Bahrain: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Bahrain

The Bahraini fire extinguisher market declined notably to $X in 2022, dropping by -74.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a mild descent. Fire extinguisher consumption peaked at $X in 2021, and then contracted remarkably in the following year.

Fire Extinguisher Exports

Exports from Bahrain

In 2022, approx. X units of fire extinguishers were exported from Bahrain; jumping by 15% compared with the previous year's figure. Overall, exports, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2014 when exports increased by 1,005% against the previous year. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, fire extinguisher exports fell sharply to $X in 2022. In general, exports, however, showed a pronounced slump. The growth pace was the most rapid in 2021 when exports increased by 1,355% against the previous year. As a result, the exports attained the peak of $X, and then declined remarkably in the following year.

Exports by Country

The United Arab Emirates (X units), Oman (X units) and Saudi Arabia (X units) were the main destinations of fire extinguisher exports from Bahrain, together accounting for 34% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +71.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X) were the largest markets for fire extinguisher exported from Bahrain worldwide, with a combined 23% share of total exports. Canada, Sri Lanka, Free Zones and Germany lagged somewhat behind, together comprising a further 4.3%.

In terms of the main countries of destination, Free Zones, with a CAGR of +98.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fire extinguisher export price stood at $X per unit in 2022, which is down by -83.1% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 1,118%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then reduced dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Germany ($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 Canada (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into Bahrain

In 2022, approx. X units of fire extinguishers were imported into Bahrain; falling by -72.9% compared with 2021. Overall, imports continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2017 with an increase of 112% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, fire extinguisher imports reduced markedly to $X in 2022. Over the period under review, imports, however, enjoyed a tangible increase. The pace of growth appeared the most rapid in 2017 with an increase of 337% against the previous year. Imports peaked at $X in 2021, and then declined remarkably in the following year.

Imports by Country

In 2022, the United Arab Emirates (X units) was the main supplier of fire extinguisher to Bahrain, accounting for a 200% share of total imports. Moreover, fire extinguisher imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Free Zones (X units), threefold. China (X units) ranked third in terms of total imports with a 61% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +27.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (+5.9% per year) and China (+0.8% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of fire extinguishers to Bahrain, comprising 128% of total imports. The second position in the ranking was taken by Free Zones ($X), with a 50% share of total imports. It was followed by Germany, with a 42% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at +30.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (+18.5% per year) and Germany (+11.4% per year).

Import Prices by Country

The average fire extinguisher import price stood at $X per unit in 2022, reducing by -6% against the previous year. Overall, the import price, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 157% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform