Portugal: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Portugal

The Portuguese fire extinguisher market reduced to $X in 2022, waning by -7.5% against the previous year. In general, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% 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 +21.6% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Fire Extinguisher Production in Portugal

In value terms, fire extinguisher production soared to $X in 2022 estimated in export price. In general, production, however, showed a noticeable contraction. The growth pace was the most rapid in 2018 when the production volume increased by 40% against the previous year. Fire extinguisher production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Fire Extinguisher Exports

Exports from Portugal

In 2022, shipments abroad of fire extinguishers was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a perceptible curtailment. The growth pace was the most rapid in 2019 when exports increased by 81% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, fire extinguisher exports soared to $X in 2022. In general, exports saw a temperate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Angola (X units) was the main destination for fire extinguisher exports from Portugal, with a 96% share of total exports. Moreover, fire extinguisher exports to Angola exceeded the volume sent to the second major destination, Spain (X units), sixfold. The third position in this ranking was taken by Cabo Verde (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Angola amounted to -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+5.5% per year) and Cabo Verde (+9.1% per year).

In value terms, Angola ($X) remains the key foreign market for fire extinguishers exports from Portugal, comprising 91% of total exports. The second position in the ranking was taken by Cabo Verde ($X), with a 3.5% share of total exports. It was followed by Spain, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value to Angola amounted to +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (+9.6% per year) and Spain (-5.9% per year).

Export Prices by Country

The average fire extinguisher export price stood at $X per unit in 2022, rising by 233% against the previous year. Over the period under review, the export price recorded a prominent expansion. 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Spain ($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 Angola (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.

Fire Extinguisher Imports

Imports into Portugal

Fire extinguisher imports into Portugal reduced modestly to X units in 2022, with a decrease of -3.8% against the year before. The total import volume increased at an average annual rate of +1.0% 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 31% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, fire extinguisher imports declined to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 33%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest fire extinguisher supplier to Portugal, with a 66% share of total imports. Moreover, fire extinguisher imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), twofold. The third position in this ranking was taken by Cabo Verde (X units), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-7.2% per year) and Cabo Verde (+102.5% per year).

In value terms, the largest fire extinguisher suppliers to Portugal were China ($X), Spain ($X) and Poland ($X), together comprising 82% of total imports.

Poland, with a CAGR of +87.3%, recorded 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

In 2022, the average fire extinguisher import price amounted to $X per unit, reducing by -2.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 21%. The import price peaked at $X per unit in 2012; however, from 2013 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 Spain ($X per unit), while the price for Cabo Verde ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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