Hong Kong SAR, China: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Hong Kong SAR, China

The Hong Kong pyrotechnic articles market declined rapidly to $X in 2021, waning by -41.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt curtailment. Pyrotechnic articles consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Pyrotechnic Articles Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of signalling flares, rain rockets, fog signals and other pyrotechnic articles decreased by -75% to X kg, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt contraction. The growth pace was the most rapid in 2014 when exports increased by 154%. As a result, the exports attained the peak of X kg. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, pyrotechnic articles exports contracted significantly to $X in 2021. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 139% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Guatemala (X kg), France (X kg) and Iceland (X kg) were the main destinations of pyrotechnic articles exports from Hong Kong SAR, with a combined 70% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +19.6%), while the other leaders experienced a decline.

In value terms, the largest markets for pyrotechnic articles exported from Hong Kong SAR were France ($X), Sweden ($X) and Guatemala ($X), with a combined 65% share of total exports. Australia, South Africa, the United States, Iceland, Georgia and Singapore lagged somewhat behind, together comprising a further 27%.

South Africa, with a CAGR of +16.4%, saw the highest growth rate of the value of exports, in terms of 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

In 2021, the average pyrotechnic articles export price amounted to $X per ton, dropping by -46.2% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 an increase of 68% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then declined significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Iceland ($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 Singapore (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrotechnic Articles Imports

Imports into Hong Kong SAR, China

In 2021, approx. X tons of signalling flares, rain rockets, fog signals and other pyrotechnic articles were imported into Hong Kong SAR; which is down by -42.7% against the previous year. In general, imports faced a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 31%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, pyrotechnic articles imports declined significantly to $X in 2021. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 36% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

South Korea (X kg), Sweden (X kg) and China (X kg) were the main suppliers of pyrotechnic articles imports to Hong Kong SAR, together comprising 24% of total imports. These countries were followed by Germany, Panama, Thailand, Singapore, Brazil and the UK, which together accounted for a further 9.2%.

From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of -6.0%), while purchases for the other leaders experienced a decline.

In value terms, South Korea ($X), Germany ($X) and Sweden ($X) appeared to be the largest pyrotechnic articles suppliers to Hong Kong SAR, with a combined 24% share of total imports. These countries were followed by China, Thailand, Brazil, Singapore, the UK and Panama, which together accounted for a further 9.1%.

In terms of the main suppliers, Thailand, with a CAGR of +6.7%, 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 a decline.

Import Prices by Country

The average pyrotechnic articles import price stood at $X per ton in 2021, approximately equating the previous year. Overall, the import price continues to indicate a slight increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 61% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average 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 Brazil ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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