Asia: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Asia

The Asian pyrotechnic articles market amounted to $X in 2021, surging by 7.9% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Pyrotechnic Articles Production in Asia

In value terms, pyrotechnic articles production rose rapidly to $X in 2021 estimated in export price. In general, production, however, showed a noticeable decline. The growth pace was the most rapid in 2019 when the production volume increased by 23%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Pyrotechnic Articles Exports

Exports in Asia

In 2021, shipments abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles decreased by -30.7% to X tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 35% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, pyrotechnic articles exports fell significantly to $X in 2021. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 71%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand was the main exporting country with an export of about X tons, which accounted for 42% of total exports. Israel (X tons) ranks second in terms of the total exports with a 26% share, followed by China (16%) and Singapore (11%). Indonesia (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Israel (with a CAGR of +10.7%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Israel ($X), Singapore ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 90% share of total exports.

Among the main exporting countries, Israel, with a CAGR of +12.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, picking up by 1.7% against the previous year. Overall, the export price enjoyed resilient growth. The growth pace was the most rapid in 2016 when the export price increased by 98%. 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

In 2021, purchases abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles decreased by -37.2% to X tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of 72% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, pyrotechnic articles imports shrank to $X in 2021. In general, imports showed a mild curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 31%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Afghanistan dominates imports structure, finishing at X tons, which was near 52% of total imports in 2021. Singapore (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons). All these countries together held approx. 18% share of total imports. The following importers - Malaysia (X tons), Thailand (X tons), Japan (X tons), Taiwan (Chinese) (X tons), South Korea (X tons), Israel (X tons), Turkey (X tons) and Georgia (X tons) - together made up 22% 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%), Turkey (+3.1%) and the United Arab Emirates (+2.7%) displayed positive paces of growth. By contrast, Israel (-2.3%), South Korea (-2.9%), Georgia (-3.0%), Malaysia (-3.2%), Singapore (-9.7%) and Thailand (-32.0%) illustrated a downward trend over the same period. While the share of Afghanistan (+52 p.p.), the United Arab Emirates (+4.9 p.p.), Taiwan (Chinese) (+2.4 p.p.) and Japan (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-2.5 p.p.) and Thailand (-47.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Afghanistan ($X) constitutes the largest market for imported signalling flares, rain rockets, fog signals and other pyrotechnic articles in Asia, comprising 35% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by Singapore, with a 12% share.

In Afghanistan, pyrotechnic articles imports increased at an average annual rate of +51.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+3.2% per year) and Singapore (-3.5% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, growing by 46% against the previous year. Over the period under review, the import price saw a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: 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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