Pakistan: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Pakistan

The Pakistani pyrotechnic articles market surged to $X in 2021, picking up by 17% against the previous year. Over the period under review, consumption, however, showed a abrupt decrease. Pyrotechnic articles consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Pyrotechnic Articles Production in Pakistan

In value terms, pyrotechnic articles production soared to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep setback. The growth pace was the most rapid in 2019 with an increase of 47% against the previous year. Pyrotechnic articles production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Pyrotechnic Articles Exports

Exports from Pakistan

In 2021, shipments abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles decreased by -5.4% to X kg, falling for the third consecutive year after two years of decline. In general, exports, however, saw resilient growth. The growth pace was the most rapid in 2016 when exports increased by 31%. The exports peaked at X kg in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, pyrotechnic articles exports shrank slightly to $X in 2021. Over the period under review, exports, however, saw modest growth. The pace of growth appeared the most rapid in 2019 when exports increased by 6.2%. Over the period under review, the exports reached the peak figure at $X in 2020, and then shrank modestly in the following year.

Exports by Country

Nigeria (X kg) and Afghanistan (X kg) were the main destinations of pyrotechnic articles exports from Pakistan.

From 2015 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Afghanistan (with a CAGR of 0.0%).

In value terms, Nigeria ($X) emerged as the key foreign market for signalling flares, rain rockets, fog signals and other pyrotechnic articles exports from Pakistan, comprising 71% of total exports. The second position in the ranking was taken by Afghanistan ($X), with a 1.8% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of value to Nigeria was relatively modest.

Export Prices by Country

In 2021, the average pyrotechnic articles export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Afghanistan stood at $X per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrotechnic Articles Imports

Imports into Pakistan

In 2021, approx. X kg of signalling flares, rain rockets, fog signals and other pyrotechnic articles were imported into Pakistan; with an increase of 76% compared with the year before. In general, imports, however, saw a deep reduction. The pace of growth was the most pronounced in 2015 when imports increased by 331% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, pyrotechnic articles imports soared to $X in 2021. Overall, imports posted a buoyant increase. The pace of growth was the most pronounced in 2015 when imports increased by 590%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

The United States (X kg), Germany (X kg) and France (X kg) were the main suppliers of pyrotechnic articles imports to Pakistan, with a combined 99% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +16.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), France ($X) and the United States ($X) appeared to be the largest pyrotechnic articles suppliers to Pakistan, together comprising 100% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +61.0%, saw the highest growth rate of 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

In 2021, the average pyrotechnic articles import price amounted to $X per ton, waning by -2% against the previous year. Over the period under review, the import price, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 an increase of 206% against the previous year. The import price peaked at $X per ton in 2020, and then declined slightly in the following year.

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 France ($X per ton), while the price for the United States ($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 (+38.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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