Denmark: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Denmark

The Danish fire extinguisher market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption, however, saw a deep contraction. Fire extinguisher consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Fire Extinguisher Production in Denmark

In value terms, fire extinguisher production surged to $X in 2022 estimated in export price. In general, production recorded a strong increase. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Fire Extinguisher Exports

Exports from Denmark

In 2022, fire extinguisher exports from Denmark declined modestly to X units, which is down by -4% compared with 2021. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +8.8% 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 +46.9% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of 78%. The exports peaked at X units in 2021, and then fell slightly in the following year.

In value terms, fire extinguisher exports fell modestly to $X in 2022. Overall, exports, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 55% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Germany (X units), China (X units) and Sweden (X units) were the main destinations of fire extinguisher exports from Denmark, together comprising 39% of total exports. The Netherlands, Greenland, Spain, France, India, Norway, the UK, Finland, Saudi Arabia and Turkey lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +80.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fire extinguisher exported from Denmark were Sweden ($X), India ($X) and Germany ($X), with a combined 41% share of total exports. France, the Netherlands, the UK, Turkey, Saudi Arabia, Finland, Spain, China, Norway and Greenland lagged somewhat behind, together accounting for a further 40%.

Saudi Arabia, with a CAGR of +82.0%, saw the highest rates of growth with regard to 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

In 2022, the average fire extinguisher export price amounted to $X per unit, rising by 2.3% against the previous year. Overall, the export price, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2018 an increase of 61% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to China ($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 Sweden (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into Denmark

In 2022, imports of fire extinguishers into Denmark contracted to X units, shrinking by -1.7% against the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 19% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, fire extinguisher imports skyrocketed to $X in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +9.0% 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 +60.4% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 35% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest fire extinguisher supplier to Denmark, with a 71% share of total imports. Moreover, fire extinguisher imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. The third position in this ranking was taken by Italy (X units), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+207.7% per year) and Italy (+28.4% per year).

In value terms, China ($X) constituted the largest supplier of fire extinguishers to Denmark, comprising 24% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Poland, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.1% per year) and Poland (+188.7% per year).

Import Prices by Country

In 2022, the average fire extinguisher import price amounted to $X per unit, jumping by 28% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +8.2% 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 +57.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 30% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: 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 the Czech Republic (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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