MENA: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in MENA

The MENA's pyrotechnic articles market rose to $X in 2021, increasing by 3.3% against the previous year. Overall, consumption, however, saw a noticeable downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Pyrotechnic Articles Production in MENA

In value terms, pyrotechnic articles production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 36%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Pyrotechnic Articles Exports

Exports in MENA

In 2021, overseas shipments of signalling flares, rain rockets, fog signals and other pyrotechnic articles increased by 97% to X tons, rising for the third year in a row after three years of decline. Over the period under review, exports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2019 with an increase of 1,260% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, pyrotechnic articles exports surged to $X in 2021. Overall, exports posted buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of 5,800%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Israel dominates exports structure, resulting at X tons, which was approx. 94% of total exports in 2021. The following exporters - Turkey (X tons) and Egypt (X tons) - each resulted at a 4.2% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to pyrotechnic articles exports from Israel stood at +10.7%. At the same time, Egypt (+38.1%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of +38.1% from 2012-2021. By contrast, Turkey (-19.6%) illustrated a downward trend over the same period. Israel (+65 p.p.) and Egypt (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -10.9% from 2012 to 2021, respectively.

In value terms, Israel ($X) remains the largest pyrotechnic articles supplier in MENA, comprising 97% of total exports. The second position in the ranking was held by Egypt ($X), with a 1.9% share of total exports.

In Israel, pyrotechnic articles exports increased at an average annual rate of +12.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Egypt (+32.4% per year) and Turkey (-5.7% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, rising by 10% against the previous year. In general, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2019 an increase of 334%. The level of export peaked in 2021 and is expected to retain growth in the near future.

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 Egypt ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+17.2%), while the other leaders experienced mixed trends in the export price figures.

Pyrotechnic Articles Imports

Imports in MENA

In 2021, supplies from abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles decreased by -13.6% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of 49%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, pyrotechnic articles imports dropped modestly to $X in 2021. Overall, imports continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2017 when imports increased by 53% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the largest importing country with an import of about X tons, which amounted to 41% of total imports. Egypt (X tons) held the second position in the ranking, followed by Israel (X tons), Turkey (X tons) and Oman (X tons). All these countries together held near 43% share of total imports. The following importers - Morocco (X tons) and Lebanon (X tons) - together made up 7.5% of total imports.

From 2012 to 2021, average annual rates of growth with regard to pyrotechnic articles imports into the United Arab Emirates stood at +2.7%. At the same time, Egypt (+30.5%), Morocco (+27.0%) and Turkey (+3.1%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of +30.5% from 2012-2021. Oman experienced a relatively flat trend pattern. By contrast, Israel (-2.3%) and Lebanon (-23.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates, Egypt, Turkey, Morocco, Israel and Oman increased by +23, +14, +6.3, +3.8, +3.6 and +2.4 percentage points, respectively.

In value terms, the largest pyrotechnic articles importing markets in MENA were the United Arab Emirates ($X), Oman ($X) and Egypt ($X), with a combined 71% share of total imports.

Egypt, with a CAGR of +36.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, rising by 15% against the previous year. Import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% 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 import price increased by +35.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 57% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

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 Oman ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform