South-Eastern Asia: Fireworks Market 2022

Fireworks Market Size in South-Eastern Asia

In 2021, after three years of decline, there was significant growth in the Southeast Asian fireworks market, when its value increased by X% to $X. In general, consumption, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Fireworks Production in South-Eastern Asia

In value terms, fireworks production rose to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Fireworks Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of fireworks decreased by -X% to X tons, falling for the second consecutive year after four years of growth. Overall, exports, however, posted a resilient increase. 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 tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, fireworks exports fell notably to $X in 2021. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. 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

Cambodia (X tons) and Singapore (X tons) represented the main exporters of fireworks in 2021, accounting for near X% and X% of total exports, respectively. Vietnam (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%). Thailand (X tons) held a minor share of total exports.

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

In value terms, Vietnam ($X) remains the largest fireworks supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Cambodia ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Cambodia (+X% per year) and Singapore (+X% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, declining by -X% against the previous year. Overall, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

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

Fireworks Imports

Imports in South-Eastern Asia

Fireworks imports surged to X tons in 2021, with an increase of X% on the previous year. Overall, imports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, fireworks imports rose to $X in 2021. In general, imports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X tons), Malaysia (X tons) and Indonesia (X tons) represented the key importer of fireworks in South-Eastern Asia, generating X% of total import.

From 2012 to 2021, the biggest increases were in Malaysia (with a CAGR of +X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Indonesia ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of imports in 2021, together comprising X% of total imports.

Among the main importing countries, Malaysia, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the import price saw a perceptible descent. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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