Malaysia: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Malaysia

The Malaysian pyrotechnic articles market declined to $X in 2021, waning by -7% against the previous year. Over the period under review, consumption saw a mild reduction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Pyrotechnic Articles Production in Malaysia

In value terms, pyrotechnic articles production contracted to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2017 with an increase of 67% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Pyrotechnic Articles Exports

Exports from Malaysia

In 2021, the amount of signalling flares, rain rockets, fog signals and other pyrotechnic articles exported from Malaysia contracted rapidly to X tons, falling by -67.6% against the previous year. In general, exports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 27%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, pyrotechnic articles exports reduced sharply to $X in 2021. Overall, exports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 38%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for pyrotechnic articles exports from Malaysia, accounting for a 84% share of total exports. Moreover, pyrotechnic articles exports to Singapore exceeded the volume sent to the second major destination, Brunei Darussalam (X kg), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore amounted to -30.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (-15.1% per year) and Australia (0.0% per year).

In value terms, Singapore ($X) remains the key foreign market for signalling flares, rain rockets, fog signals and other pyrotechnic articles exports from Malaysia, comprising 60% of total exports. The second position in the ranking was held by Brunei Darussalam ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Singapore amounted to -32.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (-24.3% per year) and Australia (0.0% per year).

Export Prices by Country

The average pyrotechnic articles export price stood at $X per ton in 2021, with an increase of 24% against the previous year. In general, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pyrotechnic articles export price decreased by -25.9% against 2018 indices. The growth pace was the most rapid in 2013 when the average export price increased by 65%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Singapore ($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 (-2.1%).

Pyrotechnic Articles Imports

Imports into Malaysia

In 2021, supplies from abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles decreased by -23.5% to X tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2014 with an increase of 102%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, pyrotechnic articles imports expanded significantly to $X in 2021. Over the period under review, imports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 49%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), China (X tons) and Thailand (X tons) were the main suppliers of pyrotechnic articles imports to Malaysia, together accounting for 72% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +201.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pyrotechnic articles suppliers to Malaysia were the United States ($X), Germany ($X) and Thailand ($X), with a combined 84% share of total imports.

Among the main suppliers, Thailand, with a CAGR of +212.9%, recorded 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 average pyrotechnic articles import price stood at $X per ton in 2021, jumping by 44% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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