Portugal: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Portugal

The Portuguese pyrotechnic articles market soared to $X in 2021, growing by 29% against the previous year. In general, consumption recorded a buoyant expansion. Pyrotechnic articles consumption peaked in 2021 and is expected to retain growth in years to come.

Pyrotechnic Articles Production in Portugal

In value terms, pyrotechnic articles production totaled $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable contraction. Pyrotechnic articles production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Pyrotechnic Articles Exports

Exports from Portugal

In 2021, shipments abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles increased by 178% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, faced a sharp contraction. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, pyrotechnic articles exports shrank dramatically to $X in 2021. In general, exports, however, showed a dramatic slump. The most prominent rate of growth was recorded in 2020 when exports increased by 124% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for pyrotechnic articles exports from Portugal, with a 94% share of total exports. It was followed by Malta (X kg), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to France totaled +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (0.0% per year) and Cabo Verde (-15.4% per year).

In value terms, the largest markets for pyrotechnic articles exported from Portugal were France ($X), Malta ($X) and Cabo Verde ($X), with a combined 60% share of total exports.

France, with a CAGR of +12.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average pyrotechnic articles export price amounted to $X per ton, with a decrease of -87% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by 2,071% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cabo Verde ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.

Pyrotechnic Articles Imports

Imports into Portugal

In 2021, approx. X tons of signalling flares, rain rockets, fog signals and other pyrotechnic articles were imported into Portugal; rising by 34% compared with 2020 figures. Overall, imports recorded prominent growth. The growth pace was the most rapid in 2019 with an increase of 113% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, pyrotechnic articles imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2019 with an increase of 146% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Spain (X tons) constituted the largest pyrotechnic articles supplier to Portugal, with a 84% share of total imports. Moreover, pyrotechnic articles imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. France (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled +62.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.3% per year) and France (+37.9% per year).

In value terms, Spain ($X) constituted the largest supplier of signalling flares, rain rockets, fog signals and other pyrotechnic articles to Portugal, comprising 74% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by France, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +58.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.9% per year) and France (+40.5% per year).

Import Prices by Country

In 2021, the average pyrotechnic articles import price amounted to $X per ton, almost unchanged from the previous year. Overall, the import price, however, faced a deep contraction. The growth pace was the most rapid in 2015 when the average import price increased by 61%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($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 (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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