Russian Federation: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in the Russian Federation

In 2022, the Russian fire extinguisher market increased by 8% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption faced a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Fire Extinguisher Production in the Russian Federation

In value terms, fire extinguisher production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 103%. Fire extinguisher production peaked in 2022 and is expected to retain growth in the near future.

Fire Extinguisher Exports

Exports from the Russian Federation

After five years of growth, shipments abroad of fire extinguishers decreased by -8.8% to X units in 2022. Over the period under review, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 39% against the previous year. The exports peaked at X units in 2021, and then dropped in the following year.

In value terms, fire extinguisher exports surged to $X in 2022. Overall, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 130% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units), Uzbekistan (X units) and Belarus (X units) were the main destinations of fire extinguisher exports from Russia, together comprising 57% of total exports. China, Kyrgyzstan, Armenia, Ukraine and Azerbaijan lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Armenia (with a CAGR of +39.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fire extinguisher exported from Russia were China ($X), Kazakhstan ($X) and Uzbekistan ($X), with a combined 50% share of total exports. Belarus, Ukraine, Kyrgyzstan, Armenia and Azerbaijan lagged somewhat behind, together accounting for a further 9.2%.

Armenia, with a CAGR of +36.5%, saw the highest growth rate of 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 37% against the previous year. Over the period under review, the export price, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2020 an increase of 88% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Armenia ($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 China (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Fire Extinguisher Imports

Imports into the Russian Federation

In 2022, overseas purchases of fire extinguishers were finally on the rise to reach X units after three years of decline. In general, imports, however, continue to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 30%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, fire extinguisher imports fell modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when imports increased by 71% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X units), China (X units) and Italy (X units) were the main suppliers of fire extinguisher imports to Russia, together accounting for 67% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +36.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of fire extinguishers to Russia, comprising 28% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled +40.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.0% per year) and the United States (+14.0% per year).

Import Prices by Country

The average fire extinguisher import price stood at $X per unit in 2022, waning by -10.4% against the previous year. Overall, the import price, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 76% against the previous year. The import price peaked at $X per unit in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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