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

Contents:

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

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

In 2022, the average import price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses amounted to $3,425 per ton, shrinking by -51.7% against the previous year. In general, the import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 98% against the previous year. As a result, import price reached the peak level of $7,093 per ton, and then reduced remarkably in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +25.0% per year.

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

In 2022, the average export price for fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses amounted to $6,222 per ton, falling by -56.6% against the previous year. Over the period under review, the export price, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 99%. As a result, the export price attained the peak level of $14,352 per ton, and then shrank rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Burundi ($13,820 per ton), while the average price for exports to Democratic Republic of the Congo ($372 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses increased by 102% to 56 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a precipitous shrinkage.

In value terms, imports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses declined to $191K in 2022. Over the period under review, imports, however, showed a precipitous decrease. The growth pace was the most rapid in 2021 when imports increased by 36% against the previous year.

Import of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Kenya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China59.226.740.419147.8%
Sweden62.415.421.1N/A-41.9%
Israel39090.7116N/A-45.5%
Others41.511.017.40.1-86.6%
Total553144195191-29.8%

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

  1. China (55.6 tons)

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

In 2022, the amount of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses exported from Kenya soared to 744 kg, with an increase of 1,278% compared with 2021 figures. Overall, exports, however, saw a sharp setback.

In value terms, exports of fireworks, signalling flares, rain rockets, fog signals and other pyrotechnic articleses skyrocketed to $4.6K in 2022. Over the period under review, exports, however, recorded a precipitous decline. The growth pace was the most rapid in 2021 when exports increased by 976%.

Export of Fireworks, Signalling Flares, Rain Rockets, Fog Signals and Other Pyrotechnic Articles in Kenya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Rwanda0.1N/AN/A1.5146.6%
BurundiN/AN/AN/A0.70%
Tanzania2.4N/A0.10.3-50.0%
Democratic Republic of the CongoN/AN/AN/A0.10%
Uganda2.6N/A0.4N/A-60.8%
Djibouti2.7N/A0.3N/A-66.7%
Ethiopia9.0N/AN/AN/A0%
Others0.1N/AN/A2.1175.9%
Total17.00.10.84.6-35.3%

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

  1. Rwanda (275.0 kg)
  2. Democratic Republic of the Congo (180.0 kg)
  3. Tanzania (139.0 kg)
  4. Burundi (50.0 kg)

Source: IndexBox Market Intelligence Platform

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