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

Contents:

1. Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in the United States (CIF) - 2023
2. Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in the United States (FOB) - 2022
3. Imports of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in the United States
4. Exports of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in the United States

Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in the United States (CIF) - 2023

In December 2023, the average import price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses amounted to $3,688 per ton, with an increase of 1.8% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 an increase of 19% against the previous month. The import price peaked at $3,787 per ton in September 2023; however, from October 2023 to December 2023, import prices failed to regain momentum.

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

From December 2022 to December 2023, the rate of growth in terms of prices for China amounted to +0.6% per month.

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

In 2022, the average export price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses amounted to $58,639 per ton, falling by -5.4% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 18% against the previous year. The export price peaked at $69,581 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($174,697 per ton), while the average price for exports to Cayman Islands ($7,726 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 Japan (+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 the United States

In 2022, approx. 208K tons of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses were imported into the United States; surging by 8% against the previous year. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 63%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses soared to $618M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 56%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. China (205.1K tons)

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

In 2022, overseas shipments of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses increased by 18% to 1K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt shrinkage.

In value terms, exports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses amounted to $61M in 2022. Overall, exports, however, saw a abrupt descent.

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

1. Canada (406.6 tons)
2. New Zealand (144.3 tons)
3. Egypt (83.6 tons)
4. Australia (36.3 tons)
5. Japan (33.9 tons)
6. Hong Kong SAR (26.4 tons)
7. South Korea (25.8 tons)
8. Cayman Islands (25.7 tons)
9. Qatar (25.6 tons)
10. China (24.6 tons)
11. Bahamas (17.1 tons)
12. Kuwait (0.4 tons)

Source: IndexBox Market Intelligence Platform