Eastern Asia: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Eastern Asia

The East Asian pyrotechnic articles market rose rapidly to $X in 2022, picking up by X% against the previous year. Overall, consumption showed a slight descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Pyrotechnic Articles Production in Eastern Asia

In value terms, pyrotechnic articles production dropped to $X in 2022 estimated in export price. Overall, production showed a mild shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Pyrotechnic Articles Exports

Exports in Eastern Asia

In 2022, overseas shipments of signalling flares, rain rockets, fog signals and other pyrotechnic articles were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a strong increase. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, pyrotechnic articles exports skyrocketed to $X in 2022. Overall, exports saw a resilient expansion. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X tons) represented the major exporter of signalling flares, rain rockets, fog signals and other pyrotechnic articles, generating X% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), achieving a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pyrotechnic articles exports from China stood at X%. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Taiwan (Chinese) increased by X percentage points.

In value terms, the largest pyrotechnic articles supplying countries in Eastern Asia were China ($X) and Taiwan (Chinese) ($X).

Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%).

Pyrotechnic Articles Imports

Imports in Eastern Asia

In 2022, pyrotechnic articles imports in Eastern Asia surged to X tons, with an increase of X% against the previous year. Overall, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pyrotechnic articles imports surged to $X in 2022. In general, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Taiwan (Chinese) was the major importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by South Korea (X tons) and Japan (X tons), together generating a X% share of total imports.

Taiwan (Chinese) was also the fastest-growing in terms of the signalling flares, rain rockets, fog signals and other pyrotechnic articles imports, with a CAGR of X% from 2012 to 2022. Japan (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.) and South Korea (X p.p.) displayed negative dynamics.

In value terms, Japan ($X) constitutes the largest market for imported signalling flares, rain rockets, fog signals and other pyrotechnic articles in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Japan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, falling by X% against the previous year. In general, the import price, however, posted noticeable growth. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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