Latin America and the Caribbean: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Latin America and the Caribbean

After two years of decline, the Latin American fire extinguisher market increased by X% to $X in 2022. The total consumption indicated a notable 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. Based on 2022 figures, consumption decreased by X% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Fire Extinguisher Production in Latin America and the Caribbean

In value terms, fire extinguisher production dropped modestly to $X in 2022 estimated in export price. Overall, production saw a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Fire Extinguisher Exports

Exports in Latin America and the Caribbean

In 2022, after two years of growth, there was significant decline in overseas shipments of fire extinguishers, when their volume decreased by X% to X units. In general, exports, however, posted a perceptible increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then dropped rapidly in the following year.

In value terms, fire extinguisher exports declined 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. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

The shipments of the one major exporters of fire extinguishers, namely Mexico, represented more than two-thirds of total export.

Mexico was also the fastest-growing in terms of the fire extinguishers exports, with a CAGR of X% from 2012 to 2022. While the share of Mexico (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest fire extinguisher supplier in Latin America and the Caribbean.

In Mexico, fire extinguisher exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to X% per year.

Fire Extinguisher Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of fire extinguishers increased by X% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a notable increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, fire extinguisher imports skyrocketed to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Mexico dominates imports structure, accounting for X units, which was near X% of total imports in 2022. Ecuador (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Bolivia (X%), Uruguay (X%) and Costa Rica (X%). The following importers - the Dominican Republic (X units), Argentina (X units), Colombia (X units), Chile (X units) and Peru (X units) - together made up X% of total imports.

Mexico was also the fastest-growing in terms of the fire extinguishers imports, with a CAGR of X% from 2012 to 2022. At the same time, Bolivia (X%), Colombia (X%), Uruguay (X%) and Costa Rica (X%) displayed positive paces of growth. Chile experienced a relatively flat trend pattern. By contrast, Ecuador (X%), Peru (X%), the Dominican Republic (X%) and Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, Bolivia and Uruguay increased by X, X and X 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 in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Peru ($X), with a combined X% share of total imports. Colombia, the Dominican Republic, Ecuador, Costa Rica, Argentina, Uruguay and Bolivia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, the Dominican Republic, with a CAGR of X%, saw the highest growth rate of 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

The import price in Latin America and the Caribbean stood at $X per unit in 2022, falling by X% against the previous year. Overall, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per unit), while Bolivia ($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 Dominican Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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