Report Update Apr 1, 2024

Nigeria - Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Nigeria

The Nigerien pyrotechnic articles market declined dramatically to $X in 2022, shrinking by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a drastic downturn. Pyrotechnic articles consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Pyrotechnic Articles Exports

Exports from Nigeria

In 2022, shipments abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles decreased by X% to X kg, falling for the second year in a row after two years of growth. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at X kg in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, pyrotechnic articles exports totaled $X in 2022. Overall, exports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Niger (X kg) was the main destination for pyrotechnic articles exports from Nigeria, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Niger amounted to X%.

In value terms, Niger ($X) also remains the key foreign market for signalling flares, rain rockets, fog signals and other pyrotechnic articles exports from Nigeria.

From 2012 to 2022, the average annual rate of growth in terms of value to Niger amounted to X%.

Export Prices by Country

In 2022, the average pyrotechnic articles export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to X% per year.

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Pyrotechnic Articles Imports

Imports into Nigeria

In 2022, imports of signalling flares, rain rockets, fog signals and other pyrotechnic articles into Nigeria contracted sharply to X tons, reducing by X% on the previous year. In general, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, pyrotechnic articles imports soared to $X in 2022. Over the period under review, imports showed a perceptible decrease. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X kg) constituted the largest pyrotechnic articles supplier to Nigeria, accounting for a X% share of total imports. Moreover, pyrotechnic articles imports from South Africa exceeded the figures recorded by the second-largest supplier, the United States (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume from South Africa totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and France (X% per year).

In value terms, South Africa ($X) constituted the largest supplier of signalling flares, rain rockets, fog signals and other pyrotechnic articles to Nigeria, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from South Africa amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and the United States (X% per year).

Import Prices by Country

The average pyrotechnic articles import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price saw prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the prices for the other major suppliers experienced mixed trend patterns.

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Frequently Asked Questions (FAQ) :

What are the largest markets for signalling flares, rain rockets, fog signals and other pyrotechnic articles in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and India, with a combined 42% share of global consumption. The UK, Russia, Thailand, Brazil, Pakistan, Indonesia, Canada, Mexico and Turkey lagged somewhat behind, together accounting for a further 27%.

What are the largest producers of signalling flares, rain rockets, fog signals and other pyrotechnic articles in the world?

China constituted the country with the largest volume of pyrotechnic articles production, comprising approx. 23% of total volume. Moreover, pyrotechnic articles production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was held by the United States, with a 7.9% share.

What are the leading suppliers of signalling flares, rain rockets, fog signals and other pyrotechnic articles to Nigeria?

In value terms, South Africa constituted the largest supplier of signalling flares, rain rockets, fog signals and other pyrotechnic articles to Nigeria, comprising 85% of total imports. The second position in the ranking was held by France, with a 9.7% share of total imports.

What are the leading importers of signalling flares, rain rockets, fog signals and other pyrotechnic articles from Nigeria?

In value terms, Niger $904) remains the key foreign market for signalling flares, rain rockets, fog signals and other pyrotechnic articles exports from Nigeria.

What is the average export price for signalling flares, rain rockets, fog signals and other pyrotechnic articles in Nigeria?

The average pyrotechnic articles export price stood at $6,108 per ton in 2022, increasing by 8% against the previous year.

What is the average import price for signalling flares, rain rockets, fog signals and other pyrotechnic articles in Nigeria?

The average pyrotechnic articles import price stood at $142,131 per ton in 2022, rising by 526% against the previous year.

This report provides an in-depth analysis of the pyrotechnic articles market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20511400 - Signalling flares, rain rockets, fog signals and other pyrotechnic articles (excluding fireworks)

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023