India: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in India

The Indian fire extinguisher market fell to $X in 2022, flattening at the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +48.1% against 2015 indices. Over the period under review, the market attained the peak level at $X in 2021, and then declined modestly in the following year.

Fire Extinguisher Production in India

In value terms, fire extinguisher production contracted modestly to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2022: its value 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, production decreased by -0.9% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 24%. Fire extinguisher production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Fire Extinguisher Exports

Exports from India

In 2022, after two years of growth, there was significant decline in shipments abroad of fire extinguishers, when their volume decreased by -69.8% to X units. Over the period under review, exports, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2013 with an increase of 208% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then fell remarkably in the following year.

In value terms, fire extinguisher exports shrank markedly to $X in 2022. Overall, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by 197%. The exports peaked at $X in 2021, and then declined rapidly in the following year.

Exports by Country

The United Arab Emirates (X units), Italy (X units) and France (X units) were the main destinations of fire extinguisher exports from India.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +119.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United Arab Emirates ($X) and France ($X) constituted the largest markets for fire extinguisher exported from India worldwide.

Among the main countries of destination, the UK, with a CAGR of +126.3%, saw 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

The average fire extinguisher export price stood at $X per unit in 2022, surging by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to the United Arab Emirates ($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 Bhutan (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into India

In 2022, the amount of fire extinguishers imported into India shrank rapidly to X units, reducing by -66.9% against the previous year's figure. Overall, imports faced a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 140% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, fire extinguisher imports shrank to $X in 2022. Over the period under review, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 148%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), the Netherlands (X units) and Italy (X units) were the main suppliers of fire extinguisher imports to India.

From 2012 to 2022, the biggest increases were recorded for Cyprus (with a CAGR of +33.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Italy ($X) constituted the largest fire extinguisher suppliers to India, with a combined 45% share of total imports. Cyprus, Germany, France, China, South Korea, the UK, Denmark, Norway and the United Arab Emirates lagged somewhat behind, together accounting for a further 42%.

Cyprus, with a CAGR of +32.9%, saw the highest rates of growth with regard to the value of imports, among 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, rising by 163% against the previous year. Overall, the import price recorded a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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