Thailand: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Thailand

The Thai fire extinguisher market totaled $X in 2022, growing by 2.3% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Fire Extinguisher Production in Thailand

In value terms, fire extinguisher production rose slightly to $X in 2022 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 -3.8% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 18%. Fire extinguisher production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Fire Extinguisher Exports

Exports from Thailand

After three years of growth, overseas shipments of fire extinguishers decreased by -80.5% to X units in 2022. Overall, exports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 180%. As a result, the exports reached the peak of X units, and then shrank rapidly in the following year.

In value terms, fire extinguisher exports skyrocketed to $X in 2022. In general, exports saw a slight decline. The pace of growth appeared the most rapid in 2017 with an increase of 63% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea (X units) was the main destination for fire extinguisher exports from Thailand, accounting for a 64% share of total exports. Moreover, fire extinguisher exports to South Korea exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. China (X units) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea amounted to +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+94.4% per year) and China (+29.3% per year).

In value terms, the Netherlands ($X), Singapore ($X) and Lao People's Democratic Republic ($X) appeared to be the largest markets for fire extinguisher exported from Thailand worldwide, together accounting for 56% of total exports. South Korea, Malaysia, China, Myanmar, Cambodia, Denmark, the United Arab Emirates and Indonesia lagged somewhat behind, together comprising a further 26%.

China, with a CAGR of +161.3%, saw 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, picking up by 604% against the previous year. Over the period under review, the export price continues to indicate a pronounced increase. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to South Korea ($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 South Korea (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into Thailand

In 2022, supplies from abroad of fire extinguishers decreased by -35.3% to X units, falling for the third year in a row after two years of growth. Overall, imports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 when imports increased by 80%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, fire extinguisher imports shrank to $X in 2022. Over the period under review, imports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2014 with an increase of 56% against the previous year. 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 Thailand, accounting for a 65% share of total imports. Moreover, fire extinguisher imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was taken by Malaysia (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.2% per year) and Malaysia (-4.0% per year).

In value terms, the largest fire extinguisher suppliers to Thailand were the United States ($X), China ($X) and Singapore ($X), with a combined 64% share of total imports. Luxembourg, Japan, Malaysia, the United Arab Emirates and Italy lagged somewhat behind, together accounting for a further 19%.

Luxembourg, with a CAGR of +56.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fire extinguisher import price stood at $X per unit in 2022, rising by 33% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Japan ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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