Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Guatemala - 2023

Contents:

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

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

The average import price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses stood at $3,227 per ton in 2022, picking up by 1.7% against the previous year. Overall, the import price posted strong growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 56% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 El Salvador ($4,971 per ton), while the price for China stood at $3,083 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.9%), 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 Guatemala (FOB) - 2022

The average export price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses stood at $2,071 per ton in 2022, falling by -20.4% against the previous year. Overall, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 an increase of 53%. As a result, the export price attained the peak level of $2,602 per ton, and then shrank remarkably in the following year.

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 China ($7,403 per ton), while the average price for exports to Nicaragua ($444 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+1.1%), 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 Guatemala

In 2022, after two years of decline, there was significant growth in purchases abroad of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses, when their volume increased by 133% to 6.1K tons. Overall, imports showed a temperate expansion. 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 $20M in 2022. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (5.7K tons)
2. El Salvador (0.5K tons)

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

In 2022, shipments abroad of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses was finally on the rise to reach 487 tons after two years of decline. The total export volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 rose rapidly to $1M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. Honduras (273.0 tons)
2. El Salvador (118.6 tons)
3. Nicaragua (78.0 tons)
4. China (17.7 tons)

Source: IndexBox Market Intelligence Platform