Bulgaria: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Bulgaria

The Bulgarian fire extinguisher market reduced modestly to $X in 2022, approximately mirroring the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 +36.3% against 2020 indices. As a result, consumption attained the peak level of $X, and then fell in the following year.

Fire Extinguisher Production in Bulgaria

In value terms, fire extinguisher production amounted to $X in 2022 estimated in export price. Overall, production showed a deep contraction. The growth pace was the most rapid in 2014 when the production volume increased by 5.4% against the previous year. Fire extinguisher production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Fire Extinguisher Exports

Exports from Bulgaria

In 2022, approx. X units of fire extinguishers were exported from Bulgaria; dropping by -7.5% compared with 2021. Over the period under review, exports, however, saw a strong expansion. The growth pace was the most rapid in 2019 with an increase of 90% against the previous year. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, fire extinguisher exports dropped dramatically to $X in 2022. In general, exports, however, showed strong growth. The pace of growth was the most pronounced in 2021 with an increase of 176% against the previous year. As a result, the exports attained the peak of $X, and then reduced dramatically in the following year.

Exports by Country

Greece (X units), Serbia (X units) and Iran (X units) were the main destinations of fire extinguisher exports from Bulgaria, together accounting for 83% of total exports. Bosnia and Herzegovina, Georgia, Italy and North Macedonia lagged somewhat behind, together comprising a further 7.5%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +45.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Greece ($X), Serbia ($X) and Iran ($X) appeared to be the largest markets for fire extinguisher exported from Bulgaria worldwide, together comprising 75% of total exports. Bosnia and Herzegovina, Georgia, Italy and North Macedonia lagged somewhat behind, together accounting for a further 5%.

In terms of the main countries of destination, Italy, with a CAGR of +28.8%, saw the highest growth rate of 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, waning by -52.6% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 134% against the previous year. As a result, the export price attained the peak level of $X per unit, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per unit), while the average price for exports to Italy ($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 Georgia (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into Bulgaria

In 2022, the amount of fire extinguishers imported into Bulgaria fell to X units, with a decrease of -8% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.2% 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 2018 with an increase of 21% against the previous year. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, fire extinguisher imports rose slightly 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 +51.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) was the main supplier of fire extinguisher to Bulgaria, with a 92% share of total imports. Moreover, fire extinguisher imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was held by Greece (X units), with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.6% per year) and Greece (-10.2% per year).

In value terms, China ($X) constituted the largest supplier of fire extinguishers to Bulgaria, comprising 76% of total imports. The second position in the ranking was held by Italy ($X), with a 6.4% share of total imports. It was followed by Greece, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.4% per year) and Greece (-5.1% per year).

Import Prices by Country

In 2022, the average fire extinguisher import price amounted to $X per unit, rising by 11% against the previous year. Over the period under review, the import price recorded a mild expansion. The growth pace was the most rapid in 2014 an increase of 26% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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