Northern America: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Northern America

After two years of growth, the North American fire extinguisher market decreased by -5.5% to $X in 2022. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +81.5% against 2015 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced in the following year.

Fire Extinguisher Production in Northern America

In value terms, fire extinguisher production stood at $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 4.5%. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Fire Extinguisher Exports

Exports in Northern America

In 2022, overseas shipments of fire extinguishers increased by 1.5% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 34%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, fire extinguisher exports soared to $X in 2022. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates exports structure, finishing at X units, which was approx. 98% of total exports in 2022. Canada (X units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the fire extinguishers exports, with a CAGR of -13.8% from 2012 to 2022. Canada (-15.7%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest fire extinguisher supplier in Northern America, comprising 95% of total exports. The second position in the ranking was held by Canada ($X), with a 5.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, jumping by 36% against the previous year. Overall, the export price posted a strong increase. The pace of growth was the most pronounced in 2020 when the export price increased by 227% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to continue growth in years to come.

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 Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+28.0%).

Fire Extinguisher Imports

Imports in Northern America

After two years of growth, supplies from abroad of fire extinguishers decreased by -9.5% to X units in 2022. Over the period under review, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 119% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then shrank in the following year.

In value terms, fire extinguisher imports rose notably to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +36.7% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 32%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

The United States was the largest importer of fire extinguishers in Northern America, with the volume of imports resulting at X units, which was near 86% of total imports in 2022. It was distantly followed by Canada (X units), comprising a 14% share of total imports.

The United States was also the fastest-growing in terms of the fire extinguishers imports, with a CAGR of +17.4% from 2012 to 2022. At the same time, Canada (+3.5%) displayed positive paces of growth. The United States (+22 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -22.2% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported fire extinguishers in Northern America, comprising 72% of total imports. The second position in the ranking was held by Canada ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +4.8%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, picking up by 17% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt shrinkage. Over the period under review, import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-2.7%).

Source: IndexBox Platform

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