Eastern Europe: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Eastern Europe

In 2023, the East European pyrotechnic articles market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Pyrotechnic Articles Production in Eastern Europe

In value terms, pyrotechnic articles production dropped to $X in 2023 estimated in export price. Over the period under review, production, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Pyrotechnic Articles Exports

Exports in Eastern Europe

Pyrotechnic articles exports reached X tons in 2023, approximately equating the year before. In general, exports, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, pyrotechnic articles exports soared to $X in 2023. Overall, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

Exports by Country

The Czech Republic was the largest exporting country with an export of about X tons, which finished at X% of total exports. Russia (X tons) took the second position in the ranking, distantly followed by Latvia (X tons). All these countries together took approx. X% share of total exports. The following exporters - Bulgaria (X tons) and Hungary (X tons) - together made up X% of total exports.

Exports from the Czech Republic decreased at an average annual rate of X% from 2012 to 2023. At the same time, Latvia (X%), Bulgaria (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Russia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Latvia and Bulgaria increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest pyrotechnic articles supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Bulgaria ($X), with a X% share of total exports. It was followed by Russia, with an X% share.

In the Czech Republic, pyrotechnic articles exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Bulgaria (X% per year) and Russia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, jumping by X% against the previous year. Overall, the export price recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2023 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while Russia ($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 Eastern Europe

In 2023, the amount of signalling flares, rain rockets, fog signals and other pyrotechnic articles imported in Eastern Europe surged to X tons, increasing by X% compared with the previous year's figure. Total imports indicated a temperate increase from 2012 to 2023: its volume 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 2021 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, pyrotechnic articles imports totaled $X in 2023. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Slovakia (X tons) and the Czech Republic (X tons) were the main importers of signalling flares, rain rockets, fog signals and other pyrotechnic articles in Eastern Europe, together accounting for near X% of total imports. Poland (X tons) held the next position in the ranking, followed by Lithuania (X tons), Russia (X tons) and Latvia (X tons). All these countries together took approx. X% share of total imports. Moldova (X tons) followed a long way behind the leaders.

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

In value terms, Slovakia ($X) constitutes the largest market for imported signalling flares, rain rockets, fog signals and other pyrotechnic articles in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

In Slovakia, pyrotechnic articles imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Poland (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Moldova ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform