Report Republic of Korea - Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles - Market Analysis, Forecast, Size, Trends and Insights for 499$

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Republic of Korea - Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Republic of Korea

The South Korean pyrotechnic articles market stood at $X in 2021, picking up by 4.8% against 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). Overall, consumption showed a noticeable downturn. Pyrotechnic articles consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Pyrotechnic Articles Exports

Exports from Republic of Korea

For the fourth year in a row, South Korea recorded decline in shipments abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles, which decreased by -11.3% to X tons in 2021. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by 75% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, pyrotechnic articles exports surged to $X in 2021. In general, exports showed a deep contraction. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Fiji (X tons), the United Arab Emirates (X tons) and the United States (X kg) were the main destinations of pyrotechnic articles exports from South Korea, with a combined 100% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Fiji (with a CAGR of +186.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Fiji ($X) emerged as the key foreign market for signalling flares, rain rockets, fog signals and other pyrotechnic articles exports from South Korea, comprising 81% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Fiji totaled +46.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-24.5% per year) and the United States (+6.3% per year).

Export Prices by Country

In 2021, the average pyrotechnic articles export price amounted to $X per ton, picking up by 144% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($X per ton), while the average price for exports to the United Arab Emirates ($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 Thailand (+57.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrotechnic Articles Imports

Imports into Republic of Korea

In 2021, overseas purchases of signalling flares, rain rockets, fog signals and other pyrotechnic articles decreased by -11.6% to X tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2019 with an increase of 115%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, pyrotechnic articles imports surged to $X in 2021. Over the period under review, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 60% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and Sweden (X tons) were the main suppliers of pyrotechnic articles imports to South Korea, with a combined 88% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +15.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest pyrotechnic articles suppliers to South Korea were China ($X), the United States ($X) and Singapore ($X), with a combined 60% share of total imports.

In terms of the main suppliers, Singapore, with a CAGR of +16.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average pyrotechnic articles import price amounted to $X per ton, with an increase of 71% against the previous year. In general, the import price, however, showed a deep contraction. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+41.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for signalling flares, rain rockets, fog signals and other pyrotechnic articles in the world?

The countries with the highest volumes of pyrotechnic articles consumption in 2021 were China, the United States and India, together comprising 45% of global consumption. The UK, Pakistan, Brazil, Indonesia, Russia, Afghanistan, Mexico, France, Ethiopia and Turkey lagged somewhat behind, together comprising a further 29%.

What are the largest producers of signalling flares, rain rockets, fog signals and other pyrotechnic articles in the world?

China constituted the country with the largest volume of pyrotechnic articles production, accounting for 25% of total volume. Moreover, pyrotechnic articles production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 7.6% share.

What are the leading suppliers of signalling flares, rain rockets, fog signals and other pyrotechnic articles to Republic of Korea?

In value terms, Singapore constituted the largest supplier of pyrotechnic articles to South Korea, comprising 92% of total imports. The second position in the ranking was occupied by the United States, with a 3.7% share of total imports. It was followed by China, with a 2.3% share.

What are the leading importers of signalling flares, rain rockets, fog signals and other pyrotechnic articles from Republic of Korea?

In value terms, Fiji, the United Arab Emirates and Hong Kong SAR constituted the largest markets for pyrotechnic articles exported from South Korea worldwide, together accounting for 75% of total exports. Thailand, Japan, the United States and Namibia lagged somewhat behind, together comprising a further 22%.

What is the average export price for signalling flares, rain rockets, fog signals and other pyrotechnic articles in Republic of Korea?

In 2021, the average pyrotechnic articles export price amounted to $48,319 per ton, rising by 34% against the previous year.

What is the average import price for signalling flares, rain rockets, fog signals and other pyrotechnic articles in Republic of Korea?

The average pyrotechnic articles import price stood at $11,780 per ton in 2021, declining by -21.7% against the previous year.

This report provides an in-depth analysis of the pyrotechnic articles market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20511400 - Signalling flares, rain rockets, fog signals and other pyrotechnic articles (excluding fireworks)

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023