Middle East: Fireworks Market 2024

Fireworks Market Size in the Middle East

In 2022, the Middle Eastern fireworks market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, saw a deep slump. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Fireworks Production in the Middle East

In value terms, fireworks production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Fireworks Exports

Exports in the Middle East

In 2022, shipments abroad of fireworks increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, fireworks exports skyrocketed to $X in 2022. In general, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, finishing at X tons, which was near X% of total exports in 2022. Turkey (X tons) took the second position in the ranking, followed by Lebanon (X tons). All these countries together took near X% share of total exports. Jordan (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the fireworks exports, with a CAGR of X% from 2012 to 2022. At the same time, Lebanon (X%) and Turkey (X%) displayed positive paces of growth. Jordan experienced a relatively flat trend pattern. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Jordan (X p.p.), Lebanon (X p.p.) and Turkey (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) emerged as the largest fireworks supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Lebanon ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

In the United Arab Emirates, fireworks exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Lebanon (X% per year) and Turkey (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price, however, continues to indicate a slight expansion. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Fireworks Imports

Imports in the Middle East

Fireworks imports skyrocketed to X tons in 2022, picking up by X% on 2021. Over the period under review, imports, however, showed a perceptible decline. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, fireworks imports surged to $X in 2022. In general, imports recorded a mild increase. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Israel (X tons) and Yemen (X tons) represented roughly X% of total imports in 2022. Lebanon (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%). The following importers - Jordan (X tons), Turkey (X tons) and Kuwait (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Israel ($X) and Yemen ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Lebanon, Turkey, Kuwait and Jordan lagged somewhat behind, together accounting for a further X%.

Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fireworks import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2014 an increase of X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform