Norway: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Norway

The Norwegian fire extinguisher market surged to $X in 2022, rising by 26% 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). Over the period under review, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +36.8% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Fire Extinguisher Exports

Exports from Norway

In 2022, overseas shipments of fire extinguishers were finally on the rise to reach X units after two years of decline. In general, exports, however, showed a deep reduction. The pace of growth was the most pronounced in 2015 with an increase of 120% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, fire extinguisher exports dropped to $X in 2022. Over the period under review, exports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of 147%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Finland (X units), Sweden (X units) and China (X units) were the main destinations of fire extinguisher exports from Norway, together accounting for 44% of total exports. The United States, the United Arab Emirates, Germany, Taiwan (Chinese), the UK, the Netherlands, Poland, Turkey, Vietnam and Singapore lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +116.0%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) were the largest markets for fire extinguisher exported from Norway worldwide, with a combined 41% share of total exports. The Netherlands, the UK, Taiwan (Chinese), Finland, Sweden, Turkey, the United Arab Emirates, Poland, Singapore and Vietnam lagged somewhat behind, together accounting for a further 42%.

Taiwan (Chinese), with a CAGR of +142.4%, saw the highest growth rate of the value of exports, in terms of 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, reducing by -42% against the previous year. Overall, the export price recorded a noticeable contraction. The growth pace was the most rapid in 2021 when the average export price increased by 78%. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Sweden ($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 Taiwan (Chinese) (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into Norway

In 2022, the amount of fire extinguishers imported into Norway soared to X units, picking up by 20% compared with the previous year. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 21%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, fire extinguisher imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of fire extinguisher to Norway, accounting for a 57% share of total imports. Moreover, fire extinguisher imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. The third position in this ranking was held by Germany (X units), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+28.8% per year) and Germany (-4.1% per year).

In value terms, China ($X), Sweden ($X) and Poland ($X) constituted the largest fire extinguisher suppliers to Norway, together accounting for 66% of total imports. Germany, Italy, the Netherlands and Greece lagged somewhat behind, together comprising a further 16%.

In terms of the main suppliers, Greece, with a CAGR of +37.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average fire extinguisher import price amounted to $X per unit, rising by 6% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 12% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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