More consumers expected to purchase fireworks this July 4 as prices drop [Video]

More people than ever are expected to shoot off fireworks this year as fireworks makers are expecting higher revenues despite lower prices.

According to the American Pyrotechnics Association, the average cost of fireworks is down between 5% and 10% this year compared to last year. Fireworks makers say ocean shipping rates have declined since the height of the supply chain crisis following the pandemic, which is making fireworks more affordable.

Meanwhile, the American Pyrotechnics Association expects consumer spending on fireworks to increase by nearly $100 million compared to last year.

“Our member companies are reporting strong consumer fireworks sales numbers, and we predict revenues could exceed $2.4 billion for the 2024 fireworks season,” said Julie L. Heckman, executive director of the American Pyrotechnics Association.

The industry saw a huge jump in spending during the pandemic. Consumer firework spending nearly doubled between 2019 and 2020, going from a $1 billion per …