Middle East: Fireworks Market 2022

Fireworks Market Size in the Middle East

In 2021, the Middle Eastern fireworks market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2018 when the market value increased by X%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Fireworks Production in the Middle East

In value terms, fireworks production reduced to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Fireworks Exports

Exports in the Middle East

In 2021, overseas shipments of fireworks decreased by -X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, fireworks exports surged to $X in 2021. In general, exports, however, showed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the key exporter of fireworks in the Middle East, with the volume of exports reaching X tons, which was near X% of total exports in 2021. Lebanon (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (X%).

Exports from Turkey decreased at an average annual rate of -X% from 2012 to 2021. At the same time, the United Arab Emirates (+X%) and Lebanon (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2012-2021. While the share of Lebanon (+X p.p.), the United Arab Emirates (+X p.p.) and Turkey (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest fireworks supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Lebanon ($X), with a X% share of total exports.

In Turkey, fireworks exports increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Lebanon (+X% per year) and the United Arab Emirates (+X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, growing by X% against the previous year. In general, the export price saw a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%), while the other leaders experienced mixed trends in the export price figures.

Fireworks Imports

Imports in the Middle East

In 2021, the amount of fireworks imported in the Middle East soared to X tons, jumping by X% on 2020. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, fireworks imports skyrocketed to $X in 2021. Total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Lebanon (X tons) was the largest importer of fireworks, creating X% of total imports. It was distantly followed by Yemen (X tons), Israel (X tons) and the United Arab Emirates (X tons), together generating a X% share of total imports. Kuwait (X tons), Saudi Arabia (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to fireworks imports into Lebanon stood at +X%. At the same time, Kuwait (+X%), Yemen (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +X% from 2012-2021. By contrast, Saudi Arabia (-X%), Israel (-X%) and Turkey (-X%) illustrated a downward trend over the same period. Yemen (+X p.p.), Saudi Arabia (+X p.p.) and Kuwait (+X p.p.) significantly strengthened its position in terms of the total imports, while Turkey and Israel saw its share reduced by -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Lebanon ($X) constitutes the largest market for imported fireworks in the Middle East, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Lebanon amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Saudi Arabia (+X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, growing by X% against the previous year. Over the period under review, the import price, however, saw a slight descent. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a lower figure.

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

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

Source: IndexBox Market Intelligence Platform

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