Asia: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Asia

The Asian fire extinguisher market amounted to $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +2.1% over the period 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 failed to regain momentum.

Fire Extinguisher Production in Asia

In value terms, fire extinguisher production rose to $X in 2022 estimated in export price. The total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 -3.3% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 19% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Fire Extinguisher Exports

Exports in Asia

In 2022, the amount of fire extinguishers exported in Asia soared to X units, jumping by 30% compared with 2021 figures. The total export volume increased at an average annual rate of +5.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fire extinguisher exports rose sharply to $X in 2022. The total export value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 17% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, amounting to X units, which was approx. 93% of total exports in 2022. The following exporters - South Korea (X units) and the United Arab Emirates (X units) - each accounted for a 4.5% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fire extinguisher exports from China stood at +6.6%. At the same time, the United Arab Emirates (+9.1%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of +9.1% from 2012-2022. By contrast, South Korea (-4.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +5.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest fire extinguisher supplier in Asia, comprising 76% of total exports. The second position in the ranking was held by South Korea ($X), with a 5.5% share of total exports.

In China, fire extinguisher exports increased at an average annual rate of +5.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (-2.0% per year) and the United Arab Emirates (-3.5% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, shrinking by -16.5% against the previous year. In general, the export price recorded a mild downturn. The pace of growth appeared the most rapid in 2021 an increase of 5.4% against the previous year. As a result, the export price reached the peak level of $X per unit, and then shrank significantly in the following year.

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 South Korea ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.0%), while the other leaders experienced a decline in the export price figures.

Fire Extinguisher Imports

Imports in Asia

In 2022, approx. X units of fire extinguishers were imported in Asia; shrinking by -9% on 2021. Total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 -23.8% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 24% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, fire extinguisher imports reached $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 8.8%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam (X units), South Korea (X units), the United Arab Emirates (X units) and Japan (X units) represented roughly 53% of total imports in 2022. It was distantly followed by Taiwan (Chinese) (X units), mixing up a 5.9% share of total imports. The following importers - Iraq (X units), Hong Kong SAR (X units), Bangladesh (X units), Kazakhstan (X units), the Philippines (X units), Singapore (X units), Qatar (X units) and Malaysia (X units) - together made up 24% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +51.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fire extinguisher importing markets in Asia were Japan ($X), the United Arab Emirates ($X) and Vietnam ($X), with a combined 26% share of total imports. South Korea, Singapore, Iraq, Hong Kong SAR, Taiwan (Chinese), Bangladesh, Qatar, the Philippines, Kazakhstan and Malaysia lagged somewhat behind, together comprising a further 29%.

Among the main importing countries, the Philippines, with a CAGR of +15.5%, recorded 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 Asia amounted to $X per unit, with an increase of 11% against the previous year. Over the period under review, the import price, however, showed a perceptible slump. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, 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 (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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