Fire Extinguisher Market

The article provides a detailed analysis of the global fire extinguisher market trends from 2022 to 2030. It covers consumption and production patterns, import and export statistics, and key country insights. The market is expected to show continued growth, with a forecasted increase in both volume and value terms. Key countries driving consumption, production, imports, and exports are highlighted, along with notable rate of growth and trends in prices over the years.

Market Forecast

Driven by increasing demand for fire extinguishers worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market volume to 195M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.9% for the period from 2022 to 2030, which is projected to bring the market value to $22.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Fire Extinguishers

Global fire extinguisher consumption declined modestly to 153M units in 2022, approximately equating the previous year. Overall, the total consumption indicated a measured increase from 2012 to 2022: its volume 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, consumption increased by +5.3% against 2020 indices. Over the period under review, global consumption reached the peak volume at 173M units in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

The global fire extinguisher market value rose modestly to $15.2B in 2022, growing by 3.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a prominent increase. Over the period under review, the global market reached the maximum level at $19.2B in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (33M units), the United States (17M units) and India (14M units), together comprising 42% of global consumption. Japan, Italy, Russia, France, Brazil, Egypt, Poland, the UK, South Korea and Vietnam lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +19.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($5.5B), Japan ($3.3B) and India ($1.2B) were the countries with the highest levels of market value in 2022, with a combined 66% share of the global market. France, the United States, Egypt, Vietnam, Italy, Russia, Brazil, the UK, Poland and South Korea lagged somewhat behind, together comprising a further 12%.

Among the main consuming countries, Italy, with a CAGR of +16.1%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of fire extinguisher per capita consumption in 2022 were Poland (119 units per 1000 persons), Italy (113 units per 1000 persons) and France (97 units per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Italy (with a CAGR of +19.5%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Fire Extinguishers

In 2022, the amount of fire extinguishers produced worldwide reduced slightly to 120M units, shrinking by -3.3% compared with 2021. In general, the total production indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +66.2% against 2016 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 30% against the previous year. Over the period under review, global production hit record highs at 124M units in 2021, and then declined modestly in the following year.

In value terms, fire extinguisher production shrank slightly to $17.3B in 2022 estimated in export price. Over the period under review, the total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 -12.2% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 32% against the previous year. As a result, production attained the peak level of $19.7B. From 2020 to 2022, global production growth remained at a lower figure.

Production By Country

China (35M units) remains the largest fire extinguisher producing country worldwide, comprising approx. 29% of total volume. Moreover, fire extinguisher production in China exceeded the figures recorded by the second-largest producer, India (12M units), threefold. The third position in this ranking was taken by Mexico (11M units), with a 9.5% share.

In China, fire extinguisher production contracted by an average annual rate of -2.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+5.2% per year) and Mexico (+0.7% per year).

Imports

World Imports of Fire Extinguishers

Global fire extinguisher imports reached 53M units in 2022, surging by 1.7% on the year before. Overall, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 63% against the previous year. Global imports peaked at 55M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, fire extinguisher imports rose significantly to $1.6B in 2022. The total import value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 11%. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports By Country

In 2022, the United States (13M units), distantly followed by Egypt (5.6M units) and Vietnam (2.7M units) represented the major importers of fire extinguishers, together committing 40% of total imports. The following importers - South Korea (2.4M units), India (2M units), the United Arab Emirates (2M units), Iraq (1.6M units), the UK (1.6M units), Japan (1.6M units), Canada (1.5M units), Mexico (1.5M units), Chile (1.1M units) and Indonesia (1M units) - together made up 30% of total imports.

From 2012 to 2022, average annual rates of growth with regard to fire extinguisher imports into the United States stood at +5.3%. At the same time, Egypt (+44.2%), India (+29.9%), Iraq (+18.0%), Mexico (+15.2%), South Korea (+11.8%), Vietnam (+9.7%), Indonesia (+8.5%), the UK (+8.3%), the United Arab Emirates (+5.4%), Chile (+5.3%) and Canada (+1.9%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in the world, with a CAGR of +44.2% from 2012-2022. Japan experienced a relatively flat trend pattern. Egypt (+10 p.p.), India (+3.3 p.p.), Iraq (+2 p.p.), South Korea (+1.9 p.p.), Mexico (+1.6 p.p.) and Vietnam (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while Japan saw its share reduced by -1.7% from 2012 to 2022, 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 ($178M), the UK ($103M) and Canada ($67M), with a combined 22% share of global imports. Japan, Vietnam, the United Arab Emirates, South Korea, Mexico, Egypt, Chile, Iraq, India and Indonesia lagged somewhat behind, together accounting for a further 17%.

Among the main importing countries, Vietnam, with a CAGR of +11.5%, recorded 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 $30 per unit in 2022, rising by 7% against the previous year. In general, the import price, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2015 an increase of 21%. As a result, import price attained the peak level of $43 per unit. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($65 per unit), while Egypt ($4.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.9%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Fire Extinguishers

In 2022, shipments abroad of fire extinguishers decreased by -13.1% to 21M units for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 224%. The global exports peaked at 43M units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, fire extinguisher exports expanded sharply to $1.6B in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 17%. Over the period under review, the global exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports By Country

Mexico prevails in exports structure, amounting to 12M units, which was near 58% of total exports in 2022. China (2M units) ranks second in terms of the total exports with a 9.6% share, followed by Poland (6.3%). The following exporters - the United States (817K units), Italy (441K units), Germany (397K units), Malaysia (351K units) and Russia (347K units) - together made up 11% of total exports.

From 2012 to 2022, average annual rates of growth with regard to fire extinguisher exports from Mexico stood at +4.0%. At the same time, Poland (+30.7%), Italy (+26.0%) and Germany (+7.9%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +30.7% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, Russia (-1.2%), the United States (-1.9%) and China (-22.2%) illustrated a downward trend over the same period. Mexico (+37 p.p.), Poland (+6.1 p.p.) and Italy (+2 p.p.) significantly strengthened its position in terms of the global exports, while China saw its share reduced by -55.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fire extinguisher supplying countries worldwide were China ($410M), the United States ($208M) and Mexico ($141M), with a combined 47% share of global exports. Germany, Poland, Italy, Russia and Malaysia lagged somewhat behind, together accounting for a further 17%.

Among the main exporting countries, Russia, with a CAGR of +8.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average fire extinguisher export price amounted to $79 per unit, jumping by 26% against the previous year. Over the period under review, the export price showed buoyant growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 628% against the previous year. Over the period under review, the average export prices hit record highs at $284 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($266 per unit), while Mexico ($12 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+35.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform