Southern Asia: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Southern Asia

The South Asian pyrotechnic articles market dropped to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a mild setback. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Pyrotechnic Articles Production in Southern Asia

In value terms, pyrotechnic articles production declined to $X in 2022 estimated in export price. Overall, production showed a pronounced slump. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Pyrotechnic Articles Exports

Exports in Southern Asia

Pyrotechnic articles exports surged to X tons in 2022, with an increase of X% compared with the previous year. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, pyrotechnic articles exports soared to $X in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

India dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Pakistan (X tons), making up an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pyrotechnic articles exports from India stood at X%. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Pakistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) displayed negative dynamics.

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

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

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price recorded a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Pakistan ($X per ton), while India totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Pyrotechnic Articles Imports

Imports in Southern Asia

In 2022, supplies from abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, saw significant growth. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of import peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, pyrotechnic articles imports dropped to $X in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Afghanistan dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by India (X tons), making up a X% share of total imports. Bangladesh (X tons) took a relatively small share of total imports.

Afghanistan was also the fastest-growing in terms of the signalling flares, rain rockets, fog signals and other pyrotechnic articles imports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%) and Bangladesh (X%) displayed positive paces of growth. From 2012 to 2022, the share of Afghanistan increased by X percentage points.

In value terms, Afghanistan ($X) constitutes the largest market for imported signalling flares, rain rockets, fog signals and other pyrotechnic articles in Southern Asia, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Afghanistan amounted to X%. In the other countries, the average annual rates were as follows: India (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Afghanistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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