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

Contents:

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

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

The average import price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses stood at $1,031 per ton in 2022, almost unchanged from the previous year. Overall, the import price, however, showed a sharp curtailment. Over the period under review, average import prices hit record highs at $20,690 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($9,354 per ton), while the price for China ($460 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.5%), while the prices for the other major suppliers experienced a decline.

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

In 2022, after three years of growth, there was significant decline in purchases abroad of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses, when their volume decreased by -57% to 183 tons. Overall, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,349%.

In value terms, imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses fell markedly to $189K in 2022. Over the period under review, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 423% against the previous year.

Import of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China0.697.220275.0400.0%
United Kingdom26.951.913769.637.3%
Spain7.531.873.833.063.9%
Others11.461.426.411.0-1.2%
Total46.424243918959.7%

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

  1. China (163.1 tons)
  2. United Kingdom (14.6 tons)
  3. Spain (3.5 tons)

Source: IndexBox Market Intelligence Platform

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