ASEAN: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in ASEAN

The ASEAN fire extinguisher market expanded slightly to $X in 2022, rising by 1.9% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Fire Extinguisher Production in ASEAN

In value terms, fire extinguisher production rose slightly to $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 15% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Fire Extinguisher Exports

Exports in ASEAN

For the third consecutive year, ASEAN recorded decline in overseas shipments of fire extinguishers, which decreased by -20.3% to X units in 2022. Overall, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2013 when exports increased by 50% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, fire extinguisher exports stood at $X in 2022. Over the period under review, exports showed a mild shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 33%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Malaysia (X units) and Vietnam (X units) were the key exporters of fire extinguishers in ASEAN, together comprising 83% of total exports. It was distantly followed by Singapore (X units), creating a 13% share of total exports. Thailand (X units) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +6.5%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest fire extinguisher supplying countries in ASEAN were Singapore ($X), Malaysia ($X) and Vietnam ($X), with a combined 91% share of total exports.

In terms of the main exporting countries, Malaysia, with a CAGR of -0.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, with an increase of 26% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fire extinguisher export price increased by +68.6% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+12.6%), while the other leaders experienced more modest paces of growth.

Fire Extinguisher Imports

Imports in ASEAN

In 2022, overseas purchases of fire extinguishers decreased by -9.5% to X units, falling for the third year in a row after four years of growth. Overall, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 88%. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, fire extinguisher imports contracted modestly to $X in 2022. Total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 41%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Vietnam prevails in imports structure, accounting for X units, which was approx. 64% of total imports in 2022. The Philippines (X units) held the second position in the ranking, followed by Singapore (X units), Malaysia (X units) and Indonesia (X units). All these countries together held approx. 29% share of total imports. Thailand (X units) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the fire extinguishers imports, with a CAGR of +51.5% from 2012 to 2022. At the same time, the Philippines (+17.8%) and Indonesia (+6.4%) displayed positive paces of growth. By contrast, Malaysia (-2.2%), Thailand (-2.3%) and Singapore (-3.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and the Philippines increased by +61 and +3.8 percentage points, respectively.

In value terms, Vietnam ($X), Singapore ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, together accounting for 73% of total imports. The Philippines, Indonesia and Malaysia lagged somewhat behind, together comprising a further 22%.

In terms of the main importing countries, the Philippines, with a CAGR of +15.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, rising by 8.2% against the previous year. Over the period under review, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2020 when the import price increased by 14% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform