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

Contents:

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

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

The average import price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses stood at $36,159 per ton in 2022, with an increase of 24% against the previous year. Over the period under review, the import price recorded pronounced growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 307% against the previous year. The import price peaked at $49,408 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($665,903 per ton), while the price for Hong Kong SAR ($6,385 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses stood at $50,107 per ton in 2022, growing by 69% against the previous year. Overall, the export price posted measured growth. The export price peaked at $127,402 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($1,062,943 per ton), while the average price for exports to Japan ($12,459 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Singapore

In 2022, purchases abroad of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses was finally on the rise to reach 313 tons after two years of decline. Overall, imports, however, saw a sharp decrease.

In value terms, imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses skyrocketed to $11M in 2022. Over the period under review, imports, however, saw a noticeable reduction.

Import of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States0.90.91.54.368.4%
Germany2.93.33.72.2-8.8%
China0.80.30.71.728.6%
Thailand2.31.71.21.6-11.4%
Hong Kong SAR3.2N/AN/AN/A0%
Malaysia0.80.2N/AN/A-75.0%
Others1.31.40.71.67.2%
Total12.37.87.811.3-2.8%

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

  1. China (166.9 tons)
  2. Thailand (102.9 tons)
  3. Germany (27.6 tons)
  4. United States (6.4 tons)
  5. Malaysia (0.7 tons)
  6. Hong Kong SAR (0.1 tons)

Exports of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Singapore

In 2022, exports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses from Singapore fell remarkably to 162 tons, with a decrease of -42.9% on the previous year's figure. Overall, exports continue to indicate a precipitous contraction. The smallest decline of -14.2% was in 2021.

In value terms, exports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses declined slightly to $8.1M in 2022. Over the period under review, exports showed a sharp reduction.

Export of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea21.914.40.64.5-41.0%
Malaysia1.31.62.01.913.5%
China1.97.12.40.4-40.5%
Japan0.6N/A1.80.4-12.6%
Indonesia3.30.30.30.3-55.0%
Australia0.10.1N/A0.10.0%
ArgentinaN/AN/AN/AN/A0%
OmanN/AN/AN/AN/A0%
Others15.35.41.30.7-64.2%
Total44.528.98.48.1-43.3%

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

  1. Malaysia (99.2 tons)
  2. Japan (30.2 tons)
  3. Indonesia (17.1 tons)
  4. South Korea (4.2 tons)
  5. Australia (3.9 tons)
  6. China (1.1 tons)

Source: IndexBox Market Intelligence Platform

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