Asia-Pacific: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Asia-Pacific

The Asia-Pacific pyrotechnic articles market rose remarkably to $X in 2021, growing by 14% against the previous year. Overall, consumption, however, saw a pronounced curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Pyrotechnic Articles Production in Asia-Pacific

In value terms, pyrotechnic articles production rose notably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2019 when the production volume increased by 30% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Pyrotechnic Articles Exports

Exports in Asia-Pacific

In 2021, shipments abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles decreased by -44% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 25%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, pyrotechnic articles exports shrank notably to $X in 2021. In general, exports, however, saw a tangible increase. The pace of growth was the most pronounced in 2016 with an increase of 68%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand was the main exporter of signalling flares, rain rockets, fog signals and other pyrotechnic articles in Asia-Pacific, with the volume of exports reaching X tons, which was near 58% of total exports in 2021. China (X tons) took a 21% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (15%). Indonesia (X tons) took a little share of total exports.

Exports from Thailand decreased at an average annual rate of -2.0% from 2012 to 2021. At the same time, Singapore (+6.6%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +6.6% from 2012-2021. By contrast, China (-1.2%) and Indonesia (-7.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Singapore, Thailand and China increased by +8.5, +2.6 and +2.4 percentage points, respectively.

In value terms, Singapore ($X) remains the largest pyrotechnic articles supplier in Asia-Pacific, comprising 56% of total exports. The second position in the ranking was held by China ($X), with a 20% share of total exports. It was followed by Thailand, with a 14% share.

In Singapore, pyrotechnic articles exports increased at an average annual rate of +12.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: China (+1.0% per year) and Thailand (+4.6% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, falling by -27% against the previous year. Over the period under review, the export price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2016 an increase of 96% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.7%), while the other leaders experienced more modest paces of growth.

Pyrotechnic Articles Imports

Imports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded decline in overseas purchases of signalling flares, rain rockets, fog signals and other pyrotechnic articles, which decreased by -31% to X tons in 2021. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 45%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, pyrotechnic articles imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 35% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Afghanistan (X tons) was the main importer of signalling flares, rain rockets, fog signals and other pyrotechnic articles, achieving 52% of total imports. It was distantly followed by Australia (X tons) and Singapore (X tons), together constituting a 26% share of total imports. Malaysia (X tons), Thailand (X tons), Japan (X tons), Taiwan (Chinese) (X tons), New Zealand (X tons) and South Korea (X tons) took a minor share of total imports.

Afghanistan was also the fastest-growing in terms of the signalling flares, rain rockets, fog signals and other pyrotechnic articles imports, with a CAGR of +70.3% from 2012 to 2021. At the same time, Taiwan (Chinese) (+15.1%), Japan (+8.6%) and New Zealand (+3.7%) displayed positive paces of growth. By contrast, South Korea (-2.9%), Malaysia (-3.2%), Singapore (-9.7%), Australia (-13.2%) and Thailand (-32.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Afghanistan, Taiwan (Chinese), Japan and New Zealand increased by +51, +2.4, +2.3 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pyrotechnic articles importing markets in Asia-Pacific were Afghanistan ($X), Australia ($X) and Singapore ($X), together comprising 70% of total imports.

Among the main importing countries, Afghanistan, with a CAGR of +51.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, surging by 60% against the previous year. Over the period under review, the import price enjoyed a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+43.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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