ASEAN: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in ASEAN

In 2022, the ASEAN fire extinguisher market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Fire Extinguisher Production in ASEAN

In value terms, fire extinguisher production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a deep setback. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Fire Extinguisher Exports

Exports in ASEAN

Fire extinguisher exports expanded notably to X units in 2022, with an increase of X% compared with 2021. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, fire extinguisher exports rose remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia was the largest exporter of fire extinguishers in ASEAN, with the volume of exports amounting to X units, which was near X% of total exports in 2022. It was distantly followed by Singapore (X units), mixing up a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%).

In value terms, Singapore ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022.

Singapore, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Malaysia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%).

Fire Extinguisher Imports

Imports in ASEAN

In 2022, the amount of fire extinguishers imported in ASEAN rose remarkably to X units, with an increase of X% on the previous year's figure. Overall, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, fire extinguisher imports surged to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Singapore (X units) and Vietnam (X units) represented the largest importers of fire extinguishers in ASEAN, together mixing up X% of total imports. Malaysia (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (X%), Myanmar (X%) and Thailand (X%). Indonesia (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Singapore ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per unit), while Myanmar ($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 Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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