Benelux: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Benelux

The Benelux pyrotechnic articles market soared to $X in 2021, picking up by 25% against the previous year. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.3% against 2019 indices. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Pyrotechnic Articles Production in Benelux

In value terms, pyrotechnic articles production soared to $X in 2021 estimated in export price. Overall, production showed a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 130% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Pyrotechnic Articles Exports

Exports in Benelux

In 2021, shipments abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles increased by 7.7% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports recorded resilient growth. The growth pace was the most rapid in 2014 when exports increased by 483% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, pyrotechnic articles exports skyrocketed to $X in 2021. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 288%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands dominates exports structure, finishing at X tons, which was near 92% of total exports in 2021. It was distantly followed by Belgium (X tons), mixing up an 8.3% share of total exports.

The Netherlands was also the fastest-growing in terms of the signalling flares, rain rockets, fog signals and other pyrotechnic articles exports, with a CAGR of +10.4% from 2012 to 2021. At the same time, Belgium (+2.3%) displayed positive paces of growth. The Netherlands (+7.3 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -6.8% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) remains the largest pyrotechnic articles supplier in Benelux, comprising 95% of total exports. The second position in the ranking was taken by Belgium ($X), with a 5.1% share of total exports.

In the Netherlands, pyrotechnic articles exports expanded at an average annual rate of +10.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, growing by 7.4% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 138%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.4%).

Pyrotechnic Articles Imports

Imports in Benelux

Pyrotechnic articles imports totaled X tons in 2021, almost unchanged from the year before. Over the period under review, imports recorded buoyant growth. The growth pace was the most rapid in 2013 with an increase of 213% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, pyrotechnic articles imports expanded slightly to $X in 2021. Overall, imports saw buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 143%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

The Netherlands was the main importing country with an import of around X tons, which resulted at 87% of total imports. It was distantly followed by Belgium (X tons), achieving an 11% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the signalling flares, rain rockets, fog signals and other pyrotechnic articles imports, with a CAGR of +11.6% from 2012 to 2021. Luxembourg experienced a relatively flat trend pattern. Belgium (-5.0%) illustrated a downward trend over the same period. The Netherlands (+25 p.p.) significantly strengthened its position in terms of the total imports, while Luxembourg and Belgium saw its share reduced by -3% and -21.8% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported signalling flares, rain rockets, fog signals and other pyrotechnic articles in Benelux, comprising 88% of total imports. The second position in the ranking was held by Belgium ($X), with an 11% share of total imports.

In the Netherlands, pyrotechnic articles imports expanded at an average annual rate of +14.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belgium (+0.5% per year) and Luxembourg (+8.2% per year).

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, increasing by 2.8% against the previous year. Import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pyrotechnic articles import price increased by +84.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the import price increased by 80% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+9.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform