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

Contents:

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

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

In 2022, the average import price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses amounted to $61,500 per ton, surging by 823% against the previous year. Over the period under review, the import price continues to indicate a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +11.4% per year.

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

In 2022, imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses into Myanmar fell markedly to 2 kg, with a decrease of 99.9% against the previous year's figure. Overall, imports saw a significant decrease. The growth pace was the most rapid in 2021 when imports increased by 18,468% against the previous year. As a result, imports reached the peak of 94 tons, and then dropped dramatically in the following year.

In value terms, imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses declined rapidly to $123 in 2022. Over the period under review, imports faced a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 3,107% against the previous year. As a result, imports attained the peak of $624K, and then fell notably in the following year.

Import of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand2.92.15.90.1-67.5%
Russia76.315.073.7N/A-1.7%
China2561.1529N/A43.8%
Others0.11.315.7N/A1153.0%
Total33619.56240.1-93.3%

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

  1. Thailand (2.0 kg)

Source: IndexBox Market Intelligence Platform

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