Estonia: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Estonia

The Estonian fire extinguisher market was finally on the rise to reach $X in 2023, after two years of decline. In general, consumption, however, saw a mild slump. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Fire Extinguisher Production in Estonia

In value terms, fire extinguisher production contracted slightly to $X in 2023 estimated in export price. Over the period under review, production showed a pronounced downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Fire Extinguisher Exports

Exports from Estonia

In 2023, shipments abroad of fire extinguishers decreased by X% to X units for the first time since 2018, thus ending a four-year rising trend. Overall, exports, however, showed a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X units in 2022, and then fell in the following year.

In value terms, fire extinguisher exports fell sharply to $X in 2023. In general, exports, however, posted noticeable growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Finland (X units) was the main destination for fire extinguisher exports from Estonia, accounting for a X% share of total exports. Moreover, fire extinguisher exports to Finland exceeded the volume sent to the second major destination, Turkey (X units), ninefold. Latvia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Finland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Latvia (X% per year).

In value terms, Finland ($X), Turkey ($X) and Poland ($X) constituted the largest markets for fire extinguisher exported from Estonia worldwide, with a combined X% share of total exports.

Among the main countries of destination, Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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, shrinking by X% against the previous year. In general, the export price showed a abrupt decrease. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Finland ($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 Russia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Fire Extinguisher Imports

Imports into Estonia

In 2023, approx. X units of fire extinguishers were imported into Estonia; jumping by X% against the previous year. Overall, imports, however, saw a pronounced setback. Imports peaked at X units in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, fire extinguisher imports rose markedly to $X in 2023. In general, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in the immediate term.

Imports by Country

In 2023, China (X units) constituted the largest fire extinguisher supplier to Estonia, with a X% share of total imports. Moreover, fire extinguisher imports from China exceeded the figures recorded by the second-largest supplier, Lithuania (X units), fourfold. Italy (X units) ranked third in terms of total imports with an X% share.

From 2020 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of fire extinguishers to Estonia, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Lithuania, with a X% share.

From 2020 to 2023, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Lithuania (X% per year).

Import Prices by Country

In 2023, the average fire extinguisher import price amounted to $X per unit, with a decrease of X% against the previous year. Over the last three-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per unit in 2022, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Luxembourg ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2020 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform