Chile: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Chile

In 2023, the Chilean fire extinguisher market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2022, and then fell markedly in the following year.

Fire Extinguisher Exports

Exports from Chile

Fire extinguisher exports from Chile reduced rapidly to X units in 2023, which is down by X% against the previous year's figure. In general, exports, however, saw a mild expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at X units in 2022, and then dropped sharply in the following year.

In value terms, fire extinguisher exports declined sharply to $X in 2023. Overall, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2022, and then declined dramatically in the following year.

Exports by Country

Brazil (X units), Bolivia (X units) and Australia (X units) were the main destinations of fire extinguisher exports from Chile, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Australia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fire extinguisher exported from Chile were Brazil ($X), Bolivia ($X) and Peru ($X), with a combined X% share of total exports. France, Paraguay, Australia, Costa Rica, Germany, Panama, Vietnam and Uruguay lagged somewhat behind, together accounting for a further X%.

Australia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fire extinguisher export price stood at $X per unit in 2023, with an increase of X% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, fire extinguisher export price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2022 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Costa Rica ($X per unit), while the average price for exports to Australia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into Chile

In 2023, supplies from abroad of fire extinguishers decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, imports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, fire extinguisher imports declined sharply to $X in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2022, and then reduced dramatically in the following year.

Imports by Country

China (X units), the United States (X units) and Germany (X units) were the main suppliers of fire extinguisher imports to Chile, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of fire extinguishers to Chile, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

Import Prices by Country

The average fire extinguisher import price stood at $X per unit in 2023, waning by X% against the previous year. In general, import price indicated temperate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, fire extinguisher import price decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2017 an increase of X%. The import price peaked at $X per unit in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform