Spain: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Spain

In 2022, the Spanish fire extinguisher market decreased by -4.8% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, saw a strong expansion. Over the period under review, the market hit record highs at $X in 2021, and then fell slightly in the following year.

Fire Extinguisher Production in Spain

In value terms, fire extinguisher production dropped rapidly to $X in 2022 estimated in export price. Overall, production showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. Fire extinguisher production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Fire Extinguisher Exports

Exports from Spain

In 2022, fire extinguisher exports from Spain amounted to X units, increasing by 2.6% against 2021. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 37%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, fire extinguisher exports expanded remarkably to $X in 2022. In general, total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.5% against 2019 indices. The pace of growth was the most pronounced in 2014 when exports increased by 74% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Portugal (X units), Morocco (X units) and France (X units) were the main destinations of fire extinguisher exports from Spain, together comprising 66% of total exports. Singapore, Turkey, Kuwait, Belgium, Ireland, Saudi Arabia and Italy lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +130.1%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Morocco ($X) and France ($X) were the largest markets for fire extinguisher exported from Spain worldwide, together accounting for 41% of total exports. Singapore, Saudi Arabia, Italy, Turkey, Kuwait, Belgium and Ireland lagged somewhat behind, together accounting for a further 25%.

Among the main countries of destination, Singapore, with a CAGR of +124.9%, saw the highest rates of growth with regard to the value of exports, 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, rising by 5.6% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fire extinguisher export price increased by +42.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 35%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Saudi Arabia ($X per unit), while the average price for exports to Ireland ($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 Italy (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into Spain

In 2022, purchases abroad of fire extinguishers decreased by -7% to X units for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 53%. Over the period under review, imports hit record highs at X units in 2021, and then contracted in the following year.

In value terms, fire extinguisher imports rose modestly to $X in 2022. In general, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 139%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

The Netherlands (X units), China (X units) and Ireland (X units) were the main suppliers of fire extinguisher imports to Spain, together comprising 90% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +207.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of fire extinguishers to Spain, comprising 65% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Italy, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled +63.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.4% per year) and Italy (+19.9% per year).

Import Prices by Country

The average fire extinguisher import price stood at $X per unit in 2022, picking up by 10% against the previous year. Over the period under review, the import price showed a strong increase. The growth pace was the most rapid in 2020 when the average import price increased by 57%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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