Czech Republic: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in the Czech Republic

The Czech pyrotechnic articles market surged to $X in 2021, increasing by 543% against the previous year. In general, consumption saw prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pyrotechnic Articles Production in the Czech Republic

In value terms, pyrotechnic articles production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 12% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then contracted modestly in the following year.

Pyrotechnic Articles Exports

Exports from the Czech Republic

In 2021, the amount of signalling flares, rain rockets, fog signals and other pyrotechnic articles exported from the Czech Republic shrank markedly to X tons, waning by -58.3% against 2020 figures. In general, exports faced a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of 87% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, pyrotechnic articles exports skyrocketed to $X in 2021. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 118%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for pyrotechnic articles exports from the Czech Republic, accounting for a 73% share of total exports. Moreover, pyrotechnic articles exports to Germany exceeded the volume sent to the second major destination, South Africa (X tons), more than tenfold. Poland (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at -12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+30.8% per year) and Poland (+4.2% per year).

In value terms, the largest markets for pyrotechnic articles exported from the Czech Republic were Hungary ($X), Germany ($X) and South Africa ($X), with a combined 66% share of total exports. Nigeria, Poland, Slovakia and Lithuania lagged somewhat behind, together accounting for a further 12%.

Nigeria, with a CAGR of +989.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pyrotechnic articles export price stood at $X per ton in 2021, picking up by 237% against the previous year. In general, the export price continues to indicate a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrotechnic Articles Imports

Imports into the Czech Republic

In 2021, approx. X tons of signalling flares, rain rockets, fog signals and other pyrotechnic articles were imported into the Czech Republic; dropping by -19.7% compared with the previous year's figure. Overall, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 968% against the previous year. Imports peaked at X tons in 2020, and then contracted markedly in the following year.

In value terms, pyrotechnic articles imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 204%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pyrotechnic articles to the Czech Republic, accounting for a 75% share of total imports. Moreover, pyrotechnic articles imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), tenfold. Germany (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +111.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+152.2% per year) and Germany (-2.1% per year).

In value terms, the largest pyrotechnic articles suppliers to the Czech Republic were China ($X), Germany ($X) and Slovakia ($X), with a combined 76% share of total imports.

In terms of the main suppliers, Slovakia, with a CAGR of +179.9%, recorded 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

In 2021, the average pyrotechnic articles import price amounted to $X per ton, growing by 115% against the previous year. In general, the import price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2015 when the average import price increased by 464%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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