Luxembourg: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Luxembourg

The Luxembourg fire extinguisher market declined to $X in 2022, waning by -6.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a perceptible slump. Fire extinguisher consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Fire Extinguisher Exports

Exports from Luxembourg

In 2022, shipments abroad of fire extinguishers decreased by -4.2% to X units for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 498%. Over the period under review, the exports reached the peak figure at X units in 2021, and then fell modestly in the following year.

In value terms, fire extinguisher exports rose markedly to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 274%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

France (X units) was the main destination for fire extinguisher exports from Luxembourg, with a 42% share of total exports. Moreover, fire extinguisher exports to France exceeded the volume sent to the second major destination, Belgium (X units), fourfold. The third position in this ranking was held by Nigeria (X units), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +42.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+6.7% per year) and Nigeria (-17.5% per year).

In value terms, France ($X) remains the key foreign market for fire extinguishers exports from Luxembourg, comprising 34% of total exports. The second position in the ranking was held by Germany ($X), with an 8.8% share of total exports. It was followed by Belgium, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value to France totaled +38.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+71.9% per year) and Belgium (+6.3% per year).

Export Prices by Country

In 2022, the average fire extinguisher export price amounted to $X per unit, growing by 14% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average export price increased by 36%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Czech Republic ($X per unit), while the average price for exports to Nigeria ($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 Belgium (-0.3%), while the prices for the other major destinations experienced a decline.

Fire Extinguisher Imports

Imports into Luxembourg

In 2022, imports of fire extinguishers into Luxembourg dropped modestly to X units, with a decrease of -4.3% on 2021 figures. In general, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2016 when imports increased by 240%. Imports peaked at X units in 2021, and then contracted modestly in the following year.

In value terms, fire extinguisher imports declined to $X in 2022. Over the period under review, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 162%. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Italy (X units) constituted the largest fire extinguisher supplier to Luxembourg, with a 53% share of total imports. Moreover, fire extinguisher imports from Italy exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), threefold. Germany (X units) ranked third in terms of total imports with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +25.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+38.6% per year) and Germany (+5.4% per year).

In value terms, Italy ($X) constituted the largest supplier of fire extinguishers to Luxembourg, comprising 53% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 19% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+41.1% per year) and Germany (+4.2% per year).

Import Prices by Country

In 2022, the average fire extinguisher import price amounted to $X per unit, dropping by -1.9% against the previous year. Over the period under review, the import price saw a deep contraction. The growth pace was the most rapid in 2013 when the average import price increased by 21%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Czech Republic ($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 (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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