Report Update Nov 1, 2024

Colombia - Fire Extinguishers - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Colombia

The Colombian fire extinguisher market contracted to $X in 2022, reducing by -13.7% 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). The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Fire Extinguisher Exports

Exports from Colombia

In 2022, after two years of growth, there was significant decline in overseas shipments of fire extinguishers, when their volume decreased by -9.3% to X units. Overall, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 933% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, fire extinguisher exports declined rapidly to $X in 2022. Over the period under review, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of 555% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Peru (X units) was the main destination for fire extinguisher exports from Colombia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Peru stood at +33.6%.

In value terms, Peru ($X) also remains the key foreign market for fire extinguishers exports from Colombia.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru stood at +79.6%.

Export Prices by Country

The average fire extinguisher export price stood at $X per unit in 2022, with a decrease of -9.4% against the previous year. Overall, the export price, however, saw a prominent increase. The pace of growth was the most pronounced in 2018 an increase of 86%. The export price peaked at $X per unit in 2021, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to +34.5% per year.

Fire Extinguisher Imports

Imports into Colombia

In 2022, the amount of fire extinguishers imported into Colombia shrank to X units, waning by -12.3% compared with 2021. In general, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2014 with an increase of 94%. Over the period under review, imports attained the maximum at X units in 2021, and then dropped in the following year.

In value terms, fire extinguisher imports shrank to $X in 2022. Overall, imports saw a mild curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of fire extinguisher to Colombia, accounting for a 84% share of total imports. Moreover, fire extinguisher imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.9% per year) and Mexico (+3.6% per year).

In value terms, the United States ($X), China ($X) and Mexico ($X) appeared to be the largest fire extinguisher suppliers to Colombia, together accounting for 96% of total imports.

Among the main suppliers, China, with a CAGR of +18.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average fire extinguisher import price amounted to $X per unit, reducing by -3% against the previous year. Overall, the import price saw a abrupt decrease. The growth pace was the most rapid in 2015 when the average import price increased by 21% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($X per unit), while the price for China ($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 United States (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fire extinguishers in the world?

The countries with the highest volumes of in 2021 were China, India and the United States, together accounting for 45% of global consumption. These countries were followed by Japan, France, Brazil, Mexico, Germany, the UK, South Korea, Saudi Arabia and Spain, which together accounted for a further 34%.

What are the largest producers of fire extinguishers in the world?

China constituted the country with the largest volume of fire extinguisher production, accounting for 46% of total volume. Moreover, fire extinguisher production in China exceeded the figures recorded by the second-largest producer, India, fivefold. The third position in this ranking was occupied by Mexico, with a 6.2% share.

What are the leading suppliers of fire extinguishers to Colombia?

In value terms, the United States and China constituted the largest fire extinguisher suppliers to Colombia.

What are the leading importers of fire extinguishers from Colombia?

In value terms, Panama remains the key foreign market for fire extinguisher exports from Colombia, comprising 93% of total exports. The second position in the ranking was occupied by Peru, with a 7% share of total exports.

What is the average export price for fire extinguishers in Colombia?

In 2021, the average fire extinguisher export price amounted to $22 per unit, remaining stable against the previous year.

What is the average import price for fire extinguishers in Colombia?

The average fire extinguisher import price stood at $35 per unit in 2021, rising by 4.2% against the previous year.

This report provides an in-depth analysis of the fire extinguisher market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28292210 - Fire extinguishers

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023