EU: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in the EU

In 2023, the EU pyrotechnic articles market increased by X% to $X for the first time since 2019, thus ending a three-year declining trend. In general, consumption, however, recorded a deep reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Pyrotechnic Articles Production in the EU

In value terms, pyrotechnic articles production stood at $X in 2023 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Pyrotechnic Articles Exports

Exports in the EU

For the fourth consecutive year, the European Union recorded growth in shipments abroad of signalling flares, rain rockets, fog signals and other pyrotechnic articles, which increased by X% to X tons in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are likely to see gradual growth in the near future.

In value terms, pyrotechnic articles exports surged to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in the near future.

Exports by Country

The shipments of the three major exporters of signalling flares, rain rockets, fog signals and other pyrotechnic articles, namely Germany, France and the Czech Republic, represented more than two-thirds of total export. Italy (X tons) held the next position in the ranking, followed by Sweden (X tons) and Spain (X tons). All these countries together held approx. X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest pyrotechnic articles supplying countries in the European Union were France ($X), Germany ($X) and the Czech Republic ($X), together comprising X% of total exports.

The Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Pyrotechnic Articles Imports

Imports in the EU

In 2023, overseas purchases of signalling flares, rain rockets, fog signals and other pyrotechnic articles increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, pyrotechnic articles imports reached $X in 2023. Total imports indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, Germany (X tons), Spain (X tons) and France (X tons) was the key importer of signalling flares, rain rockets, fog signals and other pyrotechnic articles in the European Union, comprising X% of total import. Denmark (X tons) ranks next in terms of the total imports with a X% share, followed by Slovakia (X%). The Czech Republic (X tons), Sweden (X tons), Austria (X tons), Italy (X tons), Portugal (X tons), Poland (X tons), the Netherlands (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Slovakia ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Slovakia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform