Croatia: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Croatia

The Croatian fire extinguisher market skyrocketed to $X in 2022, rising by 185% against the previous year. In general, consumption continues to indicate a modest expansion. Fire extinguisher consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Fire Extinguisher Production in Croatia

In value terms, fire extinguisher production skyrocketed to $X in 2022 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -22.6% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 65%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Fire Extinguisher Exports

Exports from Croatia

In 2022, approx. X units of fire extinguishers were exported from Croatia; almost unchanged from 2021 figures. In general, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 32% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, fire extinguisher exports soared to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units), Bosnia and Herzegovina (X units) and Germany (X units) were the main destinations of fire extinguisher exports from Croatia.

From 2012 to 2022, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +10.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Bosnia and Herzegovina ($X) and Germany ($X) constituted the largest markets for fire extinguisher exported from Croatia worldwide, together comprising 68% of total exports.

Bosnia and Herzegovina, with a CAGR of +7.8%, saw the highest growth rate of the value of exports, in terms of 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, rising by 48% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. As a result, the export price reached 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 Serbia ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 Serbia (+24.0%), while the prices for the other major destinations experienced mixed trend patterns.

Fire Extinguisher Imports

Imports into Croatia

In 2022, supplies from abroad of fire extinguishers was finally on the rise to reach X units after two years of decline. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -29.0% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by 73% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, fire extinguisher imports skyrocketed to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 73%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest fire extinguisher supplier to Croatia, accounting for a 44% share of total imports. Moreover, fire extinguisher imports from Italy exceeded the figures recorded by the second-largest supplier, Greece (X units), twofold. China (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+4.2% per year) and China (+15.2% per year).

In value terms, Germany ($X), Italy ($X) and Greece ($X) appeared to be the largest fire extinguisher suppliers to Croatia, together comprising 67% of total imports.

Germany, with a CAGR of +22.3%, recorded the highest growth rate of the value of imports, among the main suppliers 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, increasing by 19% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fire extinguisher import price increased by +57.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 52% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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