Pakistan: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Pakistan

The Pakistani fire extinguisher market reduced markedly to $X in 2022, with a decrease of -27.6% 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). In general, consumption, however, enjoyed a resilient increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Fire Extinguisher Exports

Exports from Pakistan

In 2022, approx. X units of fire extinguishers were exported from Pakistan; growing by 118% against the year before. In general, exports, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2018 when exports increased by 386%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fire extinguisher exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 477%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Oman (X units) was the main destination for fire extinguisher exports from Pakistan, with a 90% share of total exports. Moreover, fire extinguisher exports to Oman exceeded the volume sent to the second major destination, Afghanistan (X units), fourfold. The United Arab Emirates (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Oman amounted to +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (-22.4% per year) and the United Arab Emirates (-16.7% per year).

In value terms, Afghanistan ($X), Oman ($X) and Sri Lanka ($X) constituted the largest markets for fire extinguisher exported from Pakistan worldwide, with a combined 52% share of total exports.

Among the main countries of destination, Oman, with a CAGR of +11.4%, 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 a decline.

Export Prices by Country

In 2022, the average fire extinguisher export price amounted to $X per unit, rising by 37% against the previous year. Overall, the export price, however, recorded a noticeable slump. The growth pace was the most rapid in 2016 when the average export price increased by 168% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Afghanistan ($X per unit), while the average price for exports to Oman ($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 Afghanistan (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into Pakistan

In 2022, the amount of fire extinguishers imported into Pakistan dropped to X units, waning by -13.7% on 2021. Over the period under review, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2016 with an increase of 228% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, fire extinguisher imports contracted dramatically to $X in 2022. Overall, imports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2016 with an increase of 180% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), the United Arab Emirates (X units) and the United States (X units) were the main suppliers of fire extinguisher imports to Pakistan, with a combined 93% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +50.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and the United Arab Emirates ($X) appeared to be the largest fire extinguisher suppliers to Pakistan, together comprising 69% of total imports.

The United States, with a CAGR of +16.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fire extinguisher import price stood at $X per unit in 2022, falling by -19.1% against the previous year. Overall, the import price showed a perceptible reduction. The pace of growth was the most pronounced in 2013 when the average import price increased by 5.6%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 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 the United States ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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