The Mexican town of Tultepec is wrapping up the week with a showcase of fireworks. It's a final, grand display for its annual, international fair. And, as CGTN's Alasdair Baverstock reports, it's closing out with a bang.

Fireworks in Mexico, and one of the best displays you'll witness anywhere in the world, in a tiny town close to Mexico City.

The little town of Tultepec runs on pyrotechnics. Its economy is based almost entirely on their manufacture and sale, and every year spectators and industry professionals from across the world attend its annual exhibition, many to compete for the crown of top pyrotechnician.

LAURA LUTGER GERMAN FIREWORKS PROFESSIONAL "For us it's amazing, because normally when we do shows we buy the pyrotechnics. They are already done, and here we get the chance to go to the people and see how they are made, and in fact some of the parts of the show we made with them. It was amazing, because if we were in Germany, even if you find someone who is doing pyrotechnics, you don't really get the chance to actually go in there."

This year, Tultepec's annual event drew fireworks industry leaders from Europe and South America.

ALASDAIR BAVERSTOCK TULTEPEC, MEXICO "Many people consider Tultepec, the pyrotechnics capital of the Western Hemisphere. And while a number of deadly fireworks accidents have cost dozens of lives, the town's industry and passion for fireworks continues to draw big crowds."

But Tultepec's annual festival isn't just for fun. It's a chance for the town to showcase its latest innovations to the world.

MANUEL URBAN TULTEPEC PYROTECHNICIAN "Tultepec makes 80% of all the fireworks used in Mexico, and so this is a flagship event for us to show off our products to the world. We show off our talent, and ability to compete on the international level with quality, design and teamwork."

It's a chance for visitors from around the world to see the cutting edge of pyrotechnics, a growing global industry that is projected grow more than $2.5 million by 2022.

ROCIO DIAZ VISITOR "It's amazing. I came last year and loved it, so I brought my kids along this year, to share it with them."

As Tultepec's annual event comes to an end, the crowds go home satisfied, and for the professionals who witnessed it, the event will continue to echo across the globe. Alasdair Baverstock, CGTN, Tultepec, Mexico.