Eastern Asia: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Eastern Asia

The East Asian pyrotechnic articles market rose remarkably to $X in 2021, growing by 9.4% against the previous year. In general, consumption, however, recorded a pronounced setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Pyrotechnic Articles Production in Eastern Asia

In value terms, pyrotechnic articles production reached $X in 2021 estimated in export price. In general, production, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 with an increase of 28%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Pyrotechnic Articles Exports

Exports in Eastern Asia

In 2021, overseas shipments of signalling flares, rain rockets, fog signals and other pyrotechnic articles decreased by -67.9% to X tons, falling for the second consecutive year after three years of growth. In general, exports showed a pronounced downturn. The growth pace was the most rapid in 2014 when exports increased by 104% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, pyrotechnic articles exports fell dramatically to $X in 2021. Overall, exports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2014 with an increase of 78% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, reaching X tons, which was approx. 98% of total exports in 2021. South Korea (X tons) took a little share of total exports.

China was also the fastest-growing in terms of the signalling flares, rain rockets, fog signals and other pyrotechnic articles exports, with a CAGR of -1.2% from 2012 to 2021. South Korea (-17.9%) illustrated a downward trend over the same period. While the share of China (+7.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-6.9 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest pyrotechnic articles supplier in Eastern Asia, comprising 91% of total exports. The second position in the ranking was taken by South Korea ($X), with an 8.6% share of total exports.

In China, pyrotechnic articles exports increased at an average annual rate of +1.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, with an increase of 150% against the previous year. In general, the export price enjoyed modest growth. 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 origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+9.3%).

Pyrotechnic Articles Imports

Imports in Eastern Asia

In 2021, approx. X tons of signalling flares, rain rockets, fog signals and other pyrotechnic articles were imported in Eastern Asia; surging by 33% on the previous year. Over the period under review, imports enjoyed a measured increase. The pace of growth appeared the most rapid in 2019 when imports increased by 59% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, pyrotechnic articles imports surged to $X in 2021. Overall, imports, however, showed a mild downturn. The pace of growth was the most pronounced in 2013 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) was the key importer of signalling flares, rain rockets, fog signals and other pyrotechnic articles in Eastern Asia, committing 92% of total import. The following importers - Macao SAR (X tons) and China (X tons) - together made up 6.7% of total imports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +15.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported signalling flares, rain rockets, fog signals and other pyrotechnic articles in Eastern Asia, comprising 72% of total imports. The second position in the ranking was taken by South Korea ($X), with a 14% share of total imports. It was followed by Taiwan (Chinese), with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value in Japan totaled +3.4%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-11.8% per year) and Taiwan (Chinese) (+6.3% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, shrinking by -7.4% against the previous year. Over the period under review, the import price saw a noticeable setback. The pace of growth appeared the most rapid in 2020 an increase of 80% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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