Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Malaysia - 2024

Contents:

1. Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Malaysia (CIF) - 2024
2. Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Malaysia (FOB) - 2022
3. Imports of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Malaysia
4. Exports of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Malaysia

Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Malaysia (CIF) - 2024

The average import price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses stood at $830 per ton in January 2024, shrinking by -10.3% against the previous month. Overall, the import price showed a slight descent. The most prominent rate of growth was recorded in June 2023 an increase of 112% month-to-month. As a result, import price attained the peak level of $2,142 per ton. From July 2023 to January 2024, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From January 2023 to January 2024, the rate of growth in terms of prices for China amounted to -0.5% per month.

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

The average export price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses stood at $9,743 per ton in 2022, declining by -42.1% against the previous year. In general, the export price recorded a pronounced slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 76%. The export price peaked at $22,164 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($23,006 per ton), while the average price for exports to Bangladesh ($301 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 Brunei Darussalam (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses into Malaysia dropped to 9.3K tons in 2022, with a decrease of -11.2% against the previous year. Over the period under review, imports saw a mild curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 66% against the previous year. As a result, imports reached the peak of 10K tons, and then fell in the following year.

In value terms, imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses declined significantly to $21M in 2022. Overall, total imports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +2.2% 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 +54.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 84%. As a result, imports reached the peak of $26M, and then dropped markedly in the following year.

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

1. China (9.2K tons)

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

In 2022, overseas shipments of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses were finally on the rise to reach 20 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a sharp reduction.

In value terms, exports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses soared to $191K in 2022. In general, exports, however, continue to indicate a significant decline.

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

1. Singapore (6.8 tons)
2. Bangladesh (5.7 tons)
3. Indonesia (3.0 tons)
4. New Zealand (2.2 tons)
5. Australia (1.9 tons)

Source: IndexBox Market Intelligence Platform