Australia: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Australia

For the third consecutive year, the Australian fire extinguisher market recorded growth in sales value, which increased by 23% to $X in 2022. Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +93.3% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fire Extinguisher Exports

Exports from Australia

In 2022, shipments abroad of fire extinguishers decreased by -69.5% to X units, falling for the fifth year in a row after three years of growth. In general, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2016 with an increase of 154%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, fire extinguisher exports declined to $X in 2022. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 69% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Papua New Guinea (X units), China (X units) and New Zealand (X units) were the main destinations of fire extinguisher exports from Australia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +36.0%), while the other leaders experienced mixed trend patterns.

In value terms, Papua New Guinea ($X) remains the key foreign market for fire extinguishers exports from Australia, comprising 253% of total exports. The second position in the ranking was taken by China ($X), with a 53% share of total exports. It was followed by New Zealand, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Papua New Guinea totaled +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+5.8% per year) and New Zealand (-10.1% per year).

Export Prices by Country

In 2022, the average fire extinguisher export price amounted to $X per unit, jumping by 186% against the previous year. Overall, the export price saw a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+42.4%), while the prices for the other major destinations experienced mixed trend patterns.

Fire Extinguisher Imports

Imports into Australia

In 2022, overseas purchases of fire extinguishers increased by 16% to X units, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of +5.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 18%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, fire extinguisher imports skyrocketed to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.8% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 27% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest fire extinguisher supplier to Australia, with a 88% share of total imports. Moreover, fire extinguisher imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold. The third position in this ranking was held by the United States (X units), with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+9.0% per year) and the United States (-0.7% per year).

In value terms, China ($X) constituted the largest supplier of fire extinguishers to Australia, comprising 74% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by the UK, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.0% per year) and the UK (+19.3% per year).

Import Prices by Country

The average fire extinguisher import price stood at $X per unit in 2022, rising by 4.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 9.2% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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