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

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Sri Lanka - Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Sri Lanka

In 2021, the Sri Lankan pyrotechnic articles market decreased by -76.7% to $X, falling for the fourth consecutive year after three years of growth. In general, consumption saw a sharp setback. Pyrotechnic articles consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Pyrotechnic Articles Exports

Exports from Sri Lanka

In 2021, approx. X kg of signalling flares, rain rockets, fog signals and other pyrotechnic articles were exported from Sri Lanka; falling by -8% on 2020 figures. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 5,950% against the previous year. As a result, the exports attained the peak of X kg. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, pyrotechnic articles exports soared to $X in 2021. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 2,220%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Maldives (X kg) and Singapore (X kg) were the main destinations of pyrotechnic articles exports from Sri Lanka.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +25.5%).

In value terms, Maldives ($X) remains the key foreign market for signalling flares, rain rockets, fog signals and other pyrotechnic articles exports from Sri Lanka, comprising 65% of total exports. The second position in the ranking was held by Singapore ($X), with an 8.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Maldives amounted to +26.8%.

Export Prices by Country

In 2021, the average pyrotechnic articles export price amounted to $X per ton, rising by 103% against the previous year. Over the period under review, the export price saw a prominent increase. The growth pace was the most rapid in 2019 an increase of 113%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Singapore amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+7.1%).

Pyrotechnic Articles Imports

Imports into Sri Lanka

In 2021, supplies from abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles decreased by -50% to X kg, falling for the fourth year in a row after three years of growth. Over the period under review, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 453%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, pyrotechnic articles imports reduced sharply to $X in 2021. Overall, imports recorded a abrupt contraction. The growth pace was the most rapid in 2015 when imports increased by 498%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

India (X kg), Sweden (X kg) and Germany (X kg) were the main suppliers of pyrotechnic articles imports to Sri Lanka, with a combined 88% share of total imports. China, the UK, Singapore and the United States lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +3.2%), while purchases for the other leaders experienced a decline.

In value terms, the largest pyrotechnic articles suppliers to Sri Lanka were Sweden ($X), India ($X) and Germany ($X), together comprising 71% of total imports. These countries were followed by Singapore, the United States, China and the UK, which together accounted for a further 29%.

China, with a CAGR of +24.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average pyrotechnic articles import price amounted to $X per ton, declining by -6.1% against the previous year. Overall, the import price, however, saw buoyant growth. The growth pace was the most rapid in 2018 an increase of 164% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average 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 ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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. These countries were followed by the UK, Pakistan, Brazil, Indonesia, Russia, Afghanistan, Mexico, France, Ethiopia and Turkey, which together accounted for a further 29%.

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

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

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

In value terms, Singapore constituted the largest supplier of pyrotechnic articles to Sri Lanka, comprising 55% of total imports. The second position in the ranking was occupied by Germany, with a 16% share of total imports. It was followed by India, with a 15% share.

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

In value terms, Maldives $368) remains the key foreign market for pyrotechnic articles exports from Sri Lanka.

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

The average pyrotechnic articles export price stood at $26,286 per ton in 2021, shrinking by -2.6% against the previous year.

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

In 2021, the average pyrotechnic articles import price amounted to $101,404 per ton, growing by 53% against the previous year.

This report provides an in-depth analysis of the pyrotechnic articles market in Sri Lanka. 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:

Sri Lanka

Data coverage:

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

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
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
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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