Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Hong Kong SAR - 2023

Contents:

1. Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Hong Kong SAR (CIF) - 2022
2. Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Hong Kong SAR (FOB) - 2022
3. Imports of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Hong Kong SAR
4. Exports of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Hong Kong SAR

Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Hong Kong SAR (CIF) - 2022

The average import price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses stood at $71,316 per ton in 2022, jumping by 260% against the previous year. Overall, the import price recorded a buoyant increase. The growth pace was the most rapid in 2020 when the average import price increased by 268% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($104,228 per ton), while the price for Singapore ($26,038 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses amounted to $1,996 per ton, declining by -97.3% against the previous year. Over the period under review, the export price saw a pronounced descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 2,427% against the previous year. As a result, the export price reached the peak level of $73,814 per ton, and then dropped significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for Macao SAR amounted to +20.4% per year.

Imports of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Hong Kong SAR

In 2022, after two years of decline, there was significant growth in purchases abroad of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses, when their volume increased by 326% to 31 tons. In general, imports, however, faced a sharp slump.

In value terms, imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses surged to $2.2M in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles to Hong Kong SAR in 2022:

1. United States (29.6 tons)
2. Singapore (0.5 tons)
3. Germany (0.1 tons)

Exports of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Hong Kong SAR

In 2022, shipments abroad of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses was finally on the rise to reach 131 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a significant contraction.

In value terms, exports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses fell dramatically to $261K in 2022. Over the period under review, exports, however, recorded a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 101%. As a result, the exports reached the peak of $2M, and then contracted dramatically in the following year.

Top Export Markets for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles from Hong Kong SAR in 2022:

1. South Africa (131.0 tons)

Source: IndexBox Market Intelligence Platform