Finland: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Finland

In 2022, the Finnish fire extinguisher market increased by 2.2% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, recorded resilient growth. Fire extinguisher consumption peaked in 2022 and is expected to retain growth in the immediate term.

Fire Extinguisher Production in Finland

In value terms, fire extinguisher production soared to $X in 2022 estimated in export price. Overall, production, however, recorded a drastic downturn. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Fire Extinguisher Exports

Exports from Finland

In 2022, overseas shipments of fire extinguishers were finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by 70%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fire extinguisher exports contracted to $X in 2022. Overall, exports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of 45%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X units), Germany (X units) and Uruguay (X units) were the main destinations of fire extinguisher exports from Finland, together comprising 31% of total exports. The United States, Denmark, Iceland, Estonia, the Netherlands, China and Saudi Arabia lagged somewhat behind, together accounting for a further 6%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +34.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fire extinguisher exported from Finland were Germany ($X), Sweden ($X) and Uruguay ($X), with a combined 35% share of total exports.

Uruguay, with a CAGR of +31.9%, 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 mixed trend patterns.

Export Prices by Country

The average fire extinguisher export price stood at $X per unit in 2022, dropping by -34.6% against the previous year. Overall, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2021 an increase of 33% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Denmark ($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 South Korea (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into Finland

After two years of growth, supplies from abroad of fire extinguishers decreased by -5.4% to X units in 2022. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.9% 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 +65.6% against 2013 indices. The pace of growth was the most pronounced in 2020 when imports increased by 24% against the previous year. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, fire extinguisher imports rose rapidly to $X in 2022. Overall, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +33.6% against 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X units), Sweden (X units) and China (X units) were the main suppliers of fire extinguisher imports to Finland, together accounting for 88% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +17.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fire extinguisher suppliers to Finland were Sweden ($X), Poland ($X) and China ($X), together accounting for 50% of total imports. Germany and Italy lagged somewhat behind, together accounting for a further 12%.

Among the main suppliers, Italy, with a CAGR of +14.9%, recorded the highest growth rate of the value of imports, 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, increasing by 13% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 17%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :