Southern Asia: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Southern Asia

The South Asian fire extinguisher market dropped modestly to $X in 2022, reducing by -2.4% against the previous year. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +50.1% against 2013 indices. The level of consumption peaked at $X in 2021, and then shrank slightly in the following year.

Fire Extinguisher Production in Southern Asia

In value terms, fire extinguisher production reduced slightly to $X in 2022 estimated in export price. The total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.9% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 24% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Fire Extinguisher Exports

Exports in Southern Asia

After two years of growth, overseas shipments of fire extinguishers decreased by -69.6% to X units in 2022. Overall, exports, however, continue to indicate a noticeable increase. The pace of growth appeared the most rapid in 2013 when exports increased by 212% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then shrank notably in the following year.

In value terms, fire extinguisher exports fell rapidly to $X in 2022. In general, exports, however, showed a prominent increase. The growth pace was the most rapid in 2013 with an increase of 201% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

In 2022, India (X units) was the major exporter of fire extinguishers in Southern Asia, generating 99% of total export.

India was also the fastest-growing in terms of the fire extinguishers exports, with a CAGR of +2.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest fire extinguisher supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +5.9%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, surging by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2018 when the export price increased by 21% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +2.9% per year.

Fire Extinguisher Imports

Imports in Southern Asia

In 2022, the amount of fire extinguishers imported in Southern Asia reduced sharply to X units, dropping by -39.1% against the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 114%. The volume of import peaked at X units in 2021, and then declined dramatically in the following year.

In value terms, fire extinguisher imports declined markedly to $X in 2022. Overall, imports recorded a mild decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 113% against the previous year. As a result, imports attained the peak of $X, and then reduced markedly in the following year.

Imports by Country

Bangladesh was the main importer of fire extinguishers in Southern Asia, with the volume of imports resulting at X units, which was near 60% of total imports in 2022. India (X units) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (14%) and Sri Lanka (4.7%). Maldives (X units) took a relatively small share of total imports.

Bangladesh was also the fastest-growing in terms of the fire extinguishers imports, with a CAGR of +22.2% from 2012 to 2022. At the same time, Maldives (+16.7%), Sri Lanka (+15.0%) and Pakistan (+8.2%) displayed positive paces of growth. By contrast, India (-14.4%) illustrated a downward trend over the same period. Bangladesh (+52 p.p.), Pakistan (+7.3 p.p.), Sri Lanka (+3.5 p.p.) and Maldives (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -63.3% from 2012 to 2022, respectively.

In value terms, India ($X), Bangladesh ($X) and Pakistan ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 87% of total imports.

In terms of the main importing countries, Bangladesh, with a CAGR of +13.8%, recorded 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 Southern Asia amounted to $X per unit, jumping by 27% against the previous year. Over the period under review, the import price, however, saw a mild downturn. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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