Japan: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Japan

The Japanese pyrotechnic articles market soared to $X in 2021, surging by 54% 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). In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +54.0% against 2019 indices. Pyrotechnic articles consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Pyrotechnic Articles Exports

Exports from Japan

In 2021, exports of signalling flares, rain rockets, fog signals and other pyrotechnic articles from Japan declined significantly to X kg, dropping by -32.2% compared with 2020 figures. Overall, exports continue to indicate a sharp descent. The pace of growth was the most pronounced in 2014 with an increase of 98% against the previous year. Over the period under review, the exports reached the maximum at X kg in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, pyrotechnic articles exports fell to $X in 2021. Over the period under review, exports recorded a precipitous descent. The pace of growth appeared the most rapid in 2014 with an increase of 13%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for pyrotechnic articles exports from Japan, with a 61% share of total exports. Moreover, pyrotechnic articles exports to the United States exceeded the volume sent to the second major destination, Australia (X kg), threefold. Thailand (X kg) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +49.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-37.5% per year) and Thailand (+11.5% per year).

In value terms, the largest markets for pyrotechnic articles exported from Japan were the United States ($X), Thailand ($X) and Australia ($X), together accounting for 74% of total exports.

The United States, with a CAGR of +31.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average pyrotechnic articles export price amounted to $X per ton, surging by 28% against the previous year. In general, the export price, however, continues to indicate a noticeable shrinkage. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Australia ($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 Malaysia (+3.7%), while the prices for the other major destinations experienced a decline.

Pyrotechnic Articles Imports

Imports into Japan

In 2021, supplies from abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles was finally on the rise to reach X tons after two years of decline. In general, imports posted strong growth. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, pyrotechnic articles imports soared to $X in 2021. Over the period under review, total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.9% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 63%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X tons), the United States (X tons) and China (X tons) were the main suppliers of pyrotechnic articles imports to Japan, with a combined 28% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +33.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of signalling flares, rain rockets, fog signals and other pyrotechnic articles to Japan, comprising 34% of total imports. The second position in the ranking was taken by Singapore ($X), with a 13% share of total imports. It was followed by France, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+8.8% per year) and France (-6.5% per year).

Import Prices by Country

The average pyrotechnic articles import price stood at $X per ton in 2021, with a decrease of -32.3% against the previous year. Overall, the import price showed a perceptible decrease. The pace of growth appeared the most rapid in 2020 an increase of 62% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Thailand ($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 United States (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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