Africa: Fireworks Market 2024

Fireworks Market Size in Africa

The African fireworks market contracted to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, showed a mild decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Fireworks Production in Africa

In value terms, fireworks production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a mild reduction. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Fireworks Exports

Exports in Africa

In 2022, approx. X tons of fireworks were exported in Africa; waning by X% compared with 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, fireworks exports reduced modestly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa was the key exporter of fireworks in Africa, with the volume of exports recording X tons, which was near X% of total exports in 2022. Cameroon (X tons) held the second position in the ranking, followed by Mauritius (X tons). All these countries together took near X% share of total exports. Tanzania (X tons) took a little share of total exports.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of fireworks. At the same time, Cameroon (X%), Mauritius (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Cameroon emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Cameroon and Mauritius increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest fireworks supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Cameroon ($X), with a X% share of total exports. It was followed by Mauritius, with a X% share.

In South Africa, fireworks exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Cameroon (X% per year) and Mauritius (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, rising by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Mauritius ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced more modest paces of growth.

Fireworks Imports

Imports in Africa

After three years of decline, overseas purchases of fireworks increased by X% to X tons in 2022. Overall, imports, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, fireworks imports rose markedly to $X in 2022. In general, imports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa represented the major importer of fireworks in Africa, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Mauritania (X tons) and Nigeria (X tons), together mixing up a X% share of total imports. Djibouti (X tons), Egypt (X tons) and Mauritius (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fireworks imports into South Africa stood at X%. At the same time, Egypt (X%), Mauritania (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Djibouti (X%) and Mauritius (X%) illustrated a downward trend over the same period. Mauritania (X p.p.), Nigeria (X p.p.) and Egypt (X p.p.) significantly strengthened its position in terms of the total imports, while Mauritius and South Africa saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported fireworks in Africa, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total imports. It was followed by Mauritius, with a X% share.

In South Africa, fireworks imports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Mauritius (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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