Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in China - 2023

Contents:

1. Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in China (FOB) - 2023
2. Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in China (CIF) - 2023
3. Exports of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in China
4. Imports of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in China

Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in China (FOB) - 2023

In December 2023, the average export price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses amounted to $2,864 per ton, increasing by 3% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 4.7% against the previous month. The export price peaked at $3,028 per ton in March 2023; however, from April 2023 to December 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was the UK ($4,264 per ton), while the average price for exports to Thailand ($2,136 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in China (CIF) - 2023

The average import price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses stood at $106K per ton in December 2023, surging by 3.7% against the previous month. Over the period under review, the import price continues to indicate modest growth. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 14% month-to-month. As a result, import price attained the peak level of $108K per ton. From October 2023 to December 2023, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to +0.4% per month.

Exports of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in China

In 2022, exports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses from China skyrocketed to 408K tons, increasing by 35% against 2021. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses skyrocketed to $1.1B in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.7% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles from China in 2022:

1. United States (197.2K tons)
2. Malaysia (22.2K tons)
3. Thailand (17.0K tons)
4. Poland (15.9K tons)
5. Indonesia (15.7K tons)
6. Russia (13.5K tons)
7. Italy (12.4K tons)
8. United Kingdom (11.0K tons)
9. Taiwan (Chinese) (9.0K tons)
10. Czech Republic (7.9K tons)
11. Netherlands (6.8K tons)
12. Germany (6.7K tons)

Imports of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in China

In 2022, the amount of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses imported into China reduced markedly to 30 tons, waning by -41.1% compared with 2021. Over the period under review, imports showed a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 149% against the previous year. As a result, imports reached the peak of 50 tons, and then dropped rapidly in the following year.

In value terms, imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses fell sharply to $2.9M in 2022. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 116% against the previous year. As a result, imports attained the peak of $5.1M, and then shrank sharply in the following year.

Top Suppliers of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles to China in 2022:

1. United States (26.7 tons)
2. Germany (2.6 tons)

Source: IndexBox Market Intelligence Platform