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

Contents:

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

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

The average export price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses stood at $128,287 per ton in 2022, surging by 2,210% against the previous year. In general, the export price posted a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($2,141,040 per ton), while the average price for exports to Afghanistan ($625 per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+544.9%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses stood at $2,650 per ton in 2022, with a decrease of -48.8% against the previous year. In general, the import price, however, saw a perceptible expansion. The pace of growth was the most pronounced in 2020 an increase of 224% against the previous year. As a result, import price reached the peak level of $8,075 per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +91.5% per year.

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

In 2022, the amount of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses exported from Pakistan rose notably to 43 tons, with an increase of 5.5% on 2021 figures. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 159% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses skyrocketed to $5.5M in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Nigeria (40.0 tons)
2. Turkey (2.5 tons)
3. Afghanistan (0.1 tons)

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

In 2022, approx. 13 tons of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses were imported into Pakistan; picking up by 2.1% on the year before. Overall, imports, however, faced a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 491% against the previous year.

In value terms, imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses shrank notably to $33K in 2022. In general, imports, however, continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 279%.

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

1. China (12.6 tons)

Source: IndexBox Market Intelligence Platform