Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in South Korea - 2022

Contents:

1. Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in South Korea (CIF) - 2022
2. Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in South Korea (FOB) - 2022
3. Imports of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in South Korea
4. Exports of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in South Korea

Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in South Korea (CIF) - 2022

The average import price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses stood at $4,914 per ton in 2022, increasing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The pace of growth was the most pronounced in 2014 an increase of 28%. As a result, import price reached the peak level of $5,178 per ton. From 2015 to 2022, 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 the United States ($11,072 per ton), while the price for China totaled $4,129 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.0%).

Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in South Korea (FOB) - 2022

In 2022, the average export price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses amounted to $398,594 per ton, growing by 181% against the previous year. Over the period under review, the export price enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 361%. The export price peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +22.6% per year.

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

Imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses into South Korea stood at 1.3K tons in 2022, with an increase of 7% on the previous year. In general, imports, however, showed a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of 22%.

In value terms, imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses skyrocketed to $6.5M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 26% against the previous year.

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

1. China (1250.0 tons)
2. United States (58.8 tons)

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

Exports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses from South Korea reduced notably to 869 kg in 2022, waning by -76.4% on the previous year's figure. Overall, exports continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 92% against the previous year.

In value terms, exports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses declined sharply to $346K in 2022. Over the period under review, exports recorded a precipitous decline. The pace of growth was the most pronounced in 2021 when exports increased by 784% against the previous year.

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

1. United Arab Emirates (856.0 kg)

Source: IndexBox Market Intelligence Platform