Estonia: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Estonia

In 2022, the Estonian fire extinguisher market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated resilient growth from 2012 to 2022: its value 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, consumption decreased by -5.6% against 2019 indices. Fire extinguisher consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Fire Extinguisher Exports

Exports from Estonia

In 2022, overseas shipments of fire extinguishers were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.9% against 2019 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 73%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, fire extinguisher exports skyrocketed to $X in 2022. Overall, exports saw buoyant growth. The growth pace was the most rapid in 2014 with an increase of 574%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Finland (X units) was the main destination for fire extinguisher exports from Estonia, with a 114% share of total exports. Moreover, fire extinguisher exports to Finland exceeded the volume sent to the second major destination, Russia (X units), more than tenfold. The third position in this ranking was taken by Ukraine (X units), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume to Finland totaled +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+1.5% per year) and Ukraine (+52.8% per year).

In value terms, the largest markets for fire extinguisher exported from Estonia were Ukraine ($X), Russia ($X) and Finland ($X).

Among the main countries of destination, Ukraine, with a CAGR of +52.4%, recorded the highest rates of growth with regard to the value of exports, 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, with an increase of 36% against the previous year. Over the period under review, the export price continues to indicate a noticeable expansion. The growth pace was the most rapid in 2014 when the average export price increased by 290%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Finland ($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 Russia (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into Estonia

In 2022, overseas purchases of fire extinguishers increased by 7.2% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +2.9% 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 -24.9% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 38% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, fire extinguisher imports reached $X in 2022. Over the period under review, imports saw a prominent expansion. The pace of growth was the most pronounced in 2014 when imports increased by 141%. As a result, imports reached the peak of $X; afterwards, it flattened through to 2022.

Imports by Country

In 2022, China (X units) constituted the largest supplier of fire extinguisher to Estonia, with a 51% share of total imports. Moreover, fire extinguisher imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. Ukraine (X units) ranked third in terms of total imports with an 8% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+28.3% per year) and Ukraine (+44.9% per year).

In value terms, China ($X), Ukraine ($X) and the United States ($X) constituted the largest fire extinguisher suppliers to Estonia, with a combined 82% share of total imports.

The United States, with a CAGR of +53.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fire extinguisher import price stood at $X per unit in 2022, surging by 2.2% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.2% 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 +56.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 75%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average 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 ($X per unit), while the price for China ($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 (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform