Saudi Arabia: Fireworks Market 2022

Fireworks Market Size in Saudi Arabia

The Saudi fireworks market declined to $X in 2021, dropping by -X% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible downturn. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Fireworks Production in Saudi Arabia

In value terms, fireworks production fell sharply to $X in 2021 estimated in export price. Overall, production showed a perceptible setback. The growth pace was the most rapid in 2020 when the production volume increased by X%. Fireworks production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Fireworks Exports

Exports from Saudi Arabia

In 2021, overseas shipments of fireworks decreased by X% to less than X kg, falling for the second year in a row after four years of growth. Overall, exports showed noticeable growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, fireworks exports amounted to less than $X in 2021. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Oman (X tons) was the main destination for fireworks exports from Saudi Arabia, accounting for a approx. X% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Oman was relatively modest.

From 2012 to 2019, the average annual rate of growth in terms of value to Oman was relatively modest.

Export Prices by Country

In 2019, the average fireworks export price amounted to $X per ton, growing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2019, the rate of growth in terms of prices for Oman amounted to X% per year.

Fireworks Imports

Imports into Saudi Arabia

Fireworks imports into Saudi Arabia was estimated at X tons in 2021, remaining relatively unchanged against the year before. In general, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, fireworks imports amounted to $X in 2021. Overall, imports recorded a prominent expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest fireworks supplier to Saudi Arabia, with a X% share of total imports. Moreover, fireworks imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and the United Arab Emirates (X% per year).

In value terms, the largest fireworks suppliers to Saudi Arabia were China ($X), France ($X) and the United Arab Emirates ($X), together comprising X% of total imports.

Among the main suppliers, China, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fireworks import price stood at $X per ton in 2021, approximately equating the previous year. Over the period under review, the import price enjoyed a significant expansion. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably countryorigin: the country with the highest price was France ($X per ton), while the price for Lebanon ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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