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19-06-2024
In 2022, the global fireworks market witnessed significant growth, with international sales soaring to US$1.3 billion, reflecting a remarkable 30.4% increase since 2018. Year over year, the industry experienced a robust 40.8% surge in exports compared to 2021, showcasing its resilience and popularity worldwide.
Mainland China, Germany, Netherlands, Poland, and Spain emerged as the top exporters, collectively accounting for 95% of the total international revenues from fireworks exports in 2022. These nations have established themselves as key players in meeting the soaring demand for fireworks across the globe.
Asia dominates the global fireworks market, with suppliers in the region accounting for a staggering 87.9% of the total export value in 2022. Europe follows at a distant second with a share of 10.9%, while North America, Latin America, Africa, and Oceania contribute smaller percentages.
Top Fireworks Exporting Countries
Here are the top 15 countries by fireworks exports in 2022:
1. China: US$1.1 billion (87.4%)
2. Germany: $31.2 million (2.4%)
3. Netherlands: $30.5 million (2.3%)
4. Poland: $19.6 million (1.5%)
5. Spain: $17.0 million (1.3%)
6. Czech Republic: $15.6 million (1.2%)
7. United States: $8.0 million (0.6%)
8. Italy: $7.8 million (0.6%)
9. France: $5.0 million (0.4%)
10. Cambodia: $2.7 million (0.2%)
11. Brazil: $2.71 million (0.2%)
12. Bulgaria: $2.54 million (0.2%)
13. Portugal: $2.48 million (0.2%)
14. Denmark: $2.1 million (0.2%)
15. United Kingdom: $1.8 million (0.1%)
Together, these nations accounted for 98.9% of global fireworks exports in 2022.
While Spain, France, the United Kingdom, and Germany witnessed significant growth in fireworks exports since 2021, the United States and Cambodia experienced declines during the same period.
Mainland China led the way with the highest surplus in fireworks exports, underscoring its dominance in manufacturing and exporting fireworks globally. On the other hand, the United States faced the most substantial deficit, indicating opportunities for fireworks-supplying entities to capitalize on consumer demand.
Fireworks Exporting Companies
Key players in the fireworks industry include:
1. CÔNG TY TNHH MỘT THÀNH VIÊN HÓA CHẤT 21: 37.41% ($1.22 Million)
2. CÔNG TY TNHH CHẾ XUẤT BILLION MAX VIỆT NAM: 31.12% ($1.02 Million)
3. CHAMUNDI EXPLOSIVES PVT LTD: 9.69% ($0.32 Million)
4. COMMERCIAL EXPLOSIVES INDIA PRIVATE LIMITED: 3.06% ($0.1 Million)
5. ФОП ПАНЧИШИН МИХАЙЛО ВАСИЛЬОВИЧ: 2.29% ($0.08 Million)
6. ООО "ТЕХ-ИНДУСТРИЯ": 2.2% ($0.07 Million)
7. ТОВ НВО ПІРОСОФТ УКРАЇНА: 1.75% ($0.06 Million)
8. CÔNG TY TNHH XNK VĂN CHÍNH BẮC NINH: 1.47% ($0.05 Million)
9. КОВШ АЛЕКСЕЙ СЕРГЕЕВИЧ: 1.39% ($0.05 Million)
10. CHEER SAGAR EXPORTS: 1.18% ($0.04 Million)
These companies play a pivotal role in meeting the global demand for fireworks, ensuring spectacular displays and celebrations worldwide.
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