China: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in China

In 2022, the Chinese fire extinguisher market decreased by -29.1% to $X, falling for the second year in a row after five years of growth. In general, consumption, however, showed a relatively flat trend pattern. Fire extinguisher consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Fire Extinguisher Production in China

In value terms, fire extinguisher production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 17%. Fire extinguisher production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Fire Extinguisher Exports

Exports from China

In 2022, approx. X units of fire extinguishers were exported from China; growing by 36% compared with 2021 figures. Overall, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.7% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fire extinguisher exports stood at $X in 2022. The total export value increased at an average annual rate of +5.1% 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 2021 when exports increased by 18% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

The United States (X units), Vietnam (X units) and South Korea (X units) were the main destinations of fire extinguisher exports from China, together accounting for 22% 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 States (with a CAGR of +41.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fire extinguisher exported from China were Japan ($X), the UK ($X) and Australia ($X), with a combined 25% share of total exports. Vietnam, South Korea, the United Arab Emirates, the United States, Spain, Chile, Saudi Arabia, Indonesia, the Philippines and Nigeria lagged somewhat behind, together comprising a further 31%.

The United States, with a CAGR of +16.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 -17.1% against the previous year. Overall, the export price recorded a mild descent. The pace of growth appeared the most rapid in 2021 an increase of 7.4%. As a result, the export price attained the peak level of $X per unit, and then fell remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to the United States ($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 Spain (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into China

In 2022, supplies from abroad of fire extinguishers decreased by -87.9% to X units, falling for the second year in a row after two years of growth. In general, imports saw a sharp shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 23%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, fire extinguisher imports fell to $X in 2022. Overall, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.1% 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 +109.2% against 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 36%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, South Korea (X units) was the main supplier of fire extinguisher to China, accounting for a 486% share of total imports. Moreover, fire extinguisher imports from South Korea exceeded the figures recorded by the second-largest supplier, Singapore (X units), more than tenfold. The third position in this ranking was taken by Malaysia (X units), with a 29% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea totaled -8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+18.6% per year) and Malaysia (+3.5% per year).

In value terms, the largest fire extinguisher suppliers to China were the United States ($X), South Korea ($X) and Singapore ($X), together comprising 66% of total imports. Cyprus, Denmark, Germany, Italy, Malaysia, Thailand, France and Norway lagged somewhat behind, together accounting for a further 16%.

In terms of the main suppliers, Cyprus, with a CAGR of +142.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average fire extinguisher import price amounted to $X per unit, with an increase of 648% against the previous year. Over the period under review, the import price recorded a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 United States ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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