South Africa: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in South Africa

The South African pyrotechnic articles market was estimated at $X in 2021, approximately equating the previous year. Over the period under review, consumption, however, saw a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Pyrotechnic Articles Production in South Africa

In value terms, pyrotechnic articles production fell slightly to $X in 2021 estimated in export price. Overall, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 25%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

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Pyrotechnic Articles Exports

Exports from South Africa

In 2021, approx. X tons of signalling flares, rain rockets, fog signals and other pyrotechnic articles were exported from South Africa; dropping by -4.7% compared with 2020. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by 207%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, pyrotechnic articles exports soared to $X in 2021. In general, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of 71%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons), Canada (X tons) and Namibia (X tons) were the main destinations of pyrotechnic articles exports from South Africa, with a combined 45% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +291.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Canada ($X) and Namibia ($X) appeared to be the largest markets for pyrotechnic articles exported from South Africa worldwide, with a combined 49% share of total exports.

Colombia, with a CAGR of +185.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average pyrotechnic articles export price amounted to $X per ton, rising by 30% against the previous year. Overall, the export price, however, recorded a noticeable decline. The growth pace was the most rapid in 2016 an increase of 46% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrotechnic Articles Imports

Imports into South Africa

After three years of decline, supplies from abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles increased by 8.7% to X tons in 2021. Overall, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 68% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, pyrotechnic articles imports fell to $X in 2021. In general, imports, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 65% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and China (X tons) were the main suppliers of pyrotechnic articles imports to South Africa, together comprising 87% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +143.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), the Czech Republic ($X) and the UK ($X) constituted the largest pyrotechnic articles suppliers to South Africa, together comprising 83% of total imports.

Among the main suppliers, the Czech Republic, with a CAGR of +107.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average pyrotechnic articles import price amounted to $X per ton, shrinking by -13.9% against the previous year. In general, the import price, however, posted buoyant growth. The pace of growth was the most pronounced in 2016 an increase of 67% against the previous year. The import price peaked at $X per ton in 2020, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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