Firework prices skyrocket, retailers say SWMO customers are getting less bang for their buck
SPRINGFIELD, Mo. (KY3) - We are only one month away from celebrating the Fourth of July, but retailers tell us that you may not get as much bang for your buck this year if you purchase fireworks.
“The majority of our fireworks comes from China. You can’t just pick up the phone and order more,” said Mike Ingram with Fireworks Supermarket in Springfield.
Last year’s lockdowns lead to an increase in fireworks sales. This year, the firework supply is down.
“The problem is getting them to produce in China. We were fortunate to have staff in China, and they did an unbelievable job getting product out for this year, but the whole supply chain is basically broken,” said Ingram.
The problem with the supply chain traces back to the Suez Canal blockage and COVID-19 regulations. Retailers say that there are containers of fireworks sitting in containers in the Pacific Ocean, and the shipping cost has nearly tripled.
“The Fourth of July is nearly 30 days away, so it’s a tremendous problem,” said Ingram
This shipping cost and lack of supply is having its impact on prices too.
“Across the board, it’s anywhere from 30-50% higher than last year for the retailers to buy fireworks from the wholesalers,” said Shaun Hauter with Hauter Fireworks.
If you have a favorite firework that you hope to display this year you better get it while you can.
“As a retailer, purchasing from wholesalers here in the U.S., I have had difficulty finding product. We did shop early and found most of it, but last-minute trying to find all the items that everyone wants, it was a bit of a struggle to find what everyone wants,” said Houter.
Fireworks will go on sale for people who live in Missouri on June 20. Retailers encourage shoppers to buy sooner rather than later because fireworks may shoot off the shelf.
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