GCC: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in GCC

The GCC fire extinguisher market declined to $X in 2022, dropping by -3.1% against the previous year. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.3% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Fire Extinguisher Production in GCC

In value terms, fire extinguisher production fell modestly to $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 -5.8% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 45% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Fire Extinguisher Exports

Exports in GCC

In 2022, overseas shipments of fire extinguishers increased by 1.6% to X units for the first time since 2019, thus ending a two-year declining trend. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.0% 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 -16.0% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 66%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, fire extinguisher exports fell to $X in 2022. Overall, exports, however, continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 with an increase of 71% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, finishing at X units, which was approx. 95% of total exports in 2022. Saudi Arabia (X units) took a minor share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the fire extinguishers exports, with a CAGR of +9.1% from 2012 to 2022. Saudi Arabia (-8.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by +16 percentage points.

In value terms, the United Arab Emirates ($X) remains the largest fire extinguisher supplier in GCC, comprising 94% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 3.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to -3.5%.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, shrinking by -13.8% against the previous year. Over the period under review, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of 55%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Saudi Arabia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-4.6%).

Fire Extinguisher Imports

Imports in GCC

In 2022, approx. X units of fire extinguishers were imported in GCC; with a decrease of -5.9% against the year before. Overall, imports, however, saw a strong increase. The growth pace was the most rapid in 2015 when imports increased by 46%. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, fire extinguisher imports totaled $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 24% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the main importing country with an import of about X units, which amounted to 69% of total imports. Qatar (X units) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Oman (9.2%) and Kuwait (8%).

The United Arab Emirates was also the fastest-growing in terms of the fire extinguishers imports, with a CAGR of +11.2% from 2012 to 2022. At the same time, Kuwait (+3.4%) and Oman (+1.3%) displayed positive paces of growth. Qatar experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United Arab Emirates increased by +24 percentage points.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported fire extinguishers in GCC, comprising 44% of total imports. The second position in the ranking was taken by Qatar ($X), with a 9.7% share of total imports. It was followed by Kuwait, with a 9.5% share.

In the United Arab Emirates, fire extinguisher imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Qatar (-4.2% per year) and Kuwait (+1.8% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, increasing by 6.8% against the previous year. In general, the import price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2017 when the import price increased by 19%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (-1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform