Middle East: Fireworks Market 2024

Fireworks Market Size in the Middle East

The Middle Eastern fireworks market declined to $X in 2022, which is down by X% against the previous year. Overall, consumption saw a deep slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Fireworks Production in the Middle East

In value terms, fireworks production contracted to $X in 2022 estimated in export price. In general, production recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Fireworks Exports

Exports in the Middle East

In 2022, approx. X tons of fireworks were exported in the Middle East; rising by X% against 2021. In general, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fireworks exports surged to $X in 2022. Overall, exports continue to indicate prominent growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, the United Arab Emirates (X tons) was the major exporter of fireworks, comprising X% of total exports. Jordan (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%) and Lebanon (X%).

The United Arab Emirates was also the fastest-growing in terms of the fireworks exports, with a CAGR of X% from 2012 to 2022. At the same time, Jordan (X%) and Turkey (X%) displayed positive paces of growth. Lebanon experienced a relatively flat trend pattern. While the share of the United Arab Emirates (X p.p.) and Jordan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Lebanon (X p.p.) and Turkey (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) emerged as the largest fireworks supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Jordan ($X), with a X% share of total exports. It was followed by Lebanon, with a X% share.

In the United Arab Emirates, fireworks exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Jordan (X% per year) and Lebanon (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then contracted markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (X%), while the other leaders experienced mixed trends in the export price figures.

Fireworks Imports

Imports in the Middle East

Fireworks imports surged to X tons in 2022, jumping by X% on the previous year. Overall, imports, however, recorded a perceptible decrease. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, fireworks imports surged to $X in 2022. Over the period under review, imports saw a mild increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Israel (X tons) and Yemen (X tons) represented roughly X% of total imports in 2022. Lebanon (X tons) ranks next in terms of the total imports with a X% share, followed by the United Arab Emirates (X%) and Kuwait (X%). Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fireworks importing markets in the Middle East were the United Arab Emirates ($X), Israel ($X) and Yemen ($X), with a combined X% share of total imports. Lebanon, Turkey and Kuwait lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Kuwait, with a CAGR of X%, 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 import price in the Middle East stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fireworks import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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