South-Eastern Asia: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in South-Eastern Asia

The Southeast Asian pyrotechnic articles market stood at $X in 2021, rising by 6.2% against the previous year. Over the period under review, consumption continues to indicate a abrupt setback. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Pyrotechnic Articles Production in South-Eastern Asia

In value terms, pyrotechnic articles production rose modestly to $X in 2021 estimated in export price. Overall, production, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2019 when the production volume increased by 100%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Pyrotechnic Articles Exports

Exports in South-Eastern Asia

Pyrotechnic articles exports fell notably to X tons in 2021, with a decrease of -30.6% compared with the previous year's figure. Overall, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of 62%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, pyrotechnic articles exports reduced notably to $X in 2021. Over the period under review, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 113%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand was the main exporter of signalling flares, rain rockets, fog signals and other pyrotechnic articles in South-Eastern Asia, with the volume of exports reaching X tons, which was near 76% of total exports in 2021. It was distantly followed by Singapore (X tons), constituting a 20% share of total exports. Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to pyrotechnic articles exports from Thailand stood at -2.0%. At the same time, Singapore (+6.6%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +6.6% from 2012-2021. By contrast, Indonesia (-7.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Singapore increased by +11 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest pyrotechnic articles supplier in South-Eastern Asia, comprising 78% of total exports. The second position in the ranking was taken by Thailand ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Singapore amounted to +12.0%. In the other countries, the average annual rates were as follows: Thailand (+4.6% per year) and Indonesia (-6.8% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, falling by -51.2% against the previous year. Overall, the export price, however, saw strong growth. The pace of growth was the most pronounced in 2016 when the export price increased by 122%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.7%), while the other leaders experienced more modest paces of growth.

Pyrotechnic Articles Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of signalling flares, rain rockets, fog signals and other pyrotechnic articles were imported in South-Eastern Asia; shrinking by -78.7% against the previous year's figure. In general, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 when imports increased by 88%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, pyrotechnic articles imports dropped modestly to $X in 2021. Over the period under review, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 60%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Singapore was the key importer of signalling flares, rain rockets, fog signals and other pyrotechnic articles in South-Eastern Asia, with the volume of imports recording X tons, which was near 54% of total imports in 2021. Malaysia (X tons) held the second position in the ranking, followed by Thailand (X tons). All these countries together took approx. 38% share of total imports. The following importers - Vietnam (X tons), Cambodia (X tons) and Indonesia (X tons) - each resulted at a 5.8% share of total imports.

Imports into Singapore decreased at an average annual rate of -9.7% from 2012 to 2021. At the same time, Cambodia (+21.2%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +21.2% from 2012-2021. By contrast, Malaysia (-3.2%), Vietnam (-4.8%), Indonesia (-6.2%) and Thailand (-32.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Singapore, Malaysia, Cambodia and Vietnam increased by +36, +17, +2 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported signalling flares, rain rockets, fog signals and other pyrotechnic articles in South-Eastern Asia, comprising 56% of total imports. The second position in the ranking was held by Thailand ($X), with a 17% share of total imports. It was followed by Malaysia, with a 12% share.

In Singapore, pyrotechnic articles imports decreased by an average annual rate of -3.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Thailand (-2.2% per year) and Malaysia (-12.5% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, growing by 369% against the previous year. In general, the import price posted a buoyant expansion. As a result, import 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 importers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($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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