Hong Kong SAR, China - Fireworks - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFireworks Price in Hong Kong SAR - 2023
Contents:
- Fireworks Price in Hong Kong SAR (CIF) - 2022
- Fireworks Price in Hong Kong SAR (FOB) - 2022
- Fireworks Imports in Hong Kong SAR
- Fireworks Exports in Hong Kong SAR
Fireworks Price in Hong Kong SAR (CIF) - 2022
The average fireworks import price stood at $72,045 per ton in 2022, surging by 269% against the previous year. Over the period under review, the import price showed a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +9.8% per year.
Fireworks Price in Hong Kong SAR (FOB) - 2022
The average fireworks export price stood at $958 per ton in 2022, declining by -74.8% against the previous year. In general, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of 28% against the previous year. The export price peaked at $3,806 per ton in 2021, and then contracted dramatically 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 the United States amounted to +1.5% per year.
Fireworks Imports in Hong Kong SAR
In 2022, overseas purchases of fireworks increased by 1,427% to 30 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a dramatic slump.
In value terms, fireworks imports soared to $2.1M in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Fireworks in Hong Kong SAR (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 70.0 | 172 | 25.7 | 2,128 | 212.1% |
China | 547 | 3.0 | 12.0 | N/A | -85.2% |
Others | 24.9 | N/A | N/A | N/A | 0% |
Total | 642 | 175 | 37.8 | 2,128 | 49.1% |
Top Suppliers of Fireworks to Hong Kong SAR in 2022:
- United States (29.5 tons)
Fireworks Exports in Hong Kong SAR
Fireworks exports from Hong Kong SAR shrank significantly to 273 tons in 2022, waning by -47.4% against the year before. Over the period under review, exports faced a sharp shrinkage. The growth pace was the most rapid in 2021 with an increase of 65% against the previous year.
In value terms, fireworks exports reduced rapidly to $261K in 2022. Overall, exports recorded a sharp downturn. The pace of growth was the most pronounced in 2021 when exports increased by 102%. As a result, the exports reached the peak of $2M, and then reduced remarkably in the following year.
Export of Fireworks in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 4.5 | 3.3 | 22.1 | 261 | 287.1% |
Norway | 167 | 129 | 82.1 | N/A | -29.9% |
Colombia | N/A | N/A | 151 | N/A | 0% |
Germany | 122 | 264 | N/A | N/A | 116.4% |
United Kingdom | 53.0 | 15.2 | N/A | N/A | -71.3% |
Singapore | 367 | N/A | N/A | N/A | 0% |
United States | 660 | 275 | 1,716 | N/A | 61.2% |
Others | 324 | 293 | 3.4 | N/A | -89.8% |
Total | 1,697 | 979 | 1,974 | 261 | -46.4% |
Top Export Markets for Fireworks from Hong Kong SAR in 2022:
- South Africa (272.9 tons)
This report provides an in-depth analysis of the fireworks market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20511300 - Fireworks
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the fireworks market in Hong Kong SAR, China.
This report provides an in-depth analysis of the pyrotechnic articles market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global fireworks market.
This report provides an in-depth analysis of the global pyrotechnic articles market.
This report provides an in-depth analysis of the fireworks market in Hong Kong SAR, China.
This report provides an in-depth analysis of the pyrotechnic articles market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global fireworks market.
This report provides an in-depth analysis of the global pyrotechnic articles market.
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