Asia-Pacific: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Asia-Pacific

The Asia-Pacific fire extinguisher market totaled $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Fire Extinguisher Production in Asia-Pacific

In value terms, fire extinguisher production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 17%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Fire Extinguisher Exports

Exports in Asia-Pacific

In 2022, approx. X units of fire extinguishers were exported in Asia-Pacific; jumping by 31% compared with 2021. The total export volume increased at an average annual rate of +5.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fire extinguisher exports amounted to $X in 2022. The total export value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

China prevails in exports structure, amounting to X units, which was near 96% of total exports in 2022. South Korea (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the fire extinguishers exports, with a CAGR of +6.6% from 2012 to 2022. South Korea (-4.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +6.9 percentage points.

In value terms, China ($X) remains the largest fire extinguisher supplier in Asia-Pacific, comprising 86% of total exports. The second position in the ranking was held by South Korea ($X), with a 6.1% share of total exports.

In China, fire extinguisher exports expanded at an average annual rate of +5.1% over the period from 2012-2022.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, waning by -17.7% against the previous year. Over the period under review, the export price saw a mild contraction. The pace of growth was the most pronounced in 2021 when the export price increased by 4.2%. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.0%).

Fire Extinguisher Imports

Imports in Asia-Pacific

Fire extinguisher imports reduced to X units in 2022, waning by -6.4% on the previous year's figure. Total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 -17.6% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by 31% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, fire extinguisher imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when imports increased by 24%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the four major importers of fire extinguishers, namely Vietnam, Australia, South Korea and Japan, represented more than two-thirds of total import. Taiwan (Chinese) (X units) held a 6.9% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (4.9%). Bangladesh (X units), the Philippines (X units), Singapore (X units), Malaysia (X units), Indonesia (X units) and New Zealand (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading 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-Pacific were Australia ($X), Japan ($X) and Vietnam ($X), together accounting for 39% of total imports. South Korea, Singapore, Hong Kong SAR, Taiwan (Chinese), Bangladesh, the Philippines, Indonesia, New Zealand and Malaysia lagged somewhat behind, together comprising a further 34%.

In terms of the main importing countries, the Philippines, with a CAGR of +15.5%, saw the highest growth rate of 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-Pacific amounted to $X per unit, picking up by 8.4% against the previous year. Over the period under review, the import price, however, showed a mild slump. The pace of growth appeared the most rapid in 2020 when the import price increased by 12%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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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