Report Update Nov 1, 2024

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

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Ecuador: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Ecuador

The Ecuadorian fire extinguisher market declined notably to $X in 2022, which is down by -18.2% 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). In general, consumption recorded a deep contraction. Fire extinguisher consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Fire Extinguisher Exports

Exports from Ecuador

Fire extinguisher exports from Ecuador surged to X units in 2022, rising by 80% compared with the previous year. Over the period under review, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2014 when exports increased by 190%. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, fire extinguisher exports skyrocketed to $X in 2022. In general, exports, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 184%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Sudan (X units) was the main destination for fire extinguisher exports from Ecuador, accounting for a 84% share of total exports. Moreover, fire extinguisher exports to Sudan exceeded the volume sent to the second major destination, Chile (X units), more than tenfold. Spain (X units) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sudan stood at +21.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+28.2% per year) and Spain (-6.9% per year).

In value terms, Chile ($X) remains the key foreign market for fire extinguishers exports from Ecuador, comprising 62% of total exports. The second position in the ranking was taken by Sudan ($X), with a 25% share of total exports. It was followed by Spain, with a 0.4% share.

From 2012 to 2022, the average annual growth rate of value to Chile totaled +54.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (-7.0% per year) and Spain (+5.7% per year).

Export Prices by Country

In 2022, the average fire extinguisher export price amounted to $X per unit, shrinking by -21.4% against the previous year. In general, the export price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 an increase of 250%. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Spain ($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 Rwanda (+140.9%), while the prices for the other major destinations experienced mixed trend patterns.

Fire Extinguisher Imports

Imports into Ecuador

Fire extinguisher imports into Ecuador reduced remarkably to X units in 2022, which is down by -18.3% against the previous year's figure. Overall, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2018 with an increase of 118% against the previous year. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, fire extinguisher imports shrank rapidly to $X in 2022. In general, imports showed a deep reduction. The pace of growth was the most pronounced in 2018 when imports increased by 57%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of fire extinguisher to Ecuador, with a 102% share of total imports. It was followed by the United States (X units), with a 2.5% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -1.5%.

In value terms, China ($X) constituted the largest supplier of fire extinguishers to Ecuador, comprising 61% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at -5.3%.

Import Prices by Country

In 2022, the average fire extinguisher import price amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the import price, however, recorded a perceptible reduction. The growth pace was the most rapid in 2016 an increase of 26% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-2.0%).

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, comprising approx. 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 Ecuador?

In value terms, China constituted the largest supplier of fire extinguisher to Ecuador, comprising 62% of total imports. The second position in the ranking was occupied by Mexico, with a 17% share of total imports.

What are the leading importers of fire extinguishers from Ecuador?

In value terms, the United States remains the key foreign market for fire extinguisher exports from Ecuador.

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

In 2021, the average fire extinguisher export price amounted to $1,325 per unit, picking up by 253% against the previous year.

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

In 2021, the average fire extinguisher import price amounted to $20 per unit, surging by 4% against the previous year.

This report provides an in-depth analysis of the fire extinguisher market in Ecuador. 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:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
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