Malaysia: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Malaysia

The Malaysian fire extinguisher market totaled $X in 2022, increasing by 8% against the previous year. In general, consumption recorded a resilient increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Fire Extinguisher Production in Malaysia

In value terms, fire extinguisher production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 52%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Fire Extinguisher Exports

Exports from Malaysia

In 2022, exports of fire extinguishers from Malaysia surged to X units, picking up by 16% compared with the previous year. Overall, exports, however, saw a slight reduction. The growth pace was the most rapid in 2013 with an increase of 30%. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, fire extinguisher exports surged to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 25%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X units) was the main destination for fire extinguisher exports from Malaysia, with a 23% share of total exports. Moreover, fire extinguisher exports to Australia exceeded the volume sent to the second major destination, South Korea (X units), twofold. The third position in this ranking was held by South Africa (X units), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia totaled +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-10.8% per year) and South Africa (+28.7% per year).

In value terms, Australia ($X), South Korea ($X) and Singapore ($X) were the largest markets for fire extinguisher exported from Malaysia worldwide, with a combined 31% share of total exports. Vietnam, the United States, Mauritius, Macao SAR, Denmark, Kuwait, the United Arab Emirates, Thailand, South Africa and Qatar lagged somewhat behind, together accounting for a further 33%.

Among the main countries of destination, Mauritius, with a CAGR of +20.2%, recorded 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

In 2022, the average fire extinguisher export price amounted to $X per unit, surging by 2.1% 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 +1.0% 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 decreased by -1.5% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 24% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 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 Singapore ($X per unit), while the average price for exports to South Africa ($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 United States (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into Malaysia

In 2022, the amount of fire extinguishers imported into Malaysia reduced modestly to X units, almost unchanged from 2021 figures. In general, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 206% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, fire extinguisher imports reached $X in 2022. Over the period under review, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2017 when imports increased by 71% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X units), China (X units) and Italy (X units) were the main suppliers of fire extinguisher imports to Malaysia, together accounting for 5.2% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +38.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of fire extinguishers to Malaysia, comprising 45% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total imports. It was followed by the United States, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.2% per year) and the United States (-16.5% per year).

Import Prices by Country

The average fire extinguisher import price stood at $X per unit in 2022, approximately equating the previous year. Overall, the import price, however, showed a abrupt decline. The growth pace was the most rapid in 2019 when the average import price increased by 29%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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