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

Contents:

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

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

In 2022, the average import price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses amounted to $1,702 per ton, rising by 9.6% against the previous year. Overall, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 an increase of 282% against the previous year. The import price peaked at $7,711 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 China amounted to +4.4% per year.

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

In 2022, the average export price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses amounted to $5,361 per ton, shrinking by -54.9% against the previous year. In general, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2017 an increase of 754%. As a result, the export price reached the peak level of $58,019 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($11,862 per ton), while the average price for exports to Venezuela ($3,628 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 the United States (+8.2%), 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 Panama

Imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses into Panama surged to 805 tons in 2022, jumping by 136% compared with the previous year. In general, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 334%.

In value terms, imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses surged to $1.4M in 2022. Overall, imports, however, recorded a deep downturn.

Import of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,86894.85241,316-11.0%
Others2583176.054.6-40.4%
Total2,1264125301,370-13.6%

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

  1. China (792.8 tons)

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

Exports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses from Panama skyrocketed to 41 tons in 2022, jumping by 2,191% on 2021. In general, exports showed significant growth. As a result, the exports attained 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 skyrocketed to $220K in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
CuracaoN/AN/AN/A1280%
VenezuelaN/AN/AN/A74.90%
Costa Rica14.616.8N/A17.25.6%
Free Zones10.431.0N/AN/A198.1%
ColombiaN/A2.321.3N/A826.1%
Others46.671.4N/AN/A53.2%
Total71.612121.322045.4%

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

  1. Venezuela (20.7 tons)
  2. Curacao (19.0 tons)
  3. Costa Rica (1.4 tons)

Source: IndexBox Market Intelligence Platform

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