Scandinavia: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Scandinavia

In 2022, the Scandinavia fire extinguisher market increased by 9.7% to $X, rising for the seventh consecutive year after two years of decline. The total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +74.5% against 2015 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Fire Extinguisher Production in Scandinavia

In value terms, fire extinguisher production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 26%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Fire Extinguisher Exports

Exports in Scandinavia

In 2022, the amount of fire extinguishers exported in Scandinavia reduced to X units, falling by -5.1% compared with 2021. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 23%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, fire extinguisher exports rose to $X in 2022. In general, exports saw a noticeable curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 23% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden prevails in exports structure, resulting at X units, which was near 93% of total exports in 2022. It was distantly followed by Finland (X units), constituting a 4.8% share of total exports. Norway (X units) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the fire extinguishers exports, with a CAGR of +1.9% from 2012 to 2022. Norway (-7.8%) and Finland (-9.4%) illustrated a downward trend over the same period. While the share of Sweden (+12 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Norway (-3.4 p.p.) and Finland (-8.6 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest fire extinguisher supplier in Scandinavia, comprising 90% of total exports. The second position in the ranking was taken by Finland ($X), with a 6.2% share of total exports.

In Sweden, fire extinguisher exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (-14.2% per year) and Norway (-10.0% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, rising by 9.3% against the previous year. In general, the export price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2013 when the export price increased by 18% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a lower figure.

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 Norway ($X per unit), while Sweden ($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 (-1.1%), while the other leaders experienced a decline in the export price figures.

Fire Extinguisher Imports

Imports in Scandinavia

In 2022, the amount of fire extinguishers imported in Scandinavia reached X units, with an increase of 2.1% compared with 2021 figures. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 20% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, fire extinguisher imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 17%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Sweden (X units) and Norway (X units) represented the key importers of fire extinguishers in Scandinavia, together amounting to approx. 79% of total imports. It was distantly followed by Finland (X units), achieving a 21% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +4.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Finland, with a CAGR of +4.7%, saw the highest growth rate of 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 import price in Scandinavia amounted to $X per unit, with an increase of 6.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 6.4%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+0.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform