Puerto Rico: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Puerto Rico

The Puerto Rican pyrotechnic articles market was estimated at less than $X in 2021, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern.

Pyrotechnic Articles Exports

Exports from Puerto Rico

In 2021, approx. less than X kg of signalling flares, rain rockets, fog signals and other pyrotechnic articles were exported from Puerto Rico; approximately reflecting 2020 figures. In general, exports saw a relatively flat trend pattern.

In value terms, pyrotechnic articles exports totaled less than $X in 2021. Overall, exports recorded a relatively flat trend pattern.

Exports by Country

In 2021, Germany (X tons), distantly followed by the United States (X tons), France (X tons), Thailand (X tons), the UK (X tons), the Czech Republic (X tons), Italy (X tons), El Salvador (X tons) and Israel (X tons) represented the main exporters of signalling flares, rain rockets, fog signals and other pyrotechnic articles, together making up 79% of total exports. Sweden (X tons), China (X tons), Spain (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for El Salvador (with a CAGR of +18.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest pyrotechnic articles supplying countries from Puerto Rico were France ($X), Germany ($X) and the United States ($X), with a combined 62% share of total exports. The UK, Israel, the Czech Republic, Sweden, Singapore, Italy, Spain, China, Thailand and El Salvador lagged somewhat behind, together accounting for a further 32%.

In terms of the main exporting countries, El Salvador, with a CAGR of +18.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, remaining constant against the previous year. Overall, the export price recorded a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+28.8%), while the other leaders experienced more modest paces of growth.

Pyrotechnic Articles Imports

Imports into Puerto Rico

In 2021, the amount of signalling flares, rain rockets, fog signals and other pyrotechnic articles imported into Puerto Rico amounted to less than X kg, almost unchanged from 2020 figures. Overall, imports recorded a relatively flat trend pattern.

In value terms, pyrotechnic articles imports stood at less than $X in 2021. In general, imports showed a relatively flat trend pattern.

Imports by Country

The United States was the major importing country with an import of around X tons, which amounted to 40% of total imports. Afghanistan (X tons) took the second position in the ranking, followed by Guatemala (X tons) and Thailand (X tons). All these countries together held near 15% share of total imports. Canada (X tons), the UK (X tons), Australia (X tons), Spain (X tons), France (X tons), Germany (X tons), the Netherlands (X tons), Singapore (X tons) and Denmark (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to pyrotechnic articles imports into the United States stood at +7.7%. At the same time, Afghanistan (+70.3%), Denmark (+15.5%), the Netherlands (+11.6%) and Canada (+9.1%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in the world, with a CAGR of +70.3% from 2012-2021. By contrast, Spain (-2.4%), the UK (-3.1%), France (-6.3%), Guatemala (-9.1%), Singapore (-9.7%), Germany (-12.2%), Australia (-13.2%) and Thailand (-32.0%) illustrated a downward trend over the same period. While the share of the United States (+23 p.p.), Afghanistan (+9.2 p.p.) and Canada (+2.8 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Singapore (-1.8 p.p.), Germany (-3.1 p.p.), Guatemala (-4.6 p.p.), Australia (-5.8 p.p.) and Thailand (-13.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X), the United States ($X) and Afghanistan ($X) constituted the countries with the highest levels of imports in 2021, with a combined 29% share of total imports.

Among the main importing countries, Afghanistan, with a CAGR of +51.2%, 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

The import price in Puerto Rico stood at less than $X per ton in 2021, leveling off at the previous year. Over the period under review, the import price saw a relatively flat trend pattern.

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 the Netherlands ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+43.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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