Canada: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Canada

In 2022, the Canadian fire extinguisher market increased by 32% to $X, rising for the seventh year in a row after two years of decline. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value 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, consumption increased by +80.3% against 2015 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fire Extinguisher Production in Canada

In value terms, fire extinguisher production rose rapidly to $X in 2022 estimated in export price. Overall, production showed a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 305% against the previous year. Fire extinguisher production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Fire Extinguisher Exports

Exports from Canada

Fire extinguisher exports from Canada reduced remarkably to X units in 2022, shrinking by -89.3% compared with the previous year's figure. In general, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2014 when exports increased by 98% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, fire extinguisher exports expanded significantly to $X in 2022. Over the period under review, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2014 when exports increased by 99% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X units) was the main destination for fire extinguisher exports from Canada, accounting for a 892% share of total exports. Moreover, fire extinguisher exports to the United States exceeded the volume sent to the second major destination, Mexico (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +9.1%.

In value terms, the United States ($X) remains the key foreign market for fire extinguishers exports from Canada, comprising 87% of total exports. The second position in the ranking was held by Mexico ($X), with a 3.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +11.1%.

Export Prices by Country

In 2022, the average fire extinguisher export price amounted to $X per unit, picking up by 969% against the previous year. Overall, the export price saw a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Mexico totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Fire Extinguisher Imports

Imports into Canada

In 2022, imports of fire extinguishers into Canada surged to X units, picking up by 53% compared with the previous year. Over the period under review, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +3.5% 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 +77.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fire extinguisher imports surged to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest fire extinguisher supplier to Canada, with a 73% share of total imports. Moreover, fire extinguisher imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+3.6% per year) and China (+13.6% per year).

In value terms, the United States ($X) constituted the largest supplier of fire extinguishers to Canada, comprising 73% of total imports. The second position in the ranking was taken by Mexico ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+0.8% per year) and China (+10.6% per year).

Import Prices by Country

The average fire extinguisher import price stood at $X per unit in 2022, dropping by -13.5% against the previous year. In general, the import price recorded a noticeable setback. The pace of growth was the most pronounced in 2013 when the average import price increased by 5.5%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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