Lithuania: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Lithuania

The Lithuanian fire extinguisher market skyrocketed to $X in 2022, increasing by 18% against the previous year. Over the period under review, consumption continues to indicate a remarkable increase. Fire extinguisher consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Fire Extinguisher Production in Lithuania

In value terms, fire extinguisher production skyrocketed to $X in 2022 estimated in export price. Overall, production posted a noticeable expansion. The growth pace was the most rapid in 2020 with an increase of 72%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Fire Extinguisher Exports

Exports from Lithuania

In 2022, the amount of fire extinguishers exported from Lithuania skyrocketed to X units, picking up by 17% against the previous year. Over the period under review, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2013 when exports increased by 44% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, fire extinguisher exports surged to $X in 2022. Overall, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 -26.5% against 2018 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 74%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units), Estonia (X units) and Turkey (X units) were the main destinations of fire extinguisher exports from Lithuania, together accounting for 44% of total exports. The UK, Saudi Arabia, the Netherlands, Greece, Latvia, Poland, France, Denmark, Norway and the Czech Republic lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +157.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Estonia ($X) and the UK ($X) appeared to be the largest markets for fire extinguisher exported from Lithuania worldwide, with a combined 37% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +143.1%, recorded 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

The average fire extinguisher export price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. In general, the export price saw a noticeable decline. The most prominent rate of growth was recorded in 2018 an increase of 49%. 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 remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Denmark ($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 Poland (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into Lithuania

In 2022, approx. X units of fire extinguishers were imported into Lithuania; almost unchanged from the year before. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by +0.7% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 72%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, fire extinguisher imports surged to $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.6% 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 +49.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 92%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X units), Poland (X units) and Greece (X units) were the main suppliers of fire extinguisher imports to Lithuania, with a combined 85% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +83.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fire extinguisher suppliers to Lithuania were China ($X), Poland ($X) and Estonia ($X), together comprising 69% of total imports. Greece, Latvia and the Czech Republic lagged somewhat behind, together accounting for a further 9.4%.

Among the main suppliers, Greece, with a CAGR of +118.4%, saw the highest rates of growth with regard to 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

In 2022, the average fire extinguisher import price amounted to $X per unit, with an increase of 25% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 28% against the previous year. The import price peaked at $X per unit in 2012; afterwards, it flattened through to 2022.

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 Estonia ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform