Saudi Arabia: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Saudi Arabia

The Saudi pyrotechnic articles market surged to $X in 2021, increasing by 20% against the previous year. Overall, consumption continues to indicate a measured expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Pyrotechnic Articles Production in Saudi Arabia

In value terms, pyrotechnic articles production soared to $X in 2021 estimated in export price. Over the period under review, production enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 48% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Pyrotechnic Articles Exports

Exports from Saudi Arabia

In 2021, shipments abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles increased by 16% to X kg, rising for the third year in a row after three years of decline. Over the period under review, exports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2014 when exports increased by 415% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, pyrotechnic articles exports contracted to $X in 2021. Overall, exports, however, continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2014 when exports increased by 369% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X kg) was the main destination for pyrotechnic articles exports from Saudi Arabia, with a 96% share of total exports. Moreover, pyrotechnic articles exports to the United Arab Emirates exceeded the volume sent to the second major destination, Singapore (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at -13.5%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for signalling flares, rain rockets, fog signals and other pyrotechnic articles exports from Saudi Arabia, comprising 86% of total exports. The second position in the ranking was held by Singapore ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled -3.6%.

Export Prices by Country

In 2021, the average pyrotechnic articles export price amounted to $X per ton, which is down by -14.4% against the previous year. Over the period under review, the export price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 129% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to the United Arab Emirates totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+51.6%).

Pyrotechnic Articles Imports

Imports into Saudi Arabia

After two years of growth, purchases abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles decreased by -76.4% to X tons in 2014. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2013 with an increase of 2,205% against the previous year. As a result, imports reached the peak of X tons, and then fell sharply in the following year.

In value terms, pyrotechnic articles imports contracted significantly to $X in 2014. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,344% against the previous year. As a result, imports attained the peak of $X, and then plummeted in the following year.

Imports by Country

In 2014, the United States (X tons) was the main pyrotechnic articles supplier to Saudi Arabia, with a 93% share of total imports. Moreover, pyrotechnic articles imports from the United States exceeded the figures recorded by the second-largest supplier, Sweden (X tons), more than tenfold.

From 2012 to 2014, the average annual growth rate of volume from the United States amounted to +32.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (0.0% per year) and Germany (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of signalling flares, rain rockets, fog signals and other pyrotechnic articles to Saudi Arabia, comprising 83% of total imports. The second position in the ranking was held by Germany ($X), with a 7.6% share of total imports.

From 2012 to 2014, the average annual rate of growth in terms of value from the United States stood at +223.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (0.0% per year) and Sweden (0.0% per year).

Import Prices by Country

The average pyrotechnic articles import price stood at $X per ton in 2014, rising by 22% against the previous year. In general, the import price, however, showed a deep slump. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2014, 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 ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2014, the most notable rate of growth in terms of prices was attained by Germany (+41.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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