Asia: Fireworks Market 2022

Fireworks Market Size in Asia

The Asian fireworks market expanded significantly to $X in 2021, increasing by X% against the previous year. In general, consumption, however, recorded a noticeable setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Fireworks Production in Asia

In value terms, fireworks production totaled $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable contraction. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Fireworks Exports

Exports in Asia

In 2021, overseas shipments of fireworks were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a mild decrease. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, fireworks exports surged to $X in 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of fireworks, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the fireworks exports, with a CAGR of -X% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest fireworks supplier in Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, surging by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +X% per year.

Fireworks Imports

Imports in Asia

In 2021, approx. X tons of fireworks were imported in Asia; surging by X% on the previous year. Overall, imports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, fireworks imports rose modestly to $X in 2021. In general, imports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2019 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of fireworks imports in 2021 were Thailand (X tons), Malaysia (X tons) and Indonesia (X tons), together finishing at X% of total import. Japan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Lebanon (X%). South Korea (X tons) and Kyrgyzstan (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were in Malaysia (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Indonesia ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2021, with a combined X% share of total imports.

Malaysia, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, waning by -X% against the previous year. In general, the import price saw a slight decrease. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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