Mexico: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Mexico

The Mexican fire extinguisher market surged to $X in 2022, picking up by 25% against the previous year. Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fire Extinguisher Production in Mexico

In value terms, fire extinguisher production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.4% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 19%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Fire Extinguisher Exports

Exports from Mexico

In 2022, exports of fire extinguishers from Mexico contracted remarkably to X units, declining by -58.9% on 2021 figures. In general, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2017 when exports increased by 17%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, fire extinguisher exports shrank to $X in 2022. Overall, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +17.9% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 38% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

Venezuela (X units), Saudi Arabia (X units) and Guatemala (X units) were the main destinations of fire extinguisher exports from Mexico, with a combined 61% share of total exports. Panama, El Salvador, Peru, New Zealand and Argentina lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of +28.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fire extinguisher exported from Mexico were Saudi Arabia ($X), Venezuela ($X) and Guatemala ($X), together comprising 1.6% of total exports.

Saudi Arabia, with a CAGR of +16.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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, increasing by 124% against the previous year. In general, the export price showed buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 New Zealand (less than $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 Saudi Arabia (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into Mexico

Fire extinguisher imports into Mexico reduced notably to X units in 2022, waning by -54.6% against the previous year. In general, imports recorded a abrupt decline. The growth pace was the most rapid in 2017 when imports increased by 44% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, fire extinguisher imports soared to $X in 2022. Overall, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 +47.8% against 2020 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 42% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main fire extinguisher supplier to Mexico, accounting for a 95% share of total imports. It was followed by Spain (X units), with a 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-30.2% per year) and Italy (-43.1% per year).

In value terms, China ($X) constituted the largest supplier of fire extinguishers to Mexico, comprising 23% of total imports. The second position in the ranking was taken by Italy ($X), with a 0.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.1% per year) and Spain (-8.0% per year).

Import Prices by Country

In 2022, the average fire extinguisher import price amounted to $X per unit, with an increase of 171% against the previous year. Overall, the import price continues to indicate a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+88.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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