U.S.: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in the U.S.

After two years of growth, the U.S. fire extinguisher market decreased by -6.8% to $X in 2022. Overall, consumption, however, saw a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2021, and then dropped in the following year.

Fire Extinguisher Production in the U.S.

In value terms, fire extinguisher production amounted to $X in 2022. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 2.6%. Fire extinguisher production peaked at $X in 2018; afterwards, it flattened through to 2022.

Fire Extinguisher Exports

Exports from the U.S.

In 2022, shipments abroad of fire extinguishers increased by 24% to X units, rising for the second consecutive year after three years of decline. In general, exports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2015 when exports increased by 39% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fire extinguisher exports surged to $X in 2022. Overall, exports saw a relatively flat trend pattern. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for fire extinguisher exports from the United States, accounting for a 41% share of total exports. Moreover, fire extinguisher exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), fourfold. The third position in this ranking was held by Saudi Arabia (X units), with a 9.3% share.

From 2020 to 2022, the average annual rate of growth in terms of volume to Canada amounted to +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+33.3% per year) and Saudi Arabia (+1.5% per year).

In value terms, Canada ($X) remains the key foreign market for fire extinguishers exports from the United States, comprising 26% of total exports. The second position in the ranking was held by Mexico ($X), with an 8.2% share of total exports. It was followed by Saudi Arabia, with a 7.8% share.

From 2020 to 2022, the average annual rate of growth in terms of value to Canada stood at +27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+21.6% per year) and Saudi Arabia (+21.4% per year).

Export Prices by Country

In 2022, the average fire extinguisher export price amounted to $X per unit, surging by 13% against the previous year. Over the last two-year period, it increased at an average annual rate of +5.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Costa Rica ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into the U.S.

In 2022, purchases abroad of fire extinguishers decreased by -15.1% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 161% against the previous year. Imports peaked at X units in 2021, and then dropped notably in the following year.

In value terms, fire extinguisher imports dropped slightly to $X in 2022. Overall, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +30.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 40%. Imports peaked at $X in 2021, and then reduced modestly in the following year.

Imports by Country

Mexico (X units), Canada (X units) and China (X units) were the main suppliers of fire extinguisher imports to the United States, together accounting for 83% of total imports. Germany and Italy lagged somewhat behind, together accounting for a further 5.2%.

From 2020 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +130.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of fire extinguishers to the United States, comprising 78% of total imports. The second position in the ranking was held by China ($X), with a 7.4% share of total imports. It was followed by Canada, with a 4.9% share.

From 2020 to 2022, the average annual rate of growth in terms of value from Mexico totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+76.6% per year) and Canada (+41.0% per year).

Import Prices by Country

The average fire extinguisher import price stood at $X per unit in 2022, surging by 16% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +9.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+139.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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