Global Fireworks Market 2024

Fireworks Market Size

In 2023, the global fireworks market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption saw a perceptible decline. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the global market remained at a somewhat lower figure.

Fireworks Production

In value terms, fireworks production contracted to $X in 2023 estimated in export price. Overall, production recorded a slight setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, global production growth failed to regain momentum.

Fireworks Exports

Exports

After two years of growth, shipments abroad of fireworks decreased by X% to X tons in 2023. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the exports attained the peak of X tons, and then reduced slightly in the following year.

In value terms, fireworks exports expanded modestly to $X in 2023. Overall, total exports indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The global exports peaked in 2023 and are expected to retain growth in years to come.

Exports by Country

China represented the key exporter of fireworks in the world, with the volume of exports finishing at X tons, which was near X% of total exports in 2023. It was distantly followed by the Netherlands (X tons), committing a X% share of total exports. Germany (X tons) took a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of fireworks. At the same time, the Netherlands (X%) and Germany (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. The Netherlands (X p.p.) significantly strengthened its position in terms of the global exports, while China saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest fireworks supplier worldwide, comprising X% of global exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of global exports.

From 2012 to 2023, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Germany (X% per year).

Export Prices by Country

The average fireworks export price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2023 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other global leaders experienced mixed trends in the export price figures.

Fireworks Imports

Imports

After two years of growth, purchases abroad of fireworks decreased by X% to X tons in 2023. Over the period under review, imports, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, fireworks imports declined to $X in 2023. In general, total imports indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2023, the United States (X tons) represented the key importer of fireworks, committing X% of total imports. The Netherlands (X tons) ranks second in terms of the total imports with a X% share, followed by Germany (X%). Italy (X tons), Malaysia (X tons), Thailand (X tons), Russia (X tons), Indonesia (X tons), Poland (X tons) and the UK (X tons) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to fireworks imports into the United States stood at X%. At the same time, Malaysia (X%), the Netherlands (X%), Italy (X%) and Poland (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Germany experienced a relatively flat trend pattern. By contrast, Thailand (X%), Russia (X%), Indonesia (X%) and the UK (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), the United States (X p.p.), Malaysia (X p.p.) and Italy (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of Russia (X p.p.), the UK (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported fireworks worldwide, comprising X% of global imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the United States, fireworks imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the average fireworks import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 an increase of X%. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform