MERCOSUR: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in MERCOSUR

The MERCOSUR pyrotechnic articles market stood at $X in 2021, increasing by 4.1% against the previous year. In general, consumption, however, showed a abrupt descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Pyrotechnic Articles Production in MERCOSUR

In value terms, pyrotechnic articles production fell slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 7.9%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Pyrotechnic Articles Exports

Exports in MERCOSUR

Pyrotechnic articles exports contracted rapidly to X tons in 2021, dropping by -43% against the year before. In general, exports saw a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of 216%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, pyrotechnic articles exports declined sharply to $X in 2021. Overall, exports faced a sharp contraction. The pace of growth was the most pronounced in 2014 when exports increased by 205% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Peru prevails in exports structure, reaching X tons, which was near 97% of total exports in 2021. Brazil (X tons) took a relatively small share of total exports.

Peru was also the fastest-growing in terms of the signalling flares, rain rockets, fog signals and other pyrotechnic articles exports, with a CAGR of +16.5% from 2012 to 2021. Brazil (-41.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Peru increased by +88 percentage points.

In value terms, Peru ($X) emerged as the largest pyrotechnic articles supplier in MERCOSUR, comprising 85% of total exports. The second position in the ranking was held by Brazil ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Peru amounted to +13.7%.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, reducing by -47.1% against the previous year. Over the period under review, the export price faced a precipitous decrease. The most prominent rate of growth was recorded in 2020 when the export price increased by 96%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 Brazil ($X per ton), while Peru stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (-2.4%).

Pyrotechnic Articles Imports

Imports in MERCOSUR

In 2021, approx. X tons of signalling flares, rain rockets, fog signals and other pyrotechnic articles were imported in MERCOSUR; growing by 35% against 2020. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 38% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, pyrotechnic articles imports surged to $X in 2021. Total imports indicated a mild expansion from 2012 to 2021: its value 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Chile (X tons), distantly followed by Peru (X tons), Argentina (X tons), Paraguay (X tons), Brazil (X tons) and Colombia (X tons) were the major importers of signalling flares, rain rockets, fog signals and other pyrotechnic articles, together generating 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Paraguay (with a CAGR of +61.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constitutes the largest market for imported signalling flares, rain rockets, fog signals and other pyrotechnic articles in MERCOSUR, comprising 42% of total imports. The second position in the ranking was taken by Peru ($X), with a 16% share of total imports. It was followed by Colombia, with a 15% share.

In Chile, pyrotechnic articles imports expanded at an average annual rate of +8.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Peru (+11.3% per year) and Colombia (-9.5% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, jumping by 43% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+19.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform