Europe: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Europe

The Europe pyrotechnic articles market totaled $X in 2021, growing by 13% against the previous year. In general, consumption, however, continues to indicate a noticeable shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Pyrotechnic Articles Production in Europe

In value terms, pyrotechnic articles production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Pyrotechnic Articles Exports

Exports in Europe

In 2021, overseas shipments of signalling flares, rain rockets, fog signals and other pyrotechnic articles increased by 1.7% to X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports, however, recorded a noticeable decline. The growth pace was the most rapid in 2016 when exports increased by 7.5%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, pyrotechnic articles exports soared to $X in 2021. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons), distantly followed by France (X tons), the UK (X tons), the Czech Republic (X tons), Italy (X tons) and Sweden (X tons) were the largest exporters of signalling flares, rain rockets, fog signals and other pyrotechnic articles, together creating 89% of total exports. Spain (X tons) took a little 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 Italy (with a CAGR of +5.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest pyrotechnic articles supplying countries in Europe were France ($X), Germany ($X) and the UK ($X), with a combined 80% share of total exports. These countries were followed by the Czech Republic, Sweden, Italy and Spain, which together accounted for a further 15%.

The Czech Republic, with a CAGR of +12.4%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, increasing by 26% against the previous year. Over the last nine years, it increased at an average annual rate of +4.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 France ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+28.8%), while the other leaders experienced more modest paces of growth.

Pyrotechnic Articles Imports

Imports in Europe

In 2021, purchases abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles decreased by -13.2% to X tons, falling for the third consecutive year after three years of growth. Overall, imports continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 31%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, pyrotechnic articles imports surged to $X in 2021. Total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of pyrotechnic articles imports in 2021 were the UK (X tons), Spain (X tons), France (X tons), Germany (X tons), the Netherlands (X tons), Denmark (X tons), Italy (X tons), the Czech Republic (X tons), Sweden (X tons), Poland (X tons), Norway (X tons) and Greece (X tons), together recording 83% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Czech Republic (with a CAGR of +35.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pyrotechnic articles importing markets in Europe were the UK ($X), the Netherlands ($X) and Germany ($X), with a combined 44% share of total imports. Sweden, Poland, France, Italy, Norway, Spain, Greece, Denmark and the Czech Republic lagged somewhat behind, together accounting for a further 32%.

Among the main importing countries, Poland, with a CAGR of +27.4%, saw 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

The import price in Europe stood at $X per ton in 2021, rising by 80% against the previous year. Overall, the import price showed strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Sweden ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+28.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform