Sweden: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Sweden

In 2022, after four years of growth, there was decline in the Swedish fire extinguisher market, when its value decreased by -0.6% to $X. In general, consumption saw a pronounced curtailment. Fire extinguisher consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Fire Extinguisher Production in Sweden

In value terms, fire extinguisher production fell slightly to $X in 2022 estimated in export price. Overall, the total production indicated noticeable growth 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, production decreased by -13.5% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 41% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Fire Extinguisher Exports

Exports from Sweden

Fire extinguisher exports from Sweden declined to X units in 2022, dropping by -7.7% against 2021. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 18% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, fire extinguisher exports expanded markedly to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X units) was the main destination for fire extinguisher exports from Sweden, with a 42% share of total exports. Moreover, fire extinguisher exports to Norway exceeded the volume sent to the second major destination, Finland (X units), twofold. France (X units) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway stood at +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+5.0% per year) and France (+37.9% per year).

In value terms, Norway ($X), Turkey ($X) and France ($X) constituted the largest markets for fire extinguisher exported from Sweden worldwide, together comprising 31% of total exports.

France, with a CAGR of +26.0%, recorded the highest growth rate of the value of exports, in terms of 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

The average fire extinguisher export price stood at $X per unit in 2022, growing by 14% against the previous year. In general, the export price, however, continues to indicate a mild descent. The growth pace was the most rapid in 2018 an increase of 25%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Norway ($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 the UK (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into Sweden

In 2022, imports of fire extinguishers into Sweden fell to X units, which is down by -5.9% compared with 2021 figures. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 50%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, fire extinguisher imports fell to $X in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.3% against 2018 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 48%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of fire extinguisher to Sweden, accounting for a 79% share of total imports. Moreover, fire extinguisher imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. Germany (X units) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+36.8% per year) and Germany (-12.6% per year).

In value terms, China ($X) constituted the largest supplier of fire extinguishers to Sweden, comprising 63% of total imports. The second position in the ranking was taken by Poland ($X), with a 17% share of total imports. It was followed by Germany, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+35.6% per year) and Germany (-14.0% per year).

Import Prices by Country

The average fire extinguisher import price stood at $X per unit in 2022, almost unchanged from the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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 the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :