Thailand: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Thailand

After two years of decline, the Thai pyrotechnic articles market increased by 21% to $X in 2021. Overall, consumption saw a deep contraction. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Pyrotechnic Articles Production in Thailand

In value terms, pyrotechnic articles production dropped dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, saw a dramatic descent. Over the period under review, production hit record highs at $X in 2020, and then contracted rapidly in the following year.

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Pyrotechnic Articles Exports

Exports from Thailand

In 2021, pyrotechnic articles exports from Thailand shrank sharply to X tons, which is down by -34.2% against the previous year's figure. In general, exports showed a pronounced decline. The pace of growth was the most pronounced in 2020 with an increase of 161%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, pyrotechnic articles exports contracted markedly to $X in 2021. Overall, exports, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2013 with an increase of 93%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for pyrotechnic articles exports from Thailand, with a 96% share of total exports. It was followed by Singapore (X tons), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+67.8% per year) and Malaysia (+76.4% per year).

In value terms, the United States ($X) remains the key foreign market for signalling flares, rain rockets, fog signals and other pyrotechnic articles exports from Thailand, comprising 55% of total exports. The second position in the ranking was held by Singapore ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+55.6% per year) and Malaysia (+86.8% per year).

Export Prices by Country

In 2021, the average pyrotechnic articles export price amounted to $X per ton, with an increase of 28% against the previous year. Overall, the export price showed a prominent increase. The pace of growth was the most pronounced in 2019 an increase of 83% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to the United States ($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 the UK (+59.7%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrotechnic Articles Imports

Imports into Thailand

In 2021, approx. X tons of signalling flares, rain rockets, fog signals and other pyrotechnic articles were imported into Thailand; waning by -95.4% compared with 2020. Over the period under review, imports continue to indicate a significant decrease. The growth pace was the most rapid in 2018 when imports increased by 113% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, pyrotechnic articles imports shrank sharply to $X in 2021. In general, imports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2018 with an increase of 33%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of pyrotechnic articles to Thailand, accounting for a 79% share of total imports. Moreover, pyrotechnic articles imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-42.0% per year) and the United States (-27.9% per year).

In value terms, Germany ($X) constituted the largest supplier of signalling flares, rain rockets, fog signals and other pyrotechnic articles to Thailand, comprising 83% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.1% per year) and the United States (-10.8% per year).

Import Prices by Country

In 2021, the average pyrotechnic articles import price amounted to $X per ton, jumping by 1,727% against the previous year. Over the period under review, the import price showed a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+47.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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