| Product Code: ETC6363070 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Belgium`s explosive import shipments continued to show strong growth, with key exporting countries being Switzerland, Germany, Metropolitan France, Serbia, and Spain. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) over the period 2020-24 was an impressive 9.25%, demonstrating sustained expansion. Notably, the growth rate from 2023 to 2024 spiked to 272.59%, highlighting a significant surge in import activity during that period. Belgium`s explosive import market appears dynamic and robust, with key players driving substantial growth.

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 Belgium Research Department Explosive Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Research Department Explosive Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Research Department Explosive Market - Industry Life Cycle |
3.4 Belgium Research Department Explosive Market - Porter's Five Forces |
3.5 Belgium Research Department Explosive Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Belgium Research Department Explosive Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Belgium Research Department Explosive Market Trends |
6 Belgium Research Department Explosive Market, By Types |
6.1 Belgium Research Department Explosive Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Belgium Research Department Explosive Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Belgium Research Department Explosive Market Revenues & Volume, By Military, 2021- 2031F |
6.1.4 Belgium Research Department Explosive Market Revenues & Volume, By Melt Cast & Pressed Explosives, 2021- 2031F |
6.1.5 Belgium Research Department Explosive Market Revenues & Volume, By Cast PBX, 2021- 2031F |
6.1.6 Belgium Research Department Explosive Market Revenues & Volume, By Pyrotechnics, 2021- 2031F |
6.1.7 Belgium Research Department Explosive Market Revenues & Volume, By Others, 2021- 2031F |
6.1.8 Belgium Research Department Explosive Market Revenues & Volume, By Civil, 2021- 2031F |
6.1.9 Belgium Research Department Explosive Market Revenues & Volume, By Demolition Blocks, 2021- 2031F |
6.1.10 Belgium Research Department Explosive Market Revenues & Volume, By Demolition Blocks, 2021- 2031F |
7 Belgium Research Department Explosive Market Import-Export Trade Statistics |
7.1 Belgium Research Department Explosive Market Export to Major Countries |
7.2 Belgium Research Department Explosive Market Imports from Major Countries |
8 Belgium Research Department Explosive Market Key Performance Indicators |
9 Belgium Research Department Explosive Market - Opportunity Assessment |
9.1 Belgium Research Department Explosive Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Belgium Research Department Explosive Market - Competitive Landscape |
10.1 Belgium Research Department Explosive Market Revenue Share, By Companies, 2024 |
10.2 Belgium Research Department Explosive 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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