Finland: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Finland

The Finnish pyrotechnic articles market expanded rapidly to $X in 2021, with an increase of 11% against the previous year. Overall, consumption showed a relatively flat trend pattern. Pyrotechnic articles consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Pyrotechnic Articles Production in Finland

In value terms, pyrotechnic articles production reached $X in 2021 estimated in export price. Over the period under review, production showed resilient growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 126% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Pyrotechnic Articles Exports

Exports from Finland

In 2021, overseas shipments of signalling flares, rain rockets, fog signals and other pyrotechnic articles decreased by -87.4% to X kg, falling for the fourth consecutive year after two years of growth. In general, exports recorded a precipitous descent. The growth pace was the most rapid in 2014 with an increase of 86% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, pyrotechnic articles exports declined remarkably to $X in 2021. Overall, exports saw a significant contraction. The growth pace was the most rapid in 2014 with an increase of 205%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X kg) was the main destination for pyrotechnic articles exports from Finland, accounting for a 68% share of total exports. Moreover, pyrotechnic articles exports to Latvia exceeded the volume sent to the second major destination, Sweden (X kg), threefold. The third position in this ranking was held by Estonia (X kg), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Latvia stood at -17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-30.3% per year) and Estonia (-44.4% per year).

In value terms, Latvia ($X) remains the key foreign market for signalling flares, rain rockets, fog signals and other pyrotechnic articles exports from Finland, comprising 78% of total exports. The second position in the ranking was held by Estonia ($X), with a 9.5% share of total exports. It was followed by Sweden, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Latvia stood at -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-35.0% per year) and Sweden (-29.3% per year).

Export Prices by Country

In 2021, the average pyrotechnic articles export price amounted to $X per ton, picking up by 50% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pyrotechnic articles export price increased by +123.5% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 64%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Sweden ($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 Lithuania (+47.4%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrotechnic Articles Imports

Imports into Finland

In 2021, imports of signalling flares, rain rockets, fog signals and other pyrotechnic articles into Finland totaled X tons, with an increase of 6% on the year before. Over the period under review, imports, however, recorded a mild descent. The growth pace was the most rapid in 2017 with an increase of 95%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, pyrotechnic articles imports expanded markedly to $X in 2021. In general, imports, however, continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of 343%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of pyrotechnic articles to Finland, accounting for a 42% share of total imports. Moreover, pyrotechnic articles imports from Poland exceeded the figures recorded by the second-largest supplier, Sweden (X tons), twofold. The third position in this ranking was taken by Estonia (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Poland amounted to +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-8.9% per year) and Estonia (+40.0% per year).

In value terms, the UK ($X), Sweden ($X) and Estonia ($X) constituted the largest pyrotechnic articles suppliers to Finland, with a combined 75% share of total imports.

Estonia, with a CAGR of +52.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pyrotechnic articles import price stood at $X per ton in 2021, with an increase of 2.5% against the previous year. In general, the import price, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 152%. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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