 Armenia Industrial Explosives Market Revenues & Volume, By Metal Mining, 2021-2031F |
6.2.3 Armenia Industrial Explosives Market Revenues & Volume, By Non-Metal Mining, 2021-2031F |
6.2.4 Armenia Industrial Explosives Market Revenues & Volume, By Quarrying, 2021-2031F |
6.2.5 Armenia Industrial Explosives Market Revenues & Volume, By Construction, 2021-2031F |
6.2.6 Armenia Industrial Explosives Market Revenues & Volume, By Others, 2021-2031F |
7 Armenia Industrial Explosives Market Import-Export Trade Statistics |
7.1 Armenia Industrial Explosives Market Export to Major Countries |
7.2 Armenia Industrial Explosives Market Imports from Major Countries |
8 Armenia Industrial Explosives Market Key Performance Indicators |
9 Armenia Industrial Explosives Market - Opportunity Assessment |
9.1 Armenia Industrial Explosives Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Armenia Industrial Explosives Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Armenia Industrial Explosives Market - Competitive Landscape |
10.1 Armenia Industrial Explosives Market Revenue Share, By Companies, 2024 |
10.2 Armenia Industrial Explosives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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