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

Contents:

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

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

The average import price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses stood at $6,614 per ton in 2022, declining by -79.2% against the previous year. Overall, the import price showed a abrupt downturn. The pace of growth was the most pronounced in 2017 an increase of 163% against the previous year. Over the period under review, average import prices reached the peak figure at $59,325 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($43,250 per ton), while the price for China stood at $5,313 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses amounted to $61,725 per ton, falling by -26.1% against the previous year. In general, the export price, however, continues to indicate a noticeable increase. The pace of growth appeared the most rapid in 2018 an increase of 313% against the previous year. Over the period under review, the average export prices attained the maximum at $120,697 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($138,333 per ton), while the average price for exports to Saudi Arabia totaled $39,889 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+20.2%), while the prices for the other major destinations experienced a decline.

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

For the fourth year in a row, Bahrain recorded growth in overseas purchases of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses, which increased by 508% to 66 tons in 2022. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses soared to $437K in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

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

1. China (63.6 tons)
2. Sweden (1.3 tons)
3. United States (0.8 tons)

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

In 2022, the amount of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses exported from Bahrain soared to 1.9 tons, picking up by 232% compared with the year before. Overall, exports enjoyed a significant increase. As a result, the exports reached 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 $119K in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 212% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

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

1. Saudi Arabia (18.0 kg)
2. United Kingdom (12.0 kg)

Source: IndexBox Market Intelligence Platform