Japan: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Japan

The Japanese fire extinguisher market surged to $X in 2022, increasing by 20% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Fire Extinguisher Production in Japan

In value terms, fire extinguisher production soared to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 178% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Fire Extinguisher Exports

Exports from Japan

In 2022, fire extinguisher exports from Japan contracted to X units, with a decrease of -2.1% on 2021. Overall, exports showed a perceptible contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 27%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fire extinguisher exports rose modestly 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 2015 when exports increased by 25% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X units) was the main destination for fire extinguisher exports from Japan, with a 35% share of total exports. Moreover, fire extinguisher exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Indonesia (X units), threefold. Thailand (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Taiwan (Chinese) totaled +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-8.1% per year) and Thailand (-3.6% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for fire extinguishers exports from Japan, comprising 44% of total exports. The second position in the ranking was held by China ($X), with an 18% share of total exports. It was followed by Thailand, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Taiwan (Chinese) amounted to +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+0.1% per year) and Thailand (-11.3% per year).

Export Prices by Country

In 2022, the average fire extinguisher export price amounted to $X per unit, growing by 6.5% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price 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, fire extinguisher export price increased by +41.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 33%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Indonesia ($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 Singapore (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into Japan

In 2022, purchases abroad of fire extinguishers was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 17% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, fire extinguisher imports surged to $X in 2022. The total import value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main fire extinguisher supplier to Japan, accounting for a 106% share of total imports. Moreover, fire extinguisher imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-4.2% per year) and South Korea (-11.1% per year).

In value terms, China ($X) constituted the largest supplier of fire extinguishers to Japan, comprising 78% of total imports. The second position in the ranking was held by Vietnam ($X), with a 3.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-7.5% per year) and South Korea (-14.4% per year).

Import Prices by Country

The average fire extinguisher import price stood at $X per unit in 2022, rising by 9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2021 an increase of 9.4%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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