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

Contents:

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

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

The average import price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses stood at $11,517 per ton in 2022, growing by 28% against the previous year. In general, the import price showed a strong increase. The pace of growth was the most pronounced in 2018 an increase of 73% against the previous year. As a result, import price reached the peak level of $19,274 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($97,097 per ton), while the price for Malaysia ($378 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (+73.9%), 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 Bangladesh (FOB) - 2022

In 2022, the average export price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses amounted to $18,750 per ton, picking up by 32% against the previous year. In general, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2020 an increase of 42% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +19.1% per year.

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

In 2022, the amount of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses imported into Bangladesh skyrocketed to 32 tons, rising by 82% on the year before. Overall, imports, however, showed a abrupt curtailment.

In value terms, imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses surged to $370K in 2022. Over the period under review, imports, however, faced a abrupt downturn.

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

1. Hong Kong SAR (11.0 tons)
2. India (8.6 tons)
3. Germany (3.1 tons)
4. Malaysia (3.0 tons)
5. United States (2.7 tons)
6. Brazil (0.2 tons)

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

For the third consecutive year, Bangladesh recorded decline in overseas shipments of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses, which decreased by -20% to 4 kg in 2022. Over the period under review, exports saw a significant contraction. The smallest decline of -16.7% was in 2021.

In value terms, exports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses rose notably to $75 in 2022. The total export value increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 6.3%. The exports peaked in 2022 and are likely to see steady growth in the near future.

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

1. Singapore (4.0 kg)

Source: IndexBox Market Intelligence Platform