| Product Code: ETC170183 | Publication Date: Jan 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
In 2024, Colombia continued to rely on key exporters such as China, Italy, USA, Spain, and Venezuela for explosives and pyrotechnics imports. The market showed high concentration levels with a high Herfindahl-Hirschman Index (HHI). Despite a notable compound annual growth rate (CAGR) of 17.04% from 2020-24, the industry experienced a slight decline in growth rate from 2023-24 (-1.28%). This indicates a stable yet competitive market environment, emphasizing the importance of strategic partnerships and market intelligence for businesses operating in the explosives and pyrotechnics sector in Colombia.

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 Colombia Explosives & Pyrotechnics Market Overview |
3.1 Colombia Country Macro Economic Indicators |
3.2 Colombia Explosives & Pyrotechnics Market Revenues & Volume, 2021 & 2031F |
3.3 Colombia Explosives & Pyrotechnics Market - Industry Life Cycle |
3.4 Colombia Explosives & Pyrotechnics Market - Porter's Five Forces |
3.5 Colombia Explosives & Pyrotechnics Market Revenues & Volume Share, By Products, 2021 & 2031F |
3.6 Colombia Explosives & Pyrotechnics Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Colombia Explosives & Pyrotechnics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Colombia Explosives & Pyrotechnics Market Trends |
6 Colombia Explosives & Pyrotechnics Market, By Types |
6.1 Colombia Explosives & Pyrotechnics Market, By Products |
6.1.1 Overview and Analysis |
6.1.2 Colombia Explosives & Pyrotechnics Market Revenues & Volume, By Products, 2021 - 2031F |
6.1.3 Colombia Explosives & Pyrotechnics Market Revenues & Volume, By Blasting agents, 2021 - 2031F |
6.1.4 Colombia Explosives & Pyrotechnics Market Revenues & Volume, By Propellants, 2021 - 2031F |
6.1.5 Colombia Explosives & Pyrotechnics Market Revenues & Volume, By Pyrotechnics, 2021 - 2031F |
6.1.6 Colombia Explosives & Pyrotechnics Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Colombia Explosives & Pyrotechnics Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Colombia Explosives & Pyrotechnics Market Revenues & Volume, By Mining, 2021 - 2031F |
6.2.3 Colombia Explosives & Pyrotechnics Market Revenues & Volume, By Construction, 2021 - 2031F |
6.2.4 Colombia Explosives & Pyrotechnics Market Revenues & Volume, By Military, 2021 - 2031F |
6.2.5 Colombia Explosives & Pyrotechnics Market Revenues & Volume, By Others, 2021 - 2031F |
7 Colombia Explosives & Pyrotechnics Market Import-Export Trade Statistics |
7.1 Colombia Explosives & Pyrotechnics Market Export to Major Countries |
7.2 Colombia Explosives & Pyrotechnics Market Imports from Major Countries |
8 Colombia Explosives & Pyrotechnics Market Key Performance Indicators |
9 Colombia Explosives & Pyrotechnics Market - Opportunity Assessment |
9.1 Colombia Explosives & Pyrotechnics Market Opportunity Assessment, By Products, 2021 & 2031F |
9.2 Colombia Explosives & Pyrotechnics Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Colombia Explosives & Pyrotechnics Market - Competitive Landscape |
10.1 Colombia Explosives & Pyrotechnics Market Revenue Share, By Companies, 2024 |
10.2 Colombia Explosives & Pyrotechnics 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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