Italy: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Italy

The Italian fire extinguisher market reduced sharply to $X in 2022, which is down by -26.2% against the previous year. Overall, consumption, however, posted a measured expansion. As a result, consumption attained the peak level of $X, and then fell sharply in the following year.

Fire Extinguisher Production in Italy

In value terms, fire extinguisher production reduced rapidly to $X in 2022 estimated in export price. In general, production, however, posted a resilient increase. The growth pace was the most rapid in 2018 when the production volume increased by 458% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Fire Extinguisher Exports

Exports from Italy

In 2022, approx. X units of fire extinguishers were exported from Italy; waning by -8.7% on 2021. In general, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +10.5% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by 34% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then reduced in the following year.

In value terms, fire extinguisher exports reduced to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 54% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X units), Luxembourg (X units) and Germany (X units) were the main destinations of fire extinguisher exports from Italy, together accounting for 36% of total exports. Belgium, Spain, Bulgaria, the Netherlands, Cyprus, Poland, Denmark, the UK, the Czech Republic and Austria lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cyprus (with a CAGR of +47.1%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Luxembourg ($X) were the largest markets for fire extinguisher exported from Italy worldwide, with a combined 30% share of total exports. The UK, Belgium, Spain, Bulgaria, the Netherlands, Poland, Denmark, Cyprus, Austria and the Czech Republic lagged somewhat behind, together comprising a further 28%.

Among the main countries of destination, Cyprus, with a CAGR of +32.6%, saw the highest growth rate of 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, declining by -5.8% against the previous year. Over the period under review, the export price saw a deep slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 the UK ($X per unit), while the average price for exports to Cyprus ($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 the UK (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.

Fire Extinguisher Imports

Imports into Italy

In 2022, overseas purchases of fire extinguishers were finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 55% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, fire extinguisher imports expanded notably to $X in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 48%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest fire extinguisher supplier to Italy, accounting for a 68% share of total imports. Moreover, fire extinguisher imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), more than tenfold. Germany (X units) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+11.2% per year) and Germany (+4.4% per year).

In value terms, China ($X) constituted the largest supplier of fire extinguishers to Italy, comprising 29% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Poland, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.4% per year) and Poland (+12.4% per year).

Import Prices by Country

The average fire extinguisher import price stood at $X per unit in 2022, growing by 5.4% against the previous year. Overall, the import price saw strong growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 32%. The import price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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