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China's fireworks market into the selling season, price increase sharply

January 10,2023

As the Chinese New Year approaches, China's domestic fireworks market has entered the selling season. The price of many fireworks and firecrackers products has increased significantly.

Reasons for the recent increase in fireworks prices: An increase in willingness to play fireworks as China loosens COVID restrictions.

Due to the shortage of fireworks workers in factories caused by the epidemic, most products are seriously out of stock and demand exceeds supply. Industry experts suggest there could still be a shortage of inventory in 2023, and high prices are still a possibility.

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Besides, International shipping prices for fireworks continue to fall. In particular, the price of fireworks containers destined for the USA and Europe has fallen sharply.

The global market has also recovered significantly, and people's enthusiasm for fireworks has resumed as the pandemic draws to a close, London, Sydney, Dubai, Paris, Hong Kong and some other places welcomed the New Year with stunning fireworks shows. These shows, held again after a lapse of three years, attracted a large number of enthusiastic citizens.