Belgium: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Belgium

The Belgian fire extinguisher market shrank to $X in 2022, reducing by -10.4% against the previous year. Over the period under review, consumption showed a deep setback. Fire extinguisher consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Fire Extinguisher Production in Belgium

In value terms, fire extinguisher production dropped modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 4.3%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Fire Extinguisher Exports

Exports from Belgium

In 2022, approx. X units of fire extinguishers were exported from Belgium; growing by 3.7% compared with the previous year's figure. Overall, total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 71% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, fire extinguisher exports soared to $X in 2022. In general, exports showed strong growth. The pace of growth was the most pronounced in 2020 with an increase of 119%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X units) was the main destination for fire extinguisher exports from Belgium, accounting for a 30% share of total exports. Moreover, fire extinguisher exports to the Netherlands exceeded the volume sent to the second major destination, Austria (X units), twofold. Switzerland (X units) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+3.0% per year) and Switzerland (+2.3% per year).

In value terms, the Netherlands ($X), the UK ($X) and France ($X) constituted the largest markets for fire extinguisher exported from Belgium worldwide, with a combined 23% share of total exports. Austria, Poland, the United States, Germany, Switzerland and Luxembourg lagged somewhat behind, together comprising a further 14%.

Among the main countries of destination, Switzerland, with a CAGR of +2.9%, saw 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

In 2022, the average fire extinguisher export price amounted to $X per unit, increasing by 34% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 +94.8% against 2019 indices. As a result, the export price attained 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 the UK ($X per unit), while the average price for exports to Austria ($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 France (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into Belgium

After two years of decline, supplies from abroad of fire extinguishers increased by 2.5% to X units in 2022. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 53%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, fire extinguisher imports reduced to $X in 2022. In general, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +7.6% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 61% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

China (X units), the Netherlands (X units) and Greece (X units) were the main suppliers of fire extinguisher imports to Belgium, with a combined 50% share of total imports. Italy, France, Germany, Poland, Croatia and the UK lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +162.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of fire extinguishers to Belgium, comprising 36% of total imports. The second position in the ranking was held by China ($X), with a 10% share of total imports. It was followed by France, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.2% per year) and France (+0.4% per year).

Import Prices by Country

In 2022, the average fire extinguisher import price amounted to $X per unit, declining by -10.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 23%. As a result, import price reached the peak level of $X per unit, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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