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

Contents:

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

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

The average export price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses stood at $8,503 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price showed a pronounced slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 16% against the previous year. The export price peaked at $13,492 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to -2.0% per year.

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

The average import price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses stood at $50,332 per ton in 2022, growing by 8.2% against the previous year. In general, the import price posted a buoyant increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 241%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($50,332 per ton), while the price for Sweden totaled $50,331 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.7%).

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

After two years of decline, shipments abroad of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses increased by 604% to 89 tons in 2022. Overall, exports, however, saw a relatively flat trend pattern.

In value terms, exports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses surged to $756K in 2022. In general, exports, however, faced a deep downturn.

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

1. Japan (88.9 tons)

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

In 2022, the amount of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses imported into Vietnam skyrocketed to 12 tons, rising by 16% on the previous year's figure. Over the period under review, imports, however, saw a significant decrease.

In value terms, imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses surged to $595K in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +104.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 63%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.

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

1. China (11.3 tons)
2. Sweden (0.6 tons)

Source: IndexBox Market Intelligence Platform