Australia and Oceania: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Australia and Oceania

The pyrotechnic articles market in Australia and Oceania skyrocketed to $X in 2021, picking up by 54% against the previous year. The total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Pyrotechnic Articles Production in Australia and Oceania

In value terms, pyrotechnic articles production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production enjoyed a significant increase. The growth pace was the most rapid in 2015 when the production volume increased by 197%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Pyrotechnic Articles Exports

Exports in Australia and Oceania

In 2021, shipments abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles increased by 11% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 24%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, pyrotechnic articles exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 76% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Australia (X tons) was the key exporter of signalling flares, rain rockets, fog signals and other pyrotechnic articles, mixing up 60% of total exports. It was distantly followed by New Zealand (X tons), committing a 40% 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 New Zealand (with a CAGR of +4.8%).

In value terms, the largest pyrotechnic articles supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

In terms of the main exporting countries, New Zealand, with a CAGR of +1.4%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, increasing by 7.9% against the previous year. Over the period under review, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2018 an increase of 42% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+10.4%).

Pyrotechnic Articles Imports

Imports in Australia and Oceania

After three years of decline, supplies from abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles increased by 38% to X tons in 2021. Over the period under review, imports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 53%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, pyrotechnic articles imports soared to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 77% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia was the key importer of signalling flares, rain rockets, fog signals and other pyrotechnic articles in Australia and Oceania, with the volume of imports reaching X tons, which was approx. 83% of total imports in 2021. It was distantly followed by New Zealand (X tons), achieving a 14% share of total imports. Tokelau (X tons) followed a long way behind the leaders.

Imports into Australia decreased at an average annual rate of -13.2% from 2012 to 2021. At the same time, Tokelau (+9.4%) and New Zealand (+3.7%) displayed positive paces of growth. Moreover, Tokelau emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +9.4% from 2012-2021. New Zealand (+10 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -13% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported signalling flares, rain rockets, fog signals and other pyrotechnic articles in Australia and Oceania, comprising 82% of total imports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia totaled -1.8%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+6.1% per year) and Tokelau (+7.0% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, surging by 19% against the previous year. Over the period under review, the import price showed a strong expansion. The growth pace was the most rapid in 2013 when the import price increased by 35%. Over the period under review, import prices attained the peak figure in 2021 and is likely to see steady growth in years to come.

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 Australia ($X per ton), while Tokelau ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+13.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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