Price for Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Venezuela - 2022

Contents:

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

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

The average import price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses stood at $3,231 per ton in 2022, almost unchanged from the previous year. Overall, the import price, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 66%. As a result, import price attained the peak level of $6,047 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($3,381 per ton), while the price for China amounted to $2,975 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.9%).

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

In 2022, the average export price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses amounted to $1,899 per ton, approximately reflecting the previous year. Overall, the export price showed a dramatic contraction. The most prominent rate of growth was recorded in 2019 an increase of 39% against the previous year. Over the period under review, the average export prices attained the peak figure at $64,556 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to -29.7% per year.

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

Imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses into Venezuela surged to 727 tons in 2022, with an increase of 455% on 2021 figures. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses soared to $2.4M in 2022. Overall, imports showed significant growth. As a result, imports attained 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 Venezuela in 2022:

1. Hong Kong SAR (414.0 tons)
2. China (301.4 tons)

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

For the fourth year in a row, Venezuela recorded growth in overseas shipments of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses, which increased by 0.9% to 38 tons in 2022. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 97%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses reduced slightly to $72K in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 88% against the previous year. As a result, the exports reached the peak of $72K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Colombia (38.0 tons)

Source: IndexBox Market Intelligence Platform