South-Eastern Asia: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in South-Eastern Asia

The Southeast Asian pyrotechnic articles market reduced to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a noticeable downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Pyrotechnic Articles Production in South-Eastern Asia

In value terms, pyrotechnic articles production declined to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Pyrotechnic Articles Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports recorded a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pyrotechnic articles exports rose markedly to $X in 2022. Over the period under review, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Singapore (X tons), making up a X% share of total exports. Indonesia (X tons) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the signalling flares, rain rockets, fog signals and other pyrotechnic articles exports, with a CAGR of X% from 2012 to 2022. At the same time, Singapore (X%) and Indonesia (X%) displayed positive paces of growth. While the share of Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (X p.p.) and Singapore (X p.p.) displayed negative dynamics.

In value terms, Singapore ($X) remains the largest pyrotechnic articles supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

In Singapore, pyrotechnic articles exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the export price figures.

Pyrotechnic Articles Imports

Imports in South-Eastern Asia

Pyrotechnic articles imports fell remarkably to X tons in 2022, dropping by X% on the previous year. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, pyrotechnic articles imports expanded to $X in 2022. Overall, imports continue to indicate a noticeable descent. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) was the major importer of signalling flares, rain rockets, fog signals and other pyrotechnic articles, creating X% of total imports. It was distantly followed by Singapore (X tons), achieving a X% share of total imports. Malaysia (X tons) and Indonesia (X tons) took a little share of total imports.

Imports into Thailand decreased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) and Malaysia (X%) illustrated a downward trend over the same period. Thailand (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported signalling flares, rain rockets, fog signals and other pyrotechnic articles in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In Singapore, pyrotechnic articles imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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