Global Fire Extinguisher Market 2024

Fire Extinguisher Market Size

The global fire extinguisher market expanded slightly to $X in 2022, with an increase of 1.7% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the global market remained at a somewhat lower figure.

Fire Extinguisher Production

In value terms, fire extinguisher production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 13%. Global production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Fire Extinguisher Exports

Exports

In 2022, approx. X units of fire extinguishers were exported worldwide; picking up by 14% against the year before. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fire extinguisher exports rose sharply to $X in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 16%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X units, which was near 67% of total exports in 2022. It was distantly followed by Poland (X units), mixing up a 7.6% share of total exports. Italy (X units), Germany (X units), Mexico (X units), South Korea (X units), Russia (X units) and the United Arab Emirates (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +6.6% from 2012 to 2022. At the same time, Russia (+15.1%), the United Arab Emirates (+9.1%), Poland (+5.3%) and Italy (+5.2%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the world, with a CAGR of +15.1% from 2012-2022. By contrast, South Korea (-4.9%), Mexico (-5.7%) and Germany (-5.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Poland increased by +21 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest fire extinguisher supplier worldwide, comprising 26% of global exports. The second position in the ranking was taken by Mexico ($X), with an 8.9% share of global exports. It was followed by Germany, with a 6.3% share.

In China, fire extinguisher exports increased at an average annual rate of +5.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (+3.2% per year) and Germany (-2.3% per year).

Export Prices by Country

The average fire extinguisher export price stood at $X per unit in 2022, declining by -6.3% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 4.9% against the previous year. The global export price peaked at $X per unit in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+9.4%), while the other global leaders experienced more modest paces of growth.

Fire Extinguisher Imports

Imports

After five years of growth, purchases abroad of fire extinguishers decreased by -2.4% to X units in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 14% against the previous year. Global imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, fire extinguisher imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States was the key importer of fire extinguishers in the world, with the volume of imports recording X units, which was near 23% of total imports in 2022. The UK (X units) held the second position in the ranking, followed by Germany (X units). All these countries together held near 11% share of total imports. The following importers - Vietnam (X units), Canada (X units), Australia (X units), France (X units), South Korea (X units), the United Arab Emirates (X units), Japan (X units), Spain (X units), Greece (X units) and South Africa (X units) - together made up 29% of total imports.

Imports into the United States increased at an average annual rate of +17.4% from 2012 to 2022. At the same time, Vietnam (+51.5%), Greece (+17.7%), France (+14.3%), Spain (+12.2%), the United Arab Emirates (+11.2%), Australia (+5.2%), the UK (+3.7%), South Korea (+3.6%), Canada (+3.5%) and Japan (+1.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +51.5% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, South Africa (-26.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, Vietnam, France and the United Arab Emirates increased by +18, +4.4, +2.5 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fire extinguisher importing markets worldwide were the United States ($X), the UK ($X) and Germany ($X), with a combined 23% share of global imports. France, Canada, Spain, Australia, Japan, the United Arab Emirates, Vietnam, South Korea, South Africa and Greece lagged somewhat behind, together accounting for a further 27%.

In terms of the main importing countries, Spain, with a CAGR of +20.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

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 last decade, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2016 when the average import price increased by 37% against the previous year. Global import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Spain ($X per unit), while the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+36.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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