Asia-Pacific: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Asia-Pacific

The Asia-Pacific fire extinguisher market shrank modestly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, saw a resilient increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Fire Extinguisher Production in Asia-Pacific

In value terms, fire extinguisher production fell to $X in 2022 estimated in export price. The total production indicated moderate growth 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. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Fire Extinguisher Exports

Exports in Asia-Pacific

In 2022, exports of fire extinguishers in Asia-Pacific expanded rapidly to X units, surging by X% compared with the year before. Over the period under review, exports, however, recorded a precipitous decline. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, fire extinguisher exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the major exporter of fire extinguishers in Asia-Pacific, with the volume of exports reaching X units, which was near X% of total exports in 2022. Malaysia (X units) ranks second in terms of the total exports with a X% share, followed by India (X%), Singapore (X%), South Korea (X%) and Australia (X%). Hong Kong SAR (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fire extinguisher exports from China stood at X%. At the same time, India (X%), Hong Kong SAR (X%), South Korea (X%), Australia (X%) and Singapore (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Malaysia experienced a relatively flat trend pattern. While the share of Malaysia (X p.p.), India (X p.p.), South Korea (X p.p.), Singapore (X p.p.), Australia (X p.p.) and Hong Kong SAR (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest fire extinguisher supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with an X% share of total exports. It was followed by Singapore, with a X% share.

In China, fire extinguisher exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, increasing by X% against the previous year. In general, the export price showed significant growth. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, the 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 amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Fire Extinguisher Imports

Imports in Asia-Pacific

In 2022, approx. X units of fire extinguishers were imported in Asia-Pacific; remaining constant against the previous year. Overall, imports, however, saw prominent growth. The growth pace was the most rapid in 2018 when imports increased by X%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, fire extinguisher imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Taiwan (Chinese) (X units), distantly followed by Singapore (X units), Japan (X units), Vietnam (X units), Hong Kong SAR (X units), India (X units) and South Korea (X units) represented the key importers of fire extinguishers, together making up X% of total imports. The following importers - Malaysia (X units), Bangladesh (X units), the Philippines (X units), Myanmar (X units) and Thailand (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fire extinguisher importing markets in Asia-Pacific were Japan ($X), Vietnam ($X) and South Korea ($X), together comprising X% of total imports. Singapore, the Philippines, Taiwan (Chinese), Hong Kong SAR, Thailand, India, Bangladesh, Malaysia and Myanmar lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, 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 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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