Middle East: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in the Middle East

The Middle Eastern pyrotechnic articles market expanded sharply to $X in 2021, increasing by 5.2% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Pyrotechnic Articles Production in the Middle East

In value terms, pyrotechnic articles production rose markedly to $X in 2021 estimated in export price. Overall, production posted notable growth. The pace of growth was the most pronounced in 2019 when the production volume increased by 42% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Pyrotechnic Articles Exports

Exports in the Middle East

In 2021, shipments abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles increased by 95% to X tons, rising for the third consecutive year after three years of decline. In general, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 1,487%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, pyrotechnic articles exports surged to $X in 2021. Overall, exports saw a strong increase. The pace of growth was the most pronounced in 2019 with an increase of 11,594% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

Israel dominates exports structure, accounting for X tons, which was approx. 96% of total exports in 2021. Turkey (X tons) followed a long way behind the leaders.

Israel was also the fastest-growing in terms of the signalling flares, rain rockets, fog signals and other pyrotechnic articles exports, with a CAGR of +10.7% from 2012 to 2021. Turkey (-19.6%) illustrated a downward trend over the same period. While the share of Israel (+29 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Turkey (-27.8 p.p.) displayed negative dynamics.

In value terms, Israel ($X) remains the largest pyrotechnic articles supplier in the Middle East, comprising 98% of total exports. The second position in the ranking was taken by Turkey ($X), with a 1.1% share of total exports.

In Israel, pyrotechnic articles exports expanded at an average annual rate of +12.4% over the period from 2012-2021.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, surging by 10% against the previous year. Overall, the export price recorded a prominent expansion. The pace of growth appeared the most rapid in 2019 when the export price increased by 637%. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

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 Israel ($X per ton), while Turkey amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+17.2%).

Pyrotechnic Articles Imports

Imports in the Middle East

In 2021, approx. X tons of signalling flares, rain rockets, fog signals and other pyrotechnic articles were imported in the Middle East; declining by -18.1% against the previous year. Over the period under review, imports saw a deep contraction. The growth pace was the most rapid in 2013 with an increase of 50%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, pyrotechnic articles imports fell to $X in 2021. In general, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2017 when imports increased by 56% 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 main importing country with an import of about X tons, which recorded 51% of total imports. Israel (X tons) ranks second in terms of the total imports with a 14% share, followed by Turkey (13%) and Oman (7.6%). Lebanon (X tons), Qatar (X tons) and Iraq (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of +2.7% from 2012 to 2021. At the same time, Turkey (+3.1%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +3.1% from 2012-2021. Qatar and Oman experienced a relatively flat trend pattern. By contrast, Israel (-2.3%), Lebanon (-23.0%) and Iraq (-24.7%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+33 p.p.), Turkey (+8.8 p.p.), Israel (+6.3 p.p.), Oman (+3.8 p.p.) and Qatar (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Iraq (-10.1 p.p.) and Lebanon (-16.4 p.p.) displayed negative dynamics.

In value terms, the largest pyrotechnic articles importing markets in the Middle East were the United Arab Emirates ($X), Oman ($X) and Israel ($X), with a combined 82% share of total imports.

In terms of the main importing countries, Oman, with a CAGR of +4.4%, saw 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 2021, increasing by 6.9% against the previous year. Import price indicated a modest increase 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 +37.0% against 2019 indices. The pace of growth was the most pronounced in 2014 when the import price increased by 60%. The level of import peaked in 2021 and is likely to continue growth in years to come.

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

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