The Big Bang! Commodity Tracking at Your Fingertips
Published:20 May 2015 01:05:40 PST
Fireworks and the Fourth of July go together like global trade and PIERS Data! They are an important part of the celebration; it just wouldn’t be the same without the dazzling display.
It is believed that between 600 and 900 A.D. that Chinese alchemists unwittingly created an early form of gunpowder; first stuffing into bamboo stalks and then evolving into paper tubes. By the 13th century, gunpowder samples began trickling into Europe where fireworks became increasingly popular first to commemorate military victories and later to enhance public celebrations and ceremonies. It was in the 1830s that Italy became famous for their elaborate and colorful displays, being the first to incorporate trace amounts of metals and other additives to create multi-hued sparks and sunbursts!
Simple physics and chemistry, fireworks get their colors from the different temperatures of hot, glowing metals and from the light emitted by burning chemical compounds. Let’s breakdown the average fire work by the elements that create its “design”:
Antimony - Antimony is used to create firework glitter effects.
Barium - Barium is used to create green colors in fireworks.
Copper - Copper compounds produce blue colors in fireworks.
Lithium - Lithium is a metal that is used to impart a red color to fireworks.
Magnesium - Magnesium burns a very bright white.
Phosphorus - Phosphorus is responsible for some glow-in-the-dark effects.
Sodium - Sodium imparts a gold or yellow color to fireworks.
Zinc - Zinc is used to create smoke effects for fireworks.
Using PIERS StatsPlus, we are able to see that China continues to dominate the U.S. fireworks market with 93.7% market share in 2010. Germany’s 50.9% year-over-year growth from 2009 to 2010 is astonishing and seems to come at the expense of China which actually lost declined 8.5% over the same period. Value, growth percentage and market share with the click of a button!
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