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

Contents:

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

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

In 2022, the average import price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses amounted to $1,906 per ton, with a decrease of -83.5% against the previous year. Over the period under review, the import price recorded a abrupt setback. The growth pace was the most rapid in 2021 an increase of 172%. The import price peaked at $15,875 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the United States ($67,936 per ton), while the price for China ($915 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.3%), 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 the Philippines (FOB) - 2022

The average export price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses stood at $1,852,000 per ton in 2022, increasing by 6,240% against the previous year. Over the period under review, the export price recorded significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +2,274.4% per year.

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

After two years of decline, purchases abroad of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses increased by 216% to 56 tons in 2022. Overall, imports, however, faced a deep reduction.

In value terms, imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses fell sharply to $106K in 2022. In general, imports, however, recorded a dramatic contraction. The growth pace was the most rapid in 2021 with an increase of 139%.

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

1. China (54.0 tons)
2. Singapore (0.7 tons)

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

In 2022, shipments abroad of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses decreased by -98.4% to 1 kg, falling for the second consecutive year after two years of growth. Overall, exports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 1.4%. As a result, the exports attained the peak of 734 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses expanded slightly to $1.9K in 2022. Over the period under review, exports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 15% against the previous year. As a result, the exports attained the peak of $18K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Japan (1.0 kg)

Source: IndexBox Market Intelligence Platform