MERCOSUR: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in MERCOSUR

The MERCOSUR fire extinguisher market stood at $X in 2022, rising by 3.4% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Fire Extinguisher Production in MERCOSUR

In value terms, fire extinguisher production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 21%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Fire Extinguisher Exports

Exports in MERCOSUR

In 2022, shipments abroad of fire extinguishers increased by 3.7% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2017 when exports increased by 22% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, fire extinguisher exports stood at $X in 2022. In general, exports, however, faced a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 50% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil dominates exports structure, accounting for X units, which was near 95% of total exports in 2022. Argentina (X units) took a little share of total exports.

Brazil was also the fastest-growing in terms of the fire extinguishers exports, with a CAGR of -12.3% from 2012 to 2022. Argentina (-13.2%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest fire extinguisher supplier in MERCOSUR, comprising 90% of total exports. The second position in the ranking was taken by Argentina ($X), with a 4.3% share of total exports.

In Brazil, fire extinguisher exports decreased by an average annual rate of -12.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, waning by -2.4% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 30%. As a result, the export price reached the peak level of $X per unit, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while Brazil stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+14.5%).

Fire Extinguisher Imports

Imports in MERCOSUR

In 2022, the amount of fire extinguishers imported in MERCOSUR skyrocketed to X units, rising by 59% against the previous year's figure. Total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +3.3% 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 +105.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fire extinguisher imports stood at $X in 2022. In general, imports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Chile was the main importing country with an import of about X units, which finished at 53% of total imports. Peru (X units) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Ecuador (9.7%), Brazil (7.6%), Colombia (7.5%) and Uruguay (5.6%). Argentina (X units) followed a long way behind the leaders.

Imports into Chile increased at an average annual rate of +13.4% from 2012 to 2022. At the same time, Brazil (+46.4%), Colombia (+9.6%) and Uruguay (+5.1%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +46.4% from 2012-2022. By contrast, Ecuador (-2.8%), Peru (-5.4%) and Argentina (-14.8%) illustrated a downward trend over the same period. While the share of Chile (+32 p.p.), Brazil (+7.4 p.p.) and Colombia (+3.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ecuador (-8.3 p.p.), Argentina (-10.1 p.p.) and Peru (-16.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported fire extinguishers in MERCOSUR, comprising 41% of total imports. The second position in the ranking was held by Peru ($X), with a 15% share of total imports. It was followed by Brazil, with a 14% share.

From 2012 to 2022, the average annual growth rate of value in Chile amounted to +4.1%. The remaining importing countries recorded the following average annual rates of imports growth: Peru (-3.6% per year) and Brazil (-0.6% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, falling by -28.3% against the previous year. In general, the import price saw a abrupt downturn. The growth pace was the most rapid in 2016 when the import price increased by 12% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform